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Profit and Loss - Aptitude Questions and Answers Page 2

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Aptitude :: Profit and Loss


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Profit and Loss - Aptitude Questions and Answers Page 2

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Aptitude Test
Exam Questions
Aptitude Exam
6. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage
loss incurred by selling the same article for Rs. 1280. At what price should the article be
sold to make 25% profit?
A.Rs. 2000
B.Rs. 2200
C.Rs. 2400
D.Data inadequate
Answer & Explanation
Answer: Option A
Explanation:
Let C.P. be Rs. x.
1920 - x
x - 1280
x 100 =
x 100
x
x

Then,

1920 - x = x - 1280
2x = 3200
x = 1600
Required S.P. = 125% of Rs. 1600 = Rs.

125
x 1600 = Rs 2000.
100

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7. A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs.
392, what was his profit?
A.Rs. 18.20
B.Rs. 70
C.Rs. 72
D.Rs. 88.25
Answer & Explanation
Answer: Option C
Explanation:
C.P. = Rs.

100
1000
x 392 = Rs.
x 392 = Rs. 320
122.5
1225

Profit = Rs. (392 - 320) = Rs. 72.


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8. A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of
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Profit and Loss - Aptitude Questions and Answers Page 2

the cycle?
A.Rs. 1090
C.Rs. 1190
Answer & Explanation

B.Rs. 1160
D.Rs. 1202

Answer: Option C
Explanation:
S.P. = 85% of Rs. 1400 = Rs.

85
x 1400 = Rs. 1190
100

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Overview
Important Formulas

Exercise

9. Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of
them at the rate of Rs. 33. What was his percentage profit?
A.3.5
B.4.5
C.5.6
D.6.5
Answer & Explanation
Answer: Option C

General Questions
Data Sufficiency 1
Data Sufficiency 2
Data Sufficiency 3
Data Sufficiency 4
"Weakness of attitude becomes
weakness of character."
- Albert Einstein

Explanation:
Cost Price of 1 toy = Rs.

375
= Rs. 31.25
12

Selling Price of 1 toy = Rs. 33


So, Gain = Rs. (33 - 31.25) = Rs. 1.75
1.75
28
x 100 = % = 5.6%
31.25
% 5

Profit % =

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10. Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain
percent is:
1
A.30%
B.33 %
3
C.35%
D.44%
Answer & Explanation
Answer: Option D
Explanation:
Suppose, number of articles bought = L.C.M. of 6 and 5 = 30.
C.P. of 30 articles = Rs.

5
x 30 = Rs. 25.
6

S.P. of 30 articles = Rs.

6
x 30 = Rs. 36.
5

Gain % =

11
x 100
25
% = 44%.

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Read more:
Profit and Loss - Important Formulas
Profit and Loss - Data Sufficiency 1
Profit and Loss - Data Sufficiency 2
Profit and Loss - Data Sufficiency 3
Profit and Loss - Data Sufficiency 4

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