Solutions For 50 Aptitude Questions On Profit and Loss Questions

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Solutions for 50 Aptitude Questions on Profit and Loss Questions:
13
1).Rahul purchased a scooter at 15 of its selling price and sold it at 12% more than its selling
price. His gain is:
13 28
Let S.P. be Rs. x. Then, C.P. =Rs. 15 x, Receipt = 112% of Rs. x = Rs. 25 x.
28x 13x 19x

Gain = Rs. ( 25 ) = Rs. .
15 75
19x 15 380 3
Gain %= ( 75 13x 100)% = % = 29 13%.
13
Answer is: b
2).A man buys an article for 10% less than its value and sells it for 10% more than its value.
His gain or loss percent is:
Let the article be worth Rs. x
9x 11x
C.P. = 90% of Rs. x = Rs. , S. P. = 110% of Rs. x = Rs. .
10 10
11x 9x x
Gain = Rs. ( 10 ) = Rs. 5.
10
x 10 2
Gain % = (5 9 100)% = 22 9 % > 20%
Answer is: d
3).Samant bought a microwave oven and paid 10% less than the original price. He sold it with
30% profit price he had paid. What percentage of profit did Samant earn on the original price?
Let original price = Rs. 100
130
Then C.P. = Rs. 90. S.P. = 130% of Rs. 90 = Rs. (100 90) = Rs. 117
Required percentage =m (117 100) % = 17%
Answer is: a
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4).If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost
of the article is:
x
Let C.P. ne Rs. x Then, 5% of x= (350 340) = 10 => 20 = 10 => = 200
Answer is: c
5).If a man reduces the selling price of a fan from Rs. 400 to Rs. 380, his loss increases by
2%. The cost price of the fan is:
x
Let C.P. be Rs x. Then, 2% of x = (400 380) = 20 => 50 = 20 => = 1000.
Answer is: d
6).An article when sold at a gain of 5% yields Rs. 15 more than when sold at a loss of 5%. Its
cost price would be:
105 95 10x
Let C.P. be Rs x. Then, 100 x x = 15 => = 15 => = 150
100 100
Answer is: a
1
7).A shopkeeper sells an article at a loss of 122 %. Had he sold it for Rs. 51.80 more, he would
have earned a profit of 6%. The cost price of the article is:
1
Let C.P. be Rs .x. Then, (106% of x) (872 % of x) = 51.80
1 51.801002
182 % of x = 51.80 => = = 280.
37
Answer is: a
8).The difference between the cost price and sale price of an article is Rs. 240. If the profit is
20%, the selling price is:
Let the C.P. be Rs. x

120 6x
Then, S.P. = 120% of Rs. x = Rs. (x 100 ) = Rs. 5
6x
x = 240 => = 1200
5
6
S.P. = Rs. (5 1200) = Rs. 1200
Answer is: d
1
9).A dealer sold an article at a loss of 22 %. Had he sold it for Rs. 100 more, he would have
1 1
gained 72 %. To gain 122 %, he should sell it for:
Let C.P. be Rs. Then.
1 1
(1072 % of x) (97 2% of x) = 100 => 10% of x = 100 => x = 1000.
1 225 1
Desired S.P. = 1122 % of Rs. 1000 = Rs. 100 1000 = Rs. 1125.
2
Answer is: d
10).The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs.
3. The ratio of the two selling prices is
104% of x 104 52
Let C.P. of the article be Rs. x. Then, Required ration= 106% of x = = 53 = 52: 53
106
Answer is: b
11).A shopkeeper sells two watches for Rs. 308 each. On one he gets 12% profit and on the
other 12% loss. His profit or loss in the entire transaction was:
Common Loss and Gain 2 12 36 11

Loss% = ( % = (10 )2 % = 25 % = 1 25 %
10
Answer is: b
12).A man sells two flats at the rate of Rs. 1,995 lakhs each. On one he gains 5% and on the
other, he loses 5%. His gain or loss percentage in the whole transaction is:
5
Loss % = (10 )2 % = 0.5 2 % = 0.25%
Answer is: a
13).A man sells two commodities for Rs. 4000 each, neither losing nor gaining in the deal. If he
sold one commodity at a gain of 25%, the other commodity is sold at a loss of:
Total S.P. = Rs. 8000 and Total C.P. = Rs. 8000
S.P. of 1st commodity = Rs. 4000. Gain on it = 25%
100
C.P. of 1st commodity = Rs. (125 4000) = Rs. 3200
C.P. of 2nd Commodity = Rs. (8000 3200) Rs. 4800.
S.P. of 2nd commodity = Rs. 4000
800 2
Loss on 2nd commodity = (48800 100)% = 16 3 %
Answer is: a
14).A house and a shop were sold for RS. 1 lakh each. In this transaction, the house sale
resulted into 20% loss whereas the shop sale resulted into 20% profit. The entire transaction
resulted in:
Total S.P. = Rs. 2 lakh
100 5
C.P of house = Rs. ( 80 1) lakh = Rs. 4 lakh
100 5
C.P. of shop = Rs. (120 1) lakh = Rs. 6 lakh
5 5 25
Total C.P. = Rs. (4 + 6) lakh = Rs. 12 lakh
25 1
Loss = Rs. (12 2) lakh = Rs. 12 lakh
Answer is: b
15).Ranjan purchased 120 tables at a price of Rs. 110 per table. He sold 30 tables at profit of
Rs. 12 per table and 75 tables at a profit of Rs. 14 per table. The remaining tables were sold at
a loss of Rs. 7 per table. What is the average profit per tables?
Total C.P. = Rs. (120 110) = . 13200
Total S.P. = Rs. [(30 110 + 30 12) + 75 110 + 75 14 + (15 110 15 7)
= Rs. 14505
14505 13200 1320

Average profit = Rs. ( ) = Rs. Rs. 10.875.
120 120
Answer is: b
16).Hemant sold 10 sarees for a total profit of Rs. 460 and 12 sarees for a total profit of Rs.
144. At what profit per saree should he sell the remaining 20 sarees so that he gets an
average profit of Rs. 18 per saree?
Total profit required = Rs. (42 18) = . 756.
Profit on 22 sarees = Rs. (460+144) Rs. 604
Profit on 22 sarees = Rs. (756-604) Rs. 152
152
Average profit on these sarees = Rs. ( 20 ) = Rs. 7.60
Answer is: b
17).Sanket purchased 20 dozen notebooks at Rs. 48 per dozen. He sold 8 dozen at 10% profit
and the remaining 12 dozen with 20% profit. What is his profit percentage in the transaction?
C.P. of 20 dozen = Rs. (48 20) = . 960
C.P. of 8 dozen = Rs. (48 8) = . 384

C.P. of 12 dozen = Rs. (960-384) Rs. 576
110 120
Total S.P. = Rs. (100 384 + 100 576) = Rs. 1113.60.
153.60
Profit% = ( 100)% = 16%
960
Answer is: c
3
18).A man purchased sugar worth Rs. 400. He sold 4 th at a loss of 10% and the remainder at
a gain of 10%. On the whole, he gets:
3 3 1
C.P. of 4 th = Rs. 400 = Rs. 300, C. P. of 4 th = Rs. 100
4
Total S.P. = (90% of Rs. 300+110% of Rs. 100) = Rs. 380.
20
Loss = (400 100)% = 5%
Answer is: a
2
19).A businessman sold 3 of his stock at a gain of 20% and the rest at a gain of 14%. The
overall percentage of gain to the businessman is:
2 2x 1 x
Let C.P. of whole be Rs. x C.P. of 3 rd = Rs. , C. P. of 3 rd = Rs. 3
3
2x x 4x 19x 59x
Total S.P. = Rs [(120% of ) + (114% of 3)] Rs. ( 5 + ) = Rs.
3 50 50
59x 9x
Gain = Rs. ( 50 - x) = Rs. 50
9x 1
Gain% = (50 x 100)% = 18%
Answer is: c
20).A cloth merchant sold half of his cloth at 20% profit, half of the remaining at 20% loss and
the rest was sold at the cost price. In the total transaction, his gain or loss will be:
1 x 1 x
Let C.P. of whole be Rs. x. C.P. of 2 stock = Rs. 2 , C. P. of stock = Rs. 4
4
x x x 3x x x 21x
Total S.P. = Rs. [(120% of2) + (80% of2) +4] = Rs. ( 5 + 5 + 4) = Rs. 20
21x x
Gain = Rs. ( 20 x) = Rs. 20.
x 1
Gain%= (20 x 100) % = 5%
Answer is: c
21).A person purchases 90 clocks and sells 40 clocks at a gain of 10% and 50 clocks at a gain
of 20%. If he sold all of them at a uniform profit of 15%, then he would have got Rs. 40 less.
The cost price of each clock is:
Let C.P. of each clock be Rs. x. Then, C.P. of 90 clocks = Rs. 90x
[(110% of 40x) + (120% 0f 50x)] (115% of 90x) = 40
44x+60x-103.5 = 40=> 0.5x = 40 => x=80.
Answer is: c
22).A person earns 15% on an investment but losses 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?
Let the investments be 3x and 5x. Then, total investment = 8x
Total receipt = (115% of 3x + 90% of 5x) = (3.45x + 4.5x) = 7.95x
0.05x
Loss = ( 100)% = 0.625%
8x
Answer is: d
23).A man bought goods worth Rs. 6000 and sold half of them at a gain of 10%. At what gain
percent must he sell the remainder so as to get a gain of 25% on the whole?
Let the required gain percentage be x%

Then, (110% of 3000) + [(100+x% 0f 3000] = 125% of 6000
110 100+x 125

(100 3000) + 3000 = 6000
100 100
30 (100+x) = 4200 =>100 + x = 140=> x = 40%
Answer is: d
24).A fruit seller has 24 kg of apple. He sells a part of these at a gain of 20% and the balance
at a loss of 5%. If on the whole he earns a profit of 10%, the amount of apples sold at a loss is:
Let the quantity sold at a loss be x kg and let C.P. per kg be Re. 1
Total C.P. = Rs. 24
6 19x 5755x
Total S.P. = Rs. [120% of (24 x) + 95% of x] = Rs. [5 24 x + ] = Rs. ( )
20 20
576 5x 576 5x 264

= 110% of 24 => = => 576 5= 528
20 20 10
5x = 48 => x = 9.6 kg.
Answer is: c
25).Two-third of a 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 (in Rs) was:
2 2x 1 x
Let the total value be Rs. x. Value of 3 rd = Rs. , Value of 3 rd = Rs. 3
3
2x x 210 x 98x 308x

Total S.P. = Rs. [(105% of ) + (98% of )] = Rs. ( + ) = Rs.
3 3 300 300 300
308x 8x 400 300

x = 400 => = 400 => = = 15000.
300 300 8
Answer is: c

26).A trader purchases a watch and a wall clock for Rs. 390. He sells them making a profit of
10% on the watch and 15% on the wall clock. He earns a profit of Rs. 5250. The difference
between the original prices of the wall clock and the watch is equal to:
Let C.P. of watch be Rs. x. Then, C.P. of wall clock = Rs. (390 x).
10 15 515
(10% of x) + [15% of (390 x)] = 51.50 => 100 x + 100 390 x = 10
10x + 5850 15x = 5150 => 5x = 700 => x = 140.
So, C.P. of watch = Rs. 140, C.P. of wall clock = Rs. 250.
Difference = Rs. (250 140) = Rs. 110.
Answer is: c
27).Albert buys 4 horses and 9 cows for Rs. 13,400. If he sells the horses at 10% profit and the
cows at 20% profit, then he earns a total profit of Rs. 1800. The cost of a horse is:
Let C.P. of each horse be Rs. x and C.P. of each cow be Rs. Y. Then,
4x + 9y = 13400 .. (i)
And, 10% of 4x + 20% of 9y = 1880
2 9
x + 5 y = 1880 => 2x+9y= 9400 ..(ii)
5
Solving (i) and (ii), we get: x= 2000 and y = 600.
Cost price of each horse = Rs. 2000.
Answer is: b

28).A man purchases two clocks A and B at a total cost of Rs. 650. He sells A with 20% profit
and B at a loss of 25% and gets the same selling price for both the clocks. What are the
purchasing prices of A and B respectively?
Let C.P. of clock A be Rs. x and that of clock B be Rs. (650 x). Then,
120 8
120% of x = 75% of (650 x) => 650 x = x= x
75 5
13 6505
x = 650 => = = 250
5 13
C.P. of A = Rs. 250, C.P. of B = Rs. 400
Answer is: b
29).The C.P. of two watches taken together is Rs. 840. If by selling one at a profit of 16% and
the other at a loss of 12%, there is no loss or gain in the whole transaction, then the C.P. of the
two watches are respectively:
Let the C.P. of the watches be Rs. x and Rs. (840 x)
(116% of x) + (188% of (840 x) = 840
116x + 73920 88x = 84000 => 28x = 10080 => x = 360.
Their cost prices are Rs. 360 and Rs. 480
Answer is: a
30).On selling a chair at 7% loss and a table at 17% gain, a man gains Rs. 296. If he sells the
chair at 7% gain and the table at 12% gain, then he gains Rs. 400. The actual price of the table
is:
Let C.P. of the chair be Rs. x and that of the table be Rs. y
Then, 17% of y 7% of x = 296 => 17y 7x = 29600. (i)

And, 12% of y + 7% of x = 400 => 12y + 7x = 40000.. (ii)
Solving (i) and (ii), we get: y = 2400 and x = 1600.
C.P. Of table = Rs. 2400.
Answer is: d
31).A shopkeeper offers 2.5% discount on cash purchases. What cash amount would Rohan
pay for a cycle, the market price of which is Rs. 650?
1 195 1
S.P. = 972 % of Rs. 650 = Rs. 100 650 = Rs. 633.75
2
Answer is: b
32).If a company sells a car with a market price of Rs. 2, 72,000 and gives a discount of 4% on
Rs. 2, 00,000 and 2.5% on the labeled price. If the labeled price charged by the company for
the car is:
M.P. = Rs. 272000.
Discount = Rs. [(4% of 200000) + (2.5% of 72000)] = Rs. (8000 + 1800) = Rs. 9800.
Actual price = Rs. (272000 9800) = Rs. 262200.
Answer is: d
33).Garima purchased a briefcase with an additional 10% discount on the reduced price after
deducting 20% on the labeled price. If the labeled price was Rs. 1400, at what price did she
purchase the briefcase?
90 80
C.P. =90% of 80% of Rs. 1400 = Rs. (100100 14000) = Rs. 1008
Answer is: b

34).A bag marked at Rs. 80 is sold for Rs. 68. The rate of discount is:
12
Rate of discount = (80 100)% = 15%
Answer is: b
35).A pair of article was bought for Rs. 37.40 at a discount of 15%. What must be the marked
price of each of the articles?
27.40
S.P. of each article = Rs. ( ) = Rs. 18.70
2
Let M.P. be Rs. x
18.70100
Then, 85% of x = 18.70 => x = ( ) = 22
85
Answer is: b
36).A shopkeeper gives 12% additional discount on the discounted price, after giving an initial
discount of 20% on the labeled price of a radio. If the final sale price of the radio is Rs. 704,
then what is its labeled price?
Let the labeled price be Rs. x.
704100100
88% of 80% of x = 704 => x = ( ) = 1000
8880
Answer is: c
37).A fan is listed at Rs. 1500 and a discount of 20% is offered on the list price. What
additional discount must be offered to the customer be bring the net price to Rs. 1104?
80
S.P. after 1st discount = Rs. (100 1500) = Rs. 1200
Net S.P. = Rs. 1104. Discount on Rs. 1200 = Rs. 96
96
Required discount = (1200100) % = 8%

Answer is: a
38).A discount of 15% on one article is the same as a discount of 20% on another article. The
cost of the two articles can be:
x 20 4
Let the costs of the two articles be x and y. Then, 15% of x = 20% of y => y = 15 = 3
So, x and y must be in the ratio of 4:3
Answer is: c
39).If the S.P. of Rs. 24 results in a 20% discount on list price, what S.P. would result in a 30%
discount on list price?
Let the list price be Rs. x.
80 24100
x = 24 => x = = 30
100 80
Required S.P = 70% of Rs. 30 = Rs. 21
Answer is: c
40).An article was sold for RS. y after giving a discount of X%. Then, its list price is:
Let the list price be Rs. x
100x 100y
(100-x)% of z = y => ( ) z = y => = (100x)
100
Answer is: c
41).Jatin bought a refrigerator with 20% discount on the labeled price. Had he bought it with
25% discount, he would have saved Rs, 500. At what price did he buy the refrigerator?
Let the labeled price be Rs. x. Then,
500100
(80% of x) (75% of x) = 500 = > x = ( ) = 10000.
5

Answer is: b
42).A manufacturer offers a 20% rebate on the marked price of a product. The retailer offers
another 30% rebate on the reduced price. The two reductions are equivalent to a single
reduction of:
Let marked price be Rs. 100.
70 80
Then, Final S.P. = 70% of 80% of Rs. 100 = Rs. ( 100) = Rs. 56
100 100
Single discount = (100 56) % = 44%
Answer is: b
43).Successive discounts of 10%, 12% and 15% amount to a single discount of:
Let marked price be Rs. 100
85 88 90
Then, S.P. = 85% of 88% of 90% of Rs. 100 = Rs. ( 100) = Rs. 67.32
100 100 100
Single discount = (100 67.32) % = 32.68%
Answer is: a
44).List price of an article at a showroom is Rs. 2000 and it is being sold at successive
discounts of 20% and 10%. Its net selling price will be:
90 80
S.P. = 90 % 0f 95 % of Rs. 2000 = Rs. (100 100 2000) = Rs. 1440
Answer is: b
45).Find the selling price of an article if a shopkeeper allows two successive discounts of 5%
each on the marked price of Rs. 80
95 95
S.P. = 95 % of 95 % of Rs. 80 = Rs. (100 100 80) = Rs. 72.20

Answer is: d
46).The price of a VCR is marked at Rs. 12,000. If successive discounts of 15%, 10% and 5%
be allowed, then at what price does a customer buy it?
Actual price = 95 % of 90 % of 85 % of Rs. 12000
95 90 85
Rs. (100 100100 12000) = Rs. 8721.
Answer is: b
47).After successive discounts of 12% and 5% an article was sold for Rs. 209. What was the
original price of the article?
Let the original price be Rs. x. Then
209100100
95 % of 88 % of x = 209 => x = ( ) = 250
9588
Answer is: b
48).Applied to a bill for RS. 1, 00,000, the difference between a discount of 40% and two
successive discounts of 36% and 4% is:
S.P. in 1st case = 60% of Rs. 100000 = Rs. 60000.
S.P. in 2nd case = 96% of 64% of Rs. 100000
96 64
Rs. (100100 1000000) = Rs. 61440
Difference = Rs. (61440 60000) = Rs. 1440
Answer is: b
49).The difference between a discount of 35% and two successive discounts of 20% on a
certain bill was Rs. 22. Fine the amount of the bill.

Let the amount of the bill be Rs. x. Then,
65 80 80
(65 % of x) (80% of 89% of x) = 22 => (100 x) 100 x = 22
100
65 64 x
100 x = 22 => = 22 => = 2200
100 100
Answer is: d
50).Two shopkeepers announce the same price of Rs. 700 for a sewing machine. The first
offers successive discounts of 30% and 6% while the second offers successive discounts of
20% and 16%. The shopkeeper that offers better discount, charges. Less than the other
shopkeeper.
94 70
S.P. in 1st case = 94% of 70% of Rs. 700 = Rs. (100 100 700) = Rs. 460.60
84 80
S.P. in 2nd case = 84% of 80% of Rs. 700 = Rs. (100 100 700) = Rs. 470.40
Difference = Rs. (470.40 460.60) = Rs. 9.80
Answer is: a
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www.ibpsguide.

com SOLUTIONS FOR APTITUDE QUESTIONS ON PROFIT AND LOSS

Solutions for 50 Aptitude Questions on Profit and Loss Questions:

price. His gain is:

28x 13x 19x

His gain or loss percent is:

Let the article be worth Rs. x

Let original price = Rs. 100

Required percentage =m (117 100) % = 17%

of the article is:

2%. The cost price of the fan is:

cost price would be:

20%, the selling price is:

Let the C.P. be Rs. x

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Let C.P. be Rs. Then.

3. The ratio of the two selling prices is

Common Loss and Gain 2 12 36 11

Total S.P. = Rs. 8000 and Total C.P. = Rs. 8000

S.P. of 1st commodity = Rs. 4000. Gain on it = 25%

C.P. of 2nd Commodity = Rs. (8000 3200) Rs. 4800.

S.P. of 2nd commodity = Rs. 4000

Total S.P. = Rs. 2 lakh

Total C.P. = Rs. (120 110) = . 13200

Total S.P. = Rs. [(30 110 + 30 12) + 75 110 + 75 14 + (15 110 15 7)

14505 13200 1320

average profit of Rs. 18 per saree?

Total profit required = Rs. (42 18) = . 756.

Profit on 22 sarees = Rs. (460+144) Rs. 604

Profit on 22 sarees = Rs. (756-604) Rs. 152

C.P. of 20 dozen = Rs. (48 20) = . 960

C.P. of 8 dozen = Rs. (48 8) = . 384

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C.P. of 12 dozen = Rs. (960-384) Rs. 576

a gain of 10%. On the whole, he gets:

Total S.P. = (90% of Rs. 300+110% of Rs. 100) = Rs. 380.

overall percentage of gain to the businessman is:

The cost price of each clock is:

[(110% of 40x) + (120% 0f 50x)] (115% of 90x) = 40

44x+60x-103.5 = 40=> 0.5x = 40 => x=80.

Let the investments be 3x and 5x. Then, total investment = 8x

Total receipt = (115% of 3x + 90% of 5x) = (3.45x + 4.5x) = 7.95x

Let the required gain percentage be x%

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Then, (110% of 3000) + [(100+x% 0f 3000] = 125% of 6000

110 100+x 125

30 (100+x) = 4200 =>100 + x = 140=> x = 40%

Total C.P. = Rs. 24

576 5x 576 5x 264

5x = 48 => x = 9.6 kg.

2x x 210 x 98x 308x

308x 8x 400 300

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10x + 5850 15x = 5150 => 5x = 700 => x = 140.

Difference = Rs. (250 140) = Rs. 110.

And, 10% of 4x + 20% of 9y = 1880

Solving (i) and (ii), we get: x= 2000 and y = 600.

Cost price of each horse = Rs. 2000.