Take FREE!! Online Mettl Mock Test to Crack TechM and Other Companies Written Exams.
Get Off-Campus Placement Jobs Info !!!
TCS NQT Technical and Managerial Round Interview Questions

# Aptitude::Profit and Loss

Home > Quantitative Aptitude > Profit and Loss > Subjective Solved Examples

Example 1 / 1

A man sells 5 articles for Rs. 15 and makes a profit of 20%. Find his gain or loss percent if he sells 8 articles for Rs. 18.40.
SP of 5 articles = Rs. 15
SP of 1 article = Rs. 3
Profit% = 20%
Therefore, CP = $$\frac{3}{120}$$ x 100
= Rs. $$\frac{10}{4}$$
Now, SP of 8 articles = Rs. 18.40
SP of 1 article = Rs. $$\frac{23}{10}$$
Hence, loss = $$\frac{10}{4}$$ - $$\frac{23}{10}$$
= Rs. $$\frac{8}{40}$$
And, loss% = $$\frac{8}{40}$$ x $$\frac{4}{10}$$ x 100
= 8% Ans.
CP = $$\frac{SP}{(100+Profit)}%$$
Loss= CP-SP
Loss%= $$\frac{LOSS}{CP}$$*100
NA
At first, find SP and CP of 1 article and find the loss%. Simply based on direct formula.