Top 100+ Profit and Loss Aptitude Questions and Answers - 1

Question: 1

Arun bought 15 kg of dal at the rate of Rs.14.50 per kg and 10 kg at the rate of Rs.13 per kg. He mixed the two and solid the mixture at the rate of Rs.15 per kg. What was his total gain in this transaction?

(A) Rs. 11

(B) Rs. 16.50

(D) Rs. 35.50

View Answer

Ans: C

C.P. of 25 kg = Rs. (15 × 14.50 + 10 × 13) = Rs. 347.50

S.P. of 25 kg = Rs. (25 × 15) = Rs. 375

∴ Gain = Rs. (375 – 347.50) = Rs. 27.50

Question: 2

Siva bought 4 dozen oranges at Rs. 12 per dozen and 2 dozen oranges at Rs. 16 per dozen. He sold them all to earn 20% profit. At what price per dozen did he sell the oranges?

(A) Rs. 16

(B) Rs. 16.80

(D) Rs. 19.80

View Answer

Ans: A

Total C.P. = Rs. (12 × 4 + 16 × 2) = Rs. 80

S.P. of 6 dozen oranges = Rs. $$({120}/{100} × 80)$$ = Rs. 96

S.P. per dozen = Rs. 16

Question: 3

A wholesaler gains 25% by selling a commodity and a retailer gains 30% by selling it. If the retail value of that commodity is Rs. 325, then the wholesale value is

(A) Rs. 180

(B) Rs. 200

(D) Rs. 245

View Answer

Ans: B

Retailer’s value = $$({100} / {130} × 325)$$ = Rs. 250

Wholesaler’s value = $$({100} / {125} × 250)$$ = Rs. 200

Question: 4

A table is offered for Rs.300 with 20% and 10% off. If in addition, a discount of 5% is offered on cash payment, then the cash price of the table is

(A) Rs. 205.20

(B) Rs.210

(D) Rs. 240

View Answer

Ans: A

Cash price = 95% of 90% of 80% of Rs. 300

= $$({95} / {100} × {90} / {100} × {80} / {100})$$ × 300

= 205.20.

Question: 5

Prajan buys mangoes at the rate of 3 kg for Rs.21 and sells them at 5 kg for Rs.50. To earn Rs.102 as profit, he must sell

(A) 32 kg

(B) 34 kg

(D) 56 kg

View Answer

Ans: B

Rate of purchase = Rs. 7 per kg.

Rate of selling = Rs. 10 per kg.

To gain Rs. 3, he must purchase = 1 kg.

To gain Rs. 102, he must buy = $$({1} / {3} × 102)$$ kg = 34 kg.

Top 100+ Profit and Loss Aptitude Questions and Answers - 1

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