APTITUDE | ARITHMATICAL | PROFIT AND LOSS | PROBLEMS BASED ON PROFIT AND LOSS 2

DIRECTIONS : Problems based on profit and loss .

6.	A man sells two flats at the rate of Rs.1.995 lakhs each. On one he gains 5% and on the other, he loses 5%. His gain or loss percent in the whole transaction is
	A.   0.25% loss	B.   0.25% gain
	C.   2.5% loss	D.  25% loss

Solution

Loss % = (5/ 10) ²% =(0.5) ²% = 0.25%.

7.	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. 1,06,250
	C.  Rs. 1,07,500	D.  Rs. 1,17,500

Solution

C.P = Rs.(80000+5000+1000) = Rs.86000 Profit= 25%. S.P = 12.5% of Rs. 86000 =Rs.(125/100×86000) =Rs.107500.

8.	A shopkeeper expects a gain of 22½% on his cost price. If in a week, his sale was of Rs.392, what was his profit?
	A.  Rs. 18.20	B.  Rs. 70
	C.  Rs. 72	D.  Rs. 88.25

Solution

C.P = Rs.(100/122.50x392) = Rs.(1000/1225×392) = Rs.320. Therefore, Profit = Rs.(392-320) = Rs.72.

9.	By selling a pen for Rs.15, a man loses one sixteenth of what it costs him.The cost price of the pen is
	A.  Rs. 16	B.  Rs. 18
	C.  Rs. 20	D.  Rs. 21

Solution

Let the C.P be Rs.x.Then, x-15=x/16 ‹=›x-x/16 = 15 15x/16=15 x = 16. Therefore, C.P= Rs.16.

10.	A shopkeeper professes to sell his goods at cost price but uses a weight of 800 gm instead of kilogram weight.Thus, he makes a profit of
	A.  20%	B.  22%
	C.  25%	D.  None of these

Solution

Therefore,Profit =(200/800×100)% = 25%.