APTITUDE | ARITHMATICAL | PROFIT AND LOSS | PROBLEMS BASED ON PROFIT AND LOSS 1

DIRECTIONS : Problems based on profit and loss .

1.	A man buys a cycle for Rs.1400 and sells it at a loss of 15%. What is the selling price of the cycle?
	A.   Rs. 1090	B.  Rs. 1160
	C.  Rs. 1190	D.  Rs. 1202

Solution

S.P = 85% of Rs.1400 = Rs.(85/100×1400) Rs.1190.

2.	When a commodity is sold for Rs.34.80, there is a loss of 2%. What is the cost price of the commodity?
	A.  Rs. 26.10	B.  Rs.43
	C.  Rs. 43.20	D.  Rs. 46.40

Solution

C.P = Rs.(100 / 75×34.80) = Rs.46.40.

3.	Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
	A.   3.5	B.  4.5
	C.  5.6	D.  6.5

Solution

C.P of 1 toy = Rs.(375/12) = Rs.31.25 S.P of 1 toy = Rs.33. Therefore,Profit = (1.75/31.25×100)% =(28/5)% =5.6%.

4.	A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%?
	A.  Rs.11.81	B.  Rs.12
	C.  Rs.12.25	D.  Rs.12.31

Solution

85 : 9 = 105 : x x= (9×105/80) = Rs.11.81 Hence, S.p per Kg = Rs.11.81

5.	A shopkeeper give 12% additional discount on the discounted price, after giving an initial discount of 20% on the labelled price of a radio. If the final sale price of the radio is Rs.704, then what is its labelled price?
	A.  Rs. 844.80	B.  Rs. 929.28
	C.  Rs. 1000	D.  Rs. 1044.80

Solution

Let the labelled price be Rs.x. 88% of 80% of x = 704 x=(704x100x100 /88x80) = 1000.