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# Profit and Loss Questions

Home > Quantitative Aptitude > Profit and Loss > General Questions
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I bought a book for Rs 60 , I sold off to a friend for Rs 70 but after a while i felt sorry , that i sold it and bought it back for Rs 80, how much loss did I incur?

ANo loss, no gain

BRs. 10

CRs. 15

DNone of these

Explanation:

Given, CP of the book = Rs. 60
And, SP of the book = Rs. 70
So, Profit = Rs. 10
Again, 2nd CP = Rs. 80
Hence, the total loss = (80 -70) = 10.

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How many kgs of wheat costing Rs.24 per kg must be mixed with 30 kgs of wheat costing Rs.18.40 per kg so that 15% profit can be obtained by selling the mixture at Rs.23 per kg?

A10

B12

C15

D20

Explanation:

S.P. of 1 kg mixture = Rs.23. Gain = 15%.
CP of 1 kg mixture = Rs.[(100/115) * 23] = Rs.20
Lets assume the quantity of wheat costing Rs.24 = x kgs.
Using weighted average rule = (x*24+30*18.4)/ (x+30)=20
=> x = 12.

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A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225 for it, the cost price of the bicycle for A is:

ARs. 110

BRs. 120

CRs. 125

DRs. 150

Explanation:

125% of 120% of A = 225.
=> 125/100 * 120/100 * A = 225
=> A = 225 * 2/3 = 150.

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A man sold two cows for Rs. 210 at a total profit of 5 %. He sold one cow at a loss of 10% and another at a profit of 10%. What is the price of each cow?

ARs. 100 & Rs. 50

BRs. 150 & Rs. 50

CRs. 150 & Rs. 75

DNone of these

Explanation:

Total 5% profit on Rs.210 i.e. Original Price= Rs. 200

Lets assume one cow price = Rs. x
so another cow price = Rs. (200-x)
Now loss of 10% on X = 10x/100
& profit of 10% on (200-x) =(200-x)10/100

=> x-[10 x /100] + [200 - x]+[(200 - x)10/100]=210

By Solving this x = 50

so one cow is of x = Rs. 50
and Other is of 200-x = (200-50) = Rs. 150

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John buys a cycle for 31 dollars and given a cheque of amount 35 dollars. Shop Keeper exchanged the cheque with his neighbor and gave change to John. After 2 days, it is known that cheque is bounced. Shop keeper paid the amount to his neighbor. The cost price of cycle is 19 dollars. What is the profit/loss for shop keeper?

Aloss 23

Bgain 23

Cgain 54

DLoss 54

Explanation:

Loss= Change of money given to john(4$)+actual cycle cost 19$=23\$ loss

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A Samsung duo and a Galaxy are bought for Rs.40000. The Duo is sold at a profit of 33.33% and the Galaxy is sold at a loss of 20%. There was no loss or gain. Find the cost price of the Samsung duo ?

ARs.15,000

BRs.25,000

CRs.20,000

DRs.18,000

Explanation:

Solution: Let the price of duo be x then price of galaxy will be 40000-x.

Acc. to the question S.P=C.P

So , 133.33x/100 80(40000-x)/100= 40000

Solving we get x=15000 Rs.

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The price of a book in four different shops and the successive discounts offered for the books is given below. Select the option in which the price of the book is the least.

A10%, 5%, and 5% discount on Rs.195

B12.5% and 12.5% discounts on Rs.205

C25%, discount on Rs.200

D10%, and 15% discounts on a marked price of Rs.190

Explanation:

P1=P[1-(d1/100)][1-(d2/100)][1-(d3/100)]...........[1-(dn/100)]
where d1,d2,d3...dn are discount rates
option D satisfy.

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On a given day, a bank had 16000 cheques returned by customers. Inspection of the first 800 cheques indicated that 100 of those 800 had errors and were therefore the available immediately for data processing. On this basis, hwo many cheques would be available immediately for data processing on that day?

A14000

B13520

C14500

DNone

Explanation:

It is given for every 800 cheques 100 are error
So (800-100)=700 error free
total 16000 cheques
so dividing them into 800 in each we get (16000/800)=20
so 20 sets of cheques (each 800) where each set has 700 error free
so 20*700=14000

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A man sold a book at loss of 10%.Had he sold it for 104rs more, he would have earned a profit of 10% .find the cost price of the book

ARs. 400

BRs. 520

CRs. 640

DRs. 840

Explanation:

Given loss=10% profit=10%
Difference of overall profit and loss=10-(-10)=20%
20% of cp =sp
20/100*cp=104
20*cp=104*100
cp=10400/20
=> cp=520

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A trader allows a discount of 5 percent to his customers. What price should he mark on a article the cost price of which is Rs. 800 so as to make clear profit of 25 percent on his outlay?

ARs.1000

BRs.1053

CRs.1200

DRs.11233

Explanation:

cp=800 , profit=25%
sp=800 * 125/100=1000
and
sp=marked price * (100-5)/100
1000=marked price * 95/100
marked price = 1052.6 = Rs.1053

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