### Quantitative Aptitude - Profit and Loss

#### Question - 1

I gain 70 paise on Rs. 70. My gain percent is :

• A 0.1%
• B 1 %
• C 7 %
• D 10 %

#### Question - 2

In terms of percentage profit, which is the best transaction ?

• A C.P (in Rs.)                         Profit (in Rs.)   36                                          17
• B C.P (in Rs.)                         Profit (in Rs.)   50                                         24
• C C.P (in Rs.)                         Profit (in Rs.)   40                                          19
• D C.P (in Rs.)                         Profit (in Rs.)   60                                          29

#### Question - 3

The shopkeeper sells some toys at Rs.250 each.What percent profit does he make?To find the answer,which of the following information given in Statements I and II is/are necessary?

I.Number of toys sold.

II.Cost price of each toy.

• A Only I is necessary.
• B Only II is necessary.
• C Both I and II are necessary.
• D Either I and II are necessary.
• E None of these.

#### Question - 4

A shopkeeper sells some articles at the profit of 25% on the original price.What is the exact amout of profit?

To find the answer,which of the following information given in Statements I and II is/are necessary?

I.Sale price of the article.

II.Number of articles sold.

• A Only I is necessary.
• B Only II is necessary.
• C Either I and II are necessary.
• D Both I and II are necessary.
• E None of these.

#### Question - 5

By selling aproduct with 20% profit,how much profit was earned?

I.The difference between cost and selling price is Rs.40.

II.The selling price is 120 percent of the cost price.

• A If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
• B If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
• C If the data either in statement I or in the statement II are alone are sufficient to answer the question.
• D If the data even in both statements I and II together are not sufficient to answer the question.
• E If the data in both statements I and II together are necessary to answer the question.

#### Question - 6

What is the cost price of the article?

I.The profit earned on the articles is one-third of the cost price.

II.The article is sold for Rs.400.

• A If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
• B If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
• C If the data either in statement I or in the statement II are alone are sufficient to answer the question.
• D If the data even in both statements I and II together are not sufficient to answer the question.
• E If the data in both statements I and II together are necessary to answer the question.

#### Question - 7

What would have been the selling price per kg of rice?

I. 50 kg of rice was purchased for Rs.3350 and Rs.150 were spent on transport.

II. Profit earned was 5%.

• A If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
• B If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
• C If the data either in statement I or in the statement II are alone are sufficient to answer the question.
• D If the data even in both statements I and II together are not sufficient to answer the question.
• E If the data in both statements I and II together are necessary to answer the question.

#### Question - 8

How much was the loss?

I.The cost is Rs.300.

II.The loss is 25% of the selling price.

• A If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
• B If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
• C If the data either in statement I or in the statement II are alone are sufficient to answer the question.
• D If the data even in both statements I and II together are not sufficient to answer the question.
• E If the data in both statements I and II together are necessary to answer the question.

#### Question - 9

A man mixes two types of rice(X and Y) and sells the mixture at the rate of Rs.17 per kg.Find his profit percentage.

I.The rate of X is Rs.20 per kg.

II.The rate of Y is Rs.13 per kg

• A If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
• B If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
• C If the data either in statement I or in the statement II are alone are sufficient to answer the question.
• D If the data even in both statements I and II together are not sufficient to answer the question.
• E If the data in both statements I and II together are necessary to answer the question.

#### Question - 10

What is the percentage profit earned by selling the product?

I.The profit earned was Rs.50

II.Had it been sold for Rs.310,the profit would have been RS.70.

• A If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
• B If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
• C If the data either in statement I or in the statement II are alone are sufficient to answer the question.
• D If the data even in both statements I and II together are not sufficient to answer the question.
• E If the data in both statements I and II together are necessary to answer the question.