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1. Profit and Loss-Aptitude Profit and Loss-Aptitude
Questions and Answers Questions and Answers

2. 1. Cost price = Rs.60 Gain =35% what is Selling price
?
Ans :- 81
Explanations:-
SP = 135% of 60 = (135/100*60) = 81. Formulae: SP=
((100+gain%)/100)CP

3. 2) If suresh buys two sheeps at Rs.1500 each and sells
one at a gain of 15% and another at a loss of 15%.
How much does he gain or loss in the whole
transaction ?
Ans:- No loss No gain
Explanation:-
What ever he gain on the 1st sheep,the same he loss
on the other sheep.

4. 3) 20% loss on selling price is what percent loss on the
cost price ?
Ans :- 16 2/3 %
Explanation :-
Let SP = 100 , loss =20 , CP= 100+20 = 120 , loss% =
20/120*100 = 50/3 = 16 2/3

5. 4) If the cost price is 75% of the selling price ,then
what is the profit %age ?
Ans:- 33.33
Explanation :-Explanation :-
Let SP=100 , CP = 75, PROFIT = 25. Profit %=
25/75*100 =100/3 = 33.33

6. 5) A cloth merchant man says that due rainy in the
market ,he sells the cloth at 20% loss, but he uses a
false metre scale and actually gain 25%.Find the
actual lenth of the
scale ?
Ans:- 64
Explanation :-
True scale /false scale =(100+gain%) / (100 - loss%).
100/false scale = (100+25) / (100 - 20).
false scale = 100 * 80 /125 = 64.

7. 6) A cycle was purchased for Rs.1800 and sold for
Rs.1300.Find loss or profit ?
Ans:- loss
Explanation :-
Cost price of an cycle = Rs.1800 , selling price = 1300
Since SP < CP , there is a Loss .
gain = CP -SP =1800 - 1300 = 500., So Loss

8. 7) A dealer professes to sell his goods at cost price ,
but he uses a weight of 850g for the kg weight.Find
his gain percent ?
Ans :- 17 11/17
Explanation :-
Error = 1kg - 850g
= 1000g - 850g = 150g
Therefore , Gain% = 150 / 850 * 100.
= 17 11/17.

9. 8) A fruit seller sells two apples at Rs.10 each on one
he gain 30% and on the other he lost 30%.What is his
overall gain or loss in percentage ?
Ans:- 9
Explanation :-
Two articles sold at same price, making a profit of a%
on one and a loss of b% on the other ,there is loss
occurs on the whole transaction.
loss% = a²/100.
So, (30)²/100 = 900/100 = 9%.
Loss% = 9%

10. 9) A man bought a buffelow and a carriage for
Rs.3000,he sold the buffelow at a gain of 20% and the
carriage at a loss 10% thereby gaining 2% on the
whole .Find the cost of buffelow ?
Ans:- 1200
Explanation :-
Let the cost price of buffelow =Rs.x
Then the cost price of carriage =Rs. (3000 -x)
20% of x - 10% of (3000 - x) = 2% of 3000
==>x/5 - (3000 - x)/10 =60
==> 2x - 3000+x = 600
==> 3x = 3600 -----> x = 1200.

11. 10) A man buy a cycle for Rs.1600 and sells it at a loss
20%.what is selling price ?
Ans:- 1280
Explanation :-
SP = 80% of 1600 = 80/100*1600 = Rs.1280