Questions on Profit and Loss for

Aptitude test
by :
DR. T.K. JAIN
AFTERSCHO☺OL
centre for social entrepreneurship
sivakamu veterinary hospital road
bikaner 334001 rajasthan, india
FOR – CSE & PGPSE STUDENTS
(CSE & PGPSE are free online programmes
open for all, free for all)
mobile : 91+9414430763
5 DECEMBER 09 www.afterschool.tk 1
 My words.....

My purpose here is to give a few questions, which are

often asked in aptitude tests and competitive
examinations. Please prepare well for your examinations.
Please pass this presentation to all those who might need
it. Let us spread knowledge as widely as possible. I
welcome your suggestions. I also request you to help me
in spreading social entrepreneurship across the globe – for
which I need support of you people – not of any VIP.
With your help, I can spread the ideas – for which we
stand....
5 DECEMBER 09 www.afterschool.tk 2
 A man buys an article for
Rs.27.50 and sells it for Rs.28.60
Find the gain percent.

PROFIT = 28.6 – 27.5 = 1.1

profit in % =
1.1 / 27.5 *100
=4%

5 DECEMBER 09 www.afterschool.tk 3
If a radio is purchased for Rs 490
and sold for Rs 465.50 Find the
loss%?

Loss = 490 – 465.5 = 24.5

loss in % = 24.5/ 490 *100 = 5%

5 DECEMBER 09 www.afterschool.tk 4
Find S.P when C.P=Rs 56.25 and
Gain=20%

56.25 * 1.2 = 67.5 answer

5 DECEMBER 09 www.afterschool.tk 5
 Find S.P when C.P=Rs
80.40,loss=5%

80.4 ( (1-.05) = 76.38 answer

5 DECEMBER 09 www.afterschool.tk 6
 Find C.P when S.P=Rs
40.60,gain=16%?

Solution : 40.6 *100/116 = 35

5 DECEMBER 09 www.afterschool.tk 7
 Find C.P when S.P=Rs 51.70
,loss=12%?

51.7 * 100/88
=58.75

5 DECEMBER 09 www.afterschool.tk 8
 A person incurs 5% loss by
selling a bat for Rs 1140 . At what
price should the watch be sold to
earn 5% profit?

1140 * 105/95
=1260

5 DECEMBER 09 www.afterschool.tk 9
 If the cost price is 96% of the
selling price,then what is the
profit percent?

4/96 * 100
= 4.17%

5 DECEMBER 09 www.afterschool.tk 10
 If an article is sold at 5% gain
instead of 5% loss,the seller gets
Rs 6.72 more. The C.P of the
article is?

100 * 10/6.72
=148.81 answer

5 DECEMBER 09 www.afterschool.tk 11
 The price of an article including the sales tax is Rs
616.The rate of sales tax is 10%,if the shopkeeper has
made a profit of 12%,then the cost price of the article is?

616 * 100/110
price before sales tax =560
cost = 560 * 100/112 = 500
Cost = 500 answer

5 DECEMBER 09 www.afterschool.tk 12
 Mayank Bothra purchased 20 dozens of toys at the
rate of 375 Rs per dozen .He sold each one of then at
the rate of Rs 33.What was his percentage profit?

Cost = 375 * 20 = 7500

sale price 33 * 20 * 12 = 7920
profit = 420
profit in % = 420/7500 * 100
=5.6 % answer
=
5 DECEMBER 09 www.afterschool.tk 13
Vipin bought paper sheets for Rs 7200 and spent Rs
200 on transport. Paying Rs 600,he had 330 boxes
made,which he sold at Rs 28 each. His profit
percentage is

His cost = 7200+200+600 = 8000

revenue = 330*28 = 9240
profit = 9240-8000 = 1240
profit in 5% = 1240 / 8000 * 100 = 15.5%
answer

5 DECEMBER 09 www.afterschool.tk 14
A person earns 15% on investment but loses 10% on
another investment .If the ratio of the two investments
be 3:5 ,what is the gain or loss on the two
investments taken together?

Suppose he invested 300 & 500 respectively

profit : 15% of 300 = 45
loss = 500 *10 = 50
net loss = - 5
5/800 *100 = .63 % answer

5 DECEMBER 09 www.afterschool.tk 15
The profit earned by selling an article for Rs 900 is double
the loss incurred when the same article is sold for Rs
450 .At what price should the article be sold to make 25%
profit?

Difference between the two prices :

900 – 450 = 450
let us take 2/3 of this (because the ratio of
profit and loss is 2:1)
450 * 2/3 = 300
COST = 900 – 300 =600
TO EARN 25% PROFIT : 600 * 1.25 = 750
5 DECEMBER 09 www.afterschool.tk 16
 If an article is sold at 5% gain
instead of 5% loss,the seller gets
Rs 6.72 more. The C.P of the
article is?

Let us assume the cost = 100

difference in selling prices : 105 – 95 = 10
so the actual cost should be :
6.72/10 * 100= 67.2 answer

5 DECEMBER 09 www.afterschool.tk 17
 Two discounts of 40% and 20%
equal to a single discount of?

Let us assume print price = 100

after first discount : 60
after 2nd discount = 48
thus single discount = (100 – 48) = 52 answer

5 DECEMBER 09 www.afterschool.tk 18
 Find C.P when S.P=Rs 51.70
loss=12%?

51.7 * 100/88
=58.75 answer

5 DECEMBER 09 www.afterschool.tk 19
 Find C.P when S.P=Rs
40.60,gain=16%?

40.6 * 100/116
=35

5 DECEMBER 09 www.afterschool.tk 20
 Find S.P when C.P=Rs
80.40,loss=5%

80.4 * 95/100
76.39 answer

5 DECEMBER 09 www.afterschool.tk 21
If a radio is purchased for Rs 490
and sold for Rs 465.50 Find the
loss%?

Loss = 490 – 465.5 = 24.5

24.5 / 490 * 100
= 5% answer

5 DECEMBER 09 www.afterschool.tk 22
 A person incurs 5% loss by
selling a watch for Rs 1140 . At
what price should the watch be
sold to earn 5% profit?

1140 * 105/95
=1260 answer

5 DECEMBER 09 www.afterschool.tk 23
 If the cost price is 96% of the
selling price,then what is the
profit percent?

4/96 * 100
= 4.17%

5 DECEMBER 09 www.afterschool.tk 24
A discount dealer professes to sell
his goods at cost price but uses a
weight of 960 gms for a Kg
weight .Find his gain %?

40 / 960 * 100
= 4.17%

5 DECEMBER 09 www.afterschool.tk 25
A man sold two flats for Rs 675,958 each .On one he
gains 16% while on the other he losses 16%.How
much does he gain or lose in the whole transaction?
Let us assume that the sale price is 100 each.
Cost of the two flats is : 1. in profit 100 * 100/116 =86.21
2. that in loss : 100 * 100/84=119.05
NOW ADD THESE : 86.21+119.05=205.26
thus we can see that actually there is a loss of 5.26 on cost of 205.26.
the loss in % is : 5.26/ 205.26 * 100 = 2.56 %
SHORT CUT = multiply : 16% with 16% , you get 2.56%.
2.56/100 * 2*675,958 = loss of 34609 answer
ALWAYS USE SHORTCUT FOR SUCH QUESTION SQUARE
UP THE % PROFIT & LOSS AND GET ANSWER)

5 DECEMBER 09 www.afterschool.tk 26
A man sold two geans at Rs 1995
each. On one he lost 10% and on
the other he gained 10%.what his
gain or loss percent?
Shortcut :
1% loss
1/100 *(1995+1995)
=1/100*3990
loss of =39.9 answer

5 DECEMBER 09 www.afterschool.tk 27
 The price of an article is reduced by 20%.
in order to restore the original price, the new
price must be increased by what %?

Suppose original price = 100

reduced by 20% = 80
NOW WE HAVE TO RESTORE IT
we have to increase 20 to restore
20 / 80 * 100 = 25% answer
SHORTCUT : (20 / (100-20)*100 )
(IF REDUCTION RATE IS X% : X/(100-X) * 100 )

5 DECEMBER 09 www.afterschool.tk 28
Sam purchased 20 dozens of toys at the rate of 375 Rs
per dozen .He sold each one of then at the rate of Rs
33.What was his percentage profit?

Total cost = 375 * 20 = 7500

revenue : 240 * 33 = 7920
profit = 420
profit in % 420/7500 * 100 = 5.6%

5 DECEMBER 09 www.afterschool.tk 29
Two third of consignment was sold at a profit of 5%
and the remainder at a loss of 2%.If the total profit
was Rs 400,the value of the consignment was?
For such questions, start with your own assumptions.
Since you have to calculate 2/3rd, so take up multiple of
3, let us say 300
Let us assume that the value of consignment was 300
200 sold for 5% profit = 10
100 sold for loss of 2% = -2
net result = +8
thus value of consignment = 400/8 * 300
= 15000 answer
5 DECEMBER 09 www.afterschool.tk 30
Kunal bought a suitcase with 15% discount on the labelled
price. He sold the suitcase for Rs 2880 with 20% profit on
the labelled price .At what price did he buy the suitcase?

Let us assume the label price = 100

his purchase price = 85
his sale price 100 + 20 = 120
actual cost = 85/120 * 2880 = 2040 answer

5 DECEMBER 09 www.afterschool.tk 31
A tradesman gives 4% discount on the marked price
and gives an article free for buying every 15 articles
and thus gains 35%.The marked price is above the
cost price by

Suppose a customer takes away 16 items costing 10 each, cost

= 160
price collected = 160 + 35% = 216
per unit price 216/15 = 14.4
this is 96% of the marked price
marked price is : 100/96 * 14.4 = 15
thus marked price is 50% above the cost price
(cost 10, marked price 15, so ratio is 2:3)

5 DECEMBER 09 www.afterschool.tk 32
By selling 33m of cloth ,one gains
the selling price of 11m.Find the
gain percent?
Suppose price of cloth is 1 per meter
Total sale price = 33
Total profit = 11
cost = 33-11 = 22
profit in % = 11/22 *100 = 50%
(remember, profit has to be calculated on cost,
not on the print price).
5 DECEMBER 09 www.afterschool.tk 33
The price of a jewel, passing through three hands, rises on
the whole by 65%.if the first and second sellers earned
20% and 25% profit respectively,find the percentage
profit earned by the third seller?

Let us assume the cost of 1st seller = 100

he sells it at : 120
2nd seller sells it at : 120+25% = 150
rd
the 3 seller sells it at 165 (given in question)
rd
so profit of 3 seller is (165-150) = 15 which is
10% of his cost (his cost is 150). answer
5 DECEMBER 09 www.afterschool.tk 34
 When a producer allows 36% commission on the
retail price of his product ,he earns a profit of
8.8%.what would be his profit percent if the
commission rate is changed to 12%
Let us assume that the sale price is 1000
commission : 360
net money received = 640
less – profit = 88 = 552
cost = 552
reduction in commission = .24 *1000 =240
his new profit = 88+240 =328
profit in % = 328/552 * 100 = 59. 42% answer

5 DECEMBER 09 www.afterschool.tk 35
 Download more resources

http://www.esnips.com/web/onlinespeeches

5 DECEMBER 09 www.afterschool.tk 36
http://www.esnips.com/doc/a4161e7a-6859-4583-b3
http://www.esnips.com/doc/292f3066-dfff-4507-9ef
http://www.esnips.com/doc/61098141-2b35-4dd2-8
http://www.esnips.com/doc/6335a093-fa8b-4829-91
http://www.esnips.com/doc/17998a15-f26a-4de7-b8
http://www.esnips.com/doc/816ec880-c1d5-436c-b5
http://www.esnips.com/doc/026362a7-efe4-42ef-afe
http://www.esnips.com/doc/ebceaf38-3af0-4b62-bd4
5 DECEMBER 09 www.afterschool.tk 37
 Download links ....

http://www.esnips.com/doc/1ca22536-6475-4fa4-bb
http://www.esnips.com/doc/3e7518ef-dc30-4309-af0
http://www.esnips.com/doc/f5f8334d-7642-4154-9b
http://www.esnips.com/doc/caf3db9b-7739-4f37-86
http://www.esnips.com/doc/ebceaf38-3af0-4b62-bd4
http://www.esnips.com/doc/3aab1a3a-43f3-49a8-b8

5 DECEMBER 09 www.afterschool.tk 38
 Download links...

http://www.esnips.com/doc/8f6897b7-0bab-4e53-85
http://www.esnips.com/doc/23aac52e-3ecf-4d89-8b
http://www.esnips.com/doc/48840095-2865-4eb1-88
http://www.esnips.com/doc/67a0ff61-c31f-43a0-994
http://www.esnips.com/doc/f6d85f1b-881b-4e93-83

5 DECEMBER 09 www.afterschool.tk 39
 Download links...

http://www.slideshare.net/tkjainbkn/reasoning
http://www.slideshare.net/tkjainbkn/reasoning-2814
http://www.scribd.com/doc/28677498/

5 DECEMBER 09 www.afterschool.tk 40
 Download links....
http://www.scribd.com/doc/28617263/Syllabus-of-M
http://www.scribd.com/doc/28617157/Vedic-Mathe
http://www.scribd.com/doc/28616660/English-Impr
http://www.scribd.com/doc/28531795/Mock-Paper-
http://www.scribd.com/doc/23610071/Reasoning
http://www.scribd.com/doc/14675645/10-July-Reas
http://www.scribd.com/doc/23393680/REASONING
http://www.scribd.com/doc/6583303/Reasoning-Aft
5 DECEMBER 09 www.afterschool.tk 41
 Download links for material in english

http://www.authorstream.com/presentation/tkjainbkn
http://www.docstoc.com/docs/3921499/ENGLISH-%
http://www.slideshare.net/tkjainbkn/english-error-sp
http://www.scribd.com/doc/19641980/Error-Spottin
http://www.scribd.com/doc/11629005/English-Error
http://www.scribd.com/doc/14660441/English-After
http://www.scribd.com/doc/6583519/English-Afters
http://www.scribd.com/doc/6583520/English-Afters
5 DECEMBER 09 www.afterschool.tk 42
 Download links for material on
English

http://www.scribd.com/doc/6583315/English-Impro
http://www.scribd.com/doc/6583518/English-20-Ma
http://www.scribd.com/doc/28531795/Mock-Paper-

5 DECEMBER 09 www.afterschool.tk 43
 Links

http://www.scribd.com/doc/14647398/English-Impr
http://www.scribd.com/doc/14660508/General-Know
http://www.scribd.com/doc/19628963/Mathematics
http://www.scribd.com/doc/19492878/Direct-and-In

5 DECEMBER 09 www.afterschool.tk 44
 Be

Quicker
faster
more accurate

5 DECEMBER 09 www.afterschool.tk 45
 ADDITIONAL LINKS
http://www.scribd.com/doc/11692763/Advanced-M
http://www.scribd.com/doc/23407929/Advanced-M
http://www.scribd.com/doc/11625819/Basic-Mathem
http://www.scribd.com/doc/23407954/mathematics-
http://www.scribd.com/doc/23407934/Advanced-M
http://www.scribd.com/doc/6583520/English-Afters
http://www.scribd.com/doc/23300964/Advanced-M
http://www.scribd.com/doc/23407945/MATHEMAT
5 DECEMBER 09 www.afterschool.tk 46
http://www.scribd.com/doc/6583303/Reasoning-Aft

5 DECEMBER 09 www.afterschool.tk 47
http://www.scribd.com/doc/23393680/REASONING
http://www.scribd.com/doc/23393719/reasonning-44
http://www.scribd.com/doc/6583347/DI-and-Reason
http://www.scribd.com/doc/23407636/10-July-reaso
http://www.scribd.com/doc/6583273/Reasoning-Qu
http://www.scribd.com/doc/23393476/10-July-reaso
http://www.scribd.com/doc/23393716/REASONING
http://www.scribd.com/doc/14705025/17-Reasoning
http://www.scribd.com/doc/23393478/10-July-reaso
5 DECEMBER 09 www.afterschool.tk 48
 Free download useful material ...

http://www.scribd.com/doc/23393316/general-know
http://www.scribd.com/doc/23609752/Group-Discus
http://www.scribd.com/doc/6583547/General-Know

5 DECEMBER 09 www.afterschool.tk 49
 THANKS....
GIVE YOUR SUGGESTIONS AND JOIN
AFTERSCHOOOL NETWORK / START
AFTERSCHOOOL SOCIAL
ENTREPRENEURSHIP NETWORK IN
YOUR CITY / CONDUCT WORKSHOP ON
SOCIAL ENTREPRENEURSHIP IN YOUR
COLLEGE / SCHOOL / CITY
AFTERSCHOOOL@IN.COM
JOIN OUR NETWORK TO PROMOTE
SOCIAL ENTREPRENEURSHIP
5 DECEMBER 09 www.afterschool.tk 50