Quantitative Aptitude - Profit and Loss

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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.