Profit and Loss : Aptitude Questions and Answers

Q21. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is :

A. 60/11 %

B. 32/7 %

C. 10 %

D. 12 %

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Correct Answer : 60/11 %


Q22. On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of :

A. 20%

B. 15%

C. 50/3 %

D. 97/6 %

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Correct Answer : 50/3 %


Q23. If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is :

A. 25% gain

B. 20% gain

C. 25% loss

D. 20% loss

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Correct Answer : 20% loss


Q24. A man buys 2 dozen bananas at Rs. 16 per dozen. After selling 18 bananas at the rate of Rs. 12 per dozen, the shopkeeper reduced the rate to Rs. 4 per dozen. The percent loss is :

A. 37.5%

B. 37.5%

C. 25.2%

D. 32.4%

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Correct Answer : 37.5%


Q25. A shopkeeper expects a gain of \mathbf{22\frac{1}{2}} % on his cost price. If in a week, his sale was of Rs. 392, what Was his profit ?

A. Rs. 70

B. Rs. 18.20

C. Rs. 72

D. Rs. 88.25

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Correct Answer : Rs. 72


Q26. When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must the plot be sold in order to gain 15% ?

A. Rs. 21,000

B. Rs. 22,500

C. Rs. 25,300

D. Rs. 25,800

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Correct Answer : Rs. 25,300


Q27. A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be :

A. 100

B. 120

C. 40

D. 140

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Correct Answer : 140


Q28. A man sold 18 cots for Rs. 16,800, gaining thereby the cost price of 3 cots. The cost price of a cot is :

A. Rs. 700

B. Rs. 800

C. Rs. 750

D. Rs. 650

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Correct Answer : Rs. 800


Q29. A shopkeeper sells one transistor for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. His total gain or loss percent is :

A. 100/17 % loss

B. 100/17 % gain

C. 20/3 % loss

D. 20/3 % gain

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Correct Answer : 100/17 % gain


Q30. On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is :

A. Rs. 60

B. Rs. 50

C. Rs. 55

D. Rs. 45

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Correct Answer : Rs. 60


 

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