Profit and Loss : Aptitude Questions and Answers

Q11. Some articles were bought at 6 for Rs. 5 and sold at 5 for Rs. 6. Gain percent is :

A. 30%

B. 35%

C. 100/3 %

D. 44%

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Correct Answer : 44%


Q12. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is :

A. 100/7 % loss

B. 100/7 % gain

C. 15 % loss

D. 15 % gain

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Correct Answer : 100/7 % gain


Q13. The ratio of the cost price and the selling price is 4 : 5. The profit percent is :

A. 30%

B. 25%

C. 20%

D. 10%

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Correct Answer : 25%


Q14. Peter purchased a machine for Rs. 80,000 and spent Rs. 5000 on repair and Rs. 1000 on transport and sold it with 25% profit. At what price did he sell the machine ?

A. Rs. 1,05,100

B. Rs. 1,17,500

C. Rs. 1,07,500

D. Rs. 1,06,250

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Correct Answer : Rs. 1,07,500


Q15. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article fer Rs. 1280. At what price should the article be sold to make 25% profit ?

A. Rs. 2200

B. Rs. 2400

C. Rs. 2000

D. Rs. 2600

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Correct Answer : Rs. 2000


Q16. The ratio between the sale price and the cost price of an article is 7 : 5. What is the ratio between the profit and the cost price of that article ?

A. 2 : 7

B. 5 : 2

C. 2 : 5

D. 7 : 2

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Correct Answer : 2 : 5


Q17. If on selling 12 notebooks, a seller makes a profit equal to the selling price of 4 notebooks, what is his percent profit ?

A. 75

B. 50

C. 25

D. 50/3

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Correct Answer : 50


Q18. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is :

A. 50%

B. 25%

C. 100/3 %

D. 200/3 %

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Correct Answer : 50%


Q19. Jacob bought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20% ?

A. Rs. 440

B. Rs. 500

C. Rs. 400

D. Rs. 550

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Correct Answer : Rs. 500


Q20. The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit ?

A. Rs. 920

B. Rs. 1200

C. Rs. 960

D. Rs. 1060

SHOW ANSWER
Correct Answer : Rs. 960


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