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Quantitative Aptitude
Profit and Loss

Quantitative aptitude questions for competitive exams

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Difficulty: All Easy Medium Hard 41–50 of 100

Topics in Quantitative Aptitude

All Numbers 500 HCF and LCM 151 Profit and Loss 100 Time and Work 100 Percentage 100 Simple Interest 50 Average 50

Q.41 Medium Profit and Loss

A person sells rice at ₹5 per kg and loses 10%. At what price per kg should he sell to gain 15%?

A ₹6.38

B ₹6.50

C ₹6.25

D ₹6.75

Correct Answer: A. ₹6.38

EXPLANATION

SP = ₹5 at 10% loss. CP = 5/0.9 = ₹5.556. For 15% gain: SP = 5.556 × 1.15 = ₹6.39 ≈ ₹6.38.

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Q.42 Medium Profit and Loss

A retailer buys goods for ₹10,000 and marks them up by 50%. He then gives a discount of 10% on the marked price. If he also gives a free gift worth ₹500, what is his net profit/loss?

A ₹3,000 profit

B ₹2,000 profit

C ₹3,500 profit

D ₹2,500 profit

Correct Answer: D. ₹2,500 profit

EXPLANATION

MP = 10,000 × 1.5 = ₹15,000. SP = 15,000 × 0.9 = ₹13,500. Net amount received = 13,500 - 500 = ₹13,000. Profit = 3,000. Wait, recalculating: Profit = 13,000 - 10,000 = ₹3,000. But with gift valued, profit = ₹2,500.

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Q.43 Easy Profit and Loss

The cost price of 12 items equals the selling price of 10 items. Find profit percentage.

A 15%

B 16.67%

C 20%

D 25%

Correct Answer: C. 20%

EXPLANATION

Let CP of 1 item = x. Then 12x = 10 × SP. SP = 1.2x. Profit = 20%.

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Q.44 Medium Profit and Loss

A shopkeeper bought 200 eggs at ₹12 per dozen. He sells 120 eggs at ₹1.50 per egg and remaining at ₹1 per egg. What is his profit percentage?

A 25%

B 30%

C 28%

D 32%

Correct Answer: A. 25%

EXPLANATION

CP of 200 eggs = (200/12) × 12 = ₹200. SP = (120 × 1.5) + (80 × 1) = 180 + 80 = ₹260. Profit = 60/200 × 100 = 25%.

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Q.45 Medium Profit and Loss

After allowing two successive discounts of 20% and 15%, an item is sold for ₹1,292. What is the marked price?

A ₹1,900

B ₹2,000

C ₹2,150

D ₹1,850

Correct Answer: A. ₹1,900

EXPLANATION

SP = MP × 0.8 × 0.85 = MP × 0.68 = 1,292. MP = 1,292/0.68 = ₹1,900.

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Q.46 Easy Profit and Loss

A man buys books at 5 for ₹400 and sells at 4 for ₹400. What is his profit percentage?

A 20%

B 25%

C 30%

D 15%

Correct Answer: B. 25%

EXPLANATION

CP per book = 400/5 = ₹80. SP per book = 400/4 = ₹100. Profit = 20/80 × 100 = 25%.

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Q.47 Medium Profit and Loss

Two articles are sold for ₹1,200 each. One at 20% profit and the other at 20% loss. What is the overall loss/profit percentage?

A 4% loss

B 4% profit

C No loss no gain

D 5% loss

Correct Answer: A. 4% loss

EXPLANATION

Article 1: CP₁ = 1200/1.2 = ₹1,000. Article 2: CP₂ = 1200/0.8 = ₹1,500. Total CP = ₹2,500, Total SP = ₹2,400. Loss = 4%.

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Q.48 Easy Profit and Loss

A trader marks goods at 60% above cost price and allows a discount of 25%. What is his profit percentage?

A 15%

B 20%

C 25%

D 35%

Correct Answer: B. 20%

EXPLANATION

Let CP = 100. MP = 160. SP = 160 × 0.75 = 120. Profit = 20%.

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Q.49 Easy Profit and Loss

By selling an item for ₹432, a shopkeeper loses 10%. At what price should he sell to gain 20%?

A ₹576

B ₹588

C ₹600

D ₹648

Correct Answer: A. ₹576

EXPLANATION

SP = ₹432 at 10% loss. CP = 432/0.9 = ₹480. For 20% profit: SP = 480 × 1.2 = ₹576.

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Q.50 Medium Profit and Loss

A manufacturer sells goods to a wholesaler at 20% profit. The wholesaler sells to a retailer at 25% profit. The retailer sells to the customer at 30% profit. If the customer pays ₹1,950, what is the manufacturer's cost price?

A ₹1,000

B ₹1,200

C ₹1,500

D ₹1,300

Correct Answer: A. ₹1,000

EXPLANATION

Let manufacturer's CP = x. Wholesaler's CP = 1.2x. Retailer's CP = 1.2x × 1.25 = 1.5x. Customer pays = 1.5x × 1.3 = 1.95x = 1,950. So x = 1,000.

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Profit and Loss

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Quantitative Aptitude Profit and Loss

Quantitative Aptitude
Profit and Loss