Posted On:March 3, 2019, Posted By: Latest Interview Questions,
Views: 219, Rating :

Dear Readers, Welcome to __ Profit and loss - Aptitude Objective Questions__ have been designed specially to get you acquainted with the nature of questions you may encounter during your Job interview for the subject of

**Cost Price:**

The price, at which an article is purchased, is called its cost price, abbreviated as C.P.

**Selling Price:**

The price, at which an article is sold, is called its selling prices, abbreviated as S.P.

**Profit or Gain:**

If S.P. is greater than C.P., the seller is said to have a profit or gain.

**Loss:**

If S.P. is less than C.P., the seller is said to have incurred a loss.

1. Gain = (S.P.) - (C.P.)

2. Loss or gain is always reckoned on C.P.

3. gain% = [Gain*100/C.P.]

4. Loss = (C.P.) - (S.P.)

5. Loss% = [Loss*100/C.P.]

6. S.P. = (100+Gain%)/100 * C.P.

7. S.P. = (100-Loss%)/100 * C.P.

8. C.P. = 100/(100+Gain%) * S.P.

9. C.P. = 100/(100-Loss%) * S.P.

10. If an article is sold at a gain of say, 35%, then S.P. = 135% of C.P.

11. If an article is sold at a loss of say, 35%, then S.P. = 65% of C.P.

Sol. Let S.P. = Rs.100. Then, C.P. = Rs. 96; Profit = Rs.4.

=> Profit% = [4/96 * 100]% = 25/6 % = 4.17%.

Sol. S.P. = Rs. 27.50, Profit = 10%.

So, C.P. = Rs.[100/110*27.50] = Rs. 25. When S.P. = Rs. 25.75, profit = Rs. (25.75-25) = Re. 0.75.

=> Profit% = [0.75/25*100]% = 3%.

Sol.Let the new S.P. be Rs. x. then,

(100 - loss%) : (1st S.P.) = (100 + gain%) : (2nd S.P.)

=> [100-5/1140] = [100+5/x] ? x = [105*1140/95] = 1260.

Sol.56.25 * 1.2 = 67.5.

Sol.Loss = 490 – 465.5 = 24.5 loss in % = 24.5/ 490 *100 = 5%.

A. 12.50 %

B. 13.50 %

C. 14 %

D. 14.50 %

Ans: A

**Explanation:**

Let C.P. = Rs. 100. Then, marked price = Rs. 150.

S.P. = 75% of Rs. 150

= Rs. 112.50.

=> Gain% = 12.50%.

A. 12 %

B. 10 %

C. 15 %

D. 16 %

Ans: B

**Explanation:**

Let the marked price of each pen be Re. 1.

Then, C.P. of 40 pens = Rs. 36. S.P. of 40 pens = 99% of Rs. 40

= Rs. 39.60.

=> Profit% = [3.60/36 * 100]% = 10%.

A. 50 %

B. 60 %

C. 65 %

D. 100 %

Ans: A

A. 28.44 %

B. 38 %

C. 40.35 %

D. 42.85 %

Ans: D

**Explanation:**

Loss = 30% on CP i.e., 0.3CP => SP = 0.7CP Loss % on

SP = loss/SP * 100 = 0.3CP/0.7CP * 100 = 42.85%.

A. 30 %

B. 330/3 %

C. 31/3 %

D. 3.33 %

Ans: D

**Explanation:**

Total CP = 90000 & total SP = 93000

=> gain = SP/CP = 93000/90000 = 1.0333 = 3.33%.

A. No profit, no loss

B. 5%

C. 8%

D. 10%

Answer: B

**Explanation:**

C.P. of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.

S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680.

=> Gain = (80/1600x 100)% = 5%.

A. Rs. 21,000

B. Rs. 22,500

C. Rs. 25,300

D. Rs. 25,800

Answer: C

**Explanation:**

85 : 18700 = 115 : x

=> x = (18700 x 115/85) = 25300.

Hence, S.P. = Rs. 25,300.

A. Rs. 45

B. Rs. 50

C. Rs. 55

D. Rs. 60

Answer: D

**Explanation:**

(C.P. of 17 balls) - (S.P. of 17 balls) = (C.P. of 5 balls)

C.P. of 12 balls = S.P. of 17 balls = Rs.720.

C.P. of 1 ball = Rs.(720/12) = Rs. 60.

A. 400 Rs

B. 500 Rs

C. 450 Rs

D. 600 Rs

Answer: A

**Explanation: **

sell price = 125% of 319.60 = (125/100) * 319.60 = 399.50 = 400 Rs

A. Rs. 2800

B. Rs. 4200

C. Rs. 2100

D. Rs. 8400

Answer: B

**Explanation: **

Let C.P. of a mixer be Rs. x and that of a T,V. be Rs. y.

Then, 2x + y = 7000 and 2y + x = 9800.

Multiplying 2nd equatien by 2 and subtracting first from it, we get

3y = 19600 - 7000 = 12600 or y = 4200 C.P. of a T.V. = Rs. 4200

A. 10%

B. 50%

C. 25%

D. 52%

Answer: C

**Explanation: **

cost price = (225 + 15) = 240 sell price = 300

gain = (60/240)*100 = 25%

A. 14.4

B. 16.8

C. 16

D. 19.2

Answer: C

**Explanation: **

Total CP = (12*4 + 16 *2) = 80

SP of 6 dozen oranges = [(120/100 )* 80)] = 96

sell price per dozen =16

A. no loss or gain

B. gain of Rs. 1000

C. loss of Rs. 1000

D. gain of Rs. 2000

Answer: B

Total S.P. Rs, 24000.

C.P. of horse =Rs. [(100/80) x 12000] = 15000.

C.P. of cow = Rs.[(100/120) x 12000] = 10000

Total C.P. = Rs. 25000.

profit = Rs. (25000—24000)

= Rs 1000.

A. Rs 1.10

B. Rs 11

C. Rs 16.50

D. Rs 27.50

Answer: D

**Explanation: **

Cost price of 25 kg = Rs. (15 x 14.50 + lOx 13) = Rs. 347.50.

Sell price of 25 kg = Rs. (25 x 15) = Rs. 375.

profit = Rs. (375 — 347.50)

= Rs. 27.50.

A. 7

B. 12

C. 8

D. 60

Answer: A

**Explanation: **

Gain % = (164.36*100/2400) = 6.84% = 7% approx

A. 10

B. 19

C. 12

D. 22

Answer: C

**Explanation: **

Suppose he bought 5 kg and 3 kg of tea.

Cost Price = Rs. (5 x 18 + 3 x 20) = Rs. 150.

Sell price = Rs. (8 x 21) = Rs. 168.

profit % = (18/150) * 100 = 12%

A. 18%

B. 20%

C. 22%

D. 24%

Answer: B

**Explanation:**

Let the cost price = Rs 100

then, Marked price = Rs 135

Required gain = 8%,

So Selling price = Rs 108

Discount = 135 - 108 = 27

Discount% = (27/135)*100 = 20%

A. Rs15

B. Rs 20

C. Rs 22

D. Rs 25

Answer: C

**Explanation:**

As question states that rate was of pair of articles,

So rate of One article = 37.40/2 = Rs. 18.70

Let Marked price = Rs X

then 85% of X = 18.70

=> X = 1870/85

= 22

A. 51:52

B. 52:53

C. 53:54

D. 54:55

Answer: B

**Explanation:**

Let the Cost price of article is Rs. x

Required ratio = 104% of x / 106% of x

= 104 / 106

= 52 / 53

= 52:53

A. 13.13%

B. 13.33%

C. 13.36%

D. 13.63%

Answer : D

**Explanation:**

Gain % = 1000/880 => 1. 1363 => 13.63%