 # Quantitative Aptitude: Profit and Loss Set 2 (Basic Questions)

Basic Profit and Loss Questions with tricks for all banking, insurance, SSC and other exams.

1. By selling 20 articles, a person gains CP of 5 articles. Find the profit% incurred by him.
A) 33 1/3%
B) 25%
C) 20%
D) 16 2/3%
E) None of these
Option B
Solution:

Profit = SP – CP
CP of 5 articles = SP of 20 article – CP of 20 articles
So CP of 25 articles = SP of 20 articles
Profit% = 5/20 * 100 = 25%
2. A person wants to sell his goods at 20% profit after allowing a discount of 16 2/3% on marked price. How much % above the cost price should he mark his article?
A) 20%
B) 36 2/3%
C) 34 5/6%
D) 44%
E) 38%
Option D
Solution:

Use formula:
MP = (100+p%)/(100-d%) * CP
OR
Profit%= 20% = 1/5 (profit = 1, CP = 5)
SP = CP+P = 5+1 = 6……(1)
Discount% = 16 2/3% = 50/3% = 1/6 (discount = 1, MP = 6)
Mp – discount = SP
6 – 1 = 5…………(2)
Make SP equal in both equations (1) and (2)
Multiply (1) by 5 and (2) by 6
so CP : SP : MP = 25 : 30 : 36
So see CP and MP, required % = (36-25)/25 * 100 = 44%
3. Three successive discounts of 20%, 25% and 16 2/3% is equivalent to
A) 50% profit
B) 56 2/3% profit
C) 40% loss
D) 125/3% loss
E) 25/6% profit
Option A
Solution:

Use successive formula:
a + b + a*b/100
So – 20 – 25 + 20*25/100 = -40%
Next: -40 – 50/3 + (50)(50/3)/100 = -50%
OR
20% = 1/5 5 -> 4
25% = 1/4 4 -> 3
16 2/3% = 1/6 6 -> 5
Cancel out like this: 4. After selling a table worth Rs 12000 at 20% loss, a trader buys a TV with the same money. Next he sold the TV at 20% profit. What is his profit/loss in the whole transaction?
A) Rs 480 loss
B) Rs 450 loss
C) Rs 480 gain
D) No profit no loss
E) Rs 420 gain
Option A
Solution:

12000 – 2400 (20% loss) = 9600
9600 + 1920 (20% profit on 9600) = 11520
So 12000 – 11520 = 480 Rs loss
5. A sold a watch to B at 10% loss. B sold it to C at 11.11% loss and c again sold it to A at 12.5% profit. How much profit/loss % is incurred by A?
A) 10% profit
B) 12% profit
C) 10% loss
D) 15% loss
E) No profit no loss
Option E
Solution:

A to B to C
A to B 10% loss, 10% = 1/0. So SP for A = 10-1 = 9
B to C 11.11% loss, 11.11% = 1/9, so SP for B = 9-1 = 8
C to A 12.5% profit, 12.5% = 1/8, so SP for C or CP for A = 1+8 = 9
A first sold to B at 9, and after he got from C at 9, so no profit no loss
6. After selling an article at some price, a trader gain 20% on the selling price. Find his profit% on the cost price.
A) 50%
B) 33 1/3%
C) 16 2/3%
D) 25%
E) 15 1/5%
Option D
Solution:

Profit = 20% on SP
20% = 1/5, (1 – profit, 5 – SP)
CP = SP – Profit
4 = 5 – 1
so profit% on CP = profit/CP *100 = 1/4 * 100 = 25%
7. A man bought some toffees at the rate of 3 toffees per Re. and same number at the rate of 2 toffees per Re. He mixes them and sold 3 toffees for Rs 2. Find his profit/loss% in the whole transaction.
A) 20% loss
B) 20% profit
C) 60% loss
D) 60% profit
E) None of these
Option D
Solution:

Case 1: 3 toffees per Re so 6 toffees for Rs 2
Case 2: 2 toffees per Re so 6 toffees for Rs 3
Total CP of 12 toffees = 2+3 = 5
Now he sold at 3 for Rs 2. So 12 toffees for Rs 8
Now CP = Rs 5, SP = Rs 8, so profit% = 3/5 * 100 = 60% profit
8. A shopkeeper sold his articles at cost price. But he used false weights and gives 800 gm instead of 1 kg. Find his profit%.
A) 16 2/3%
B) 20%
C) 10%
D) 33 1/3%
E) None of these
Option E
Solution:

CP of 1000 gm = SP of 800 gm
So gain% = (1000-800)/800 * 100 = 25%
9. A trader sold his goods at 20% profit and along with this he used weights of 800 gm instead of 1 kg. Find his total profit%.
A) 40%
B) 45%
C) 50%
D) 55%
E) 60%
Option C
Solution:

Profit is 20%. So
1000 gm + 20% of 1000 gm = 1200 gm
so CP of 1200 gm = SP of 800 gm
Sp profit% = (1200-800)/800 * 100 = 50%
10. A loss of 20% is made by selling an article. Had it been sold for Rs 240 more, there would have been a profit of 10%. What would be the selling price of the article if it is sold at 25% profit?
A) Rs 950
B) Rs 1020
C) Rs 975
D) Rs 1000
E) Rs 1075
Option D
Solution:

Loss = 20% = 1/5 (loss = 1, CP = 5)
CP – Loss = SP
5 – 1 = 4……….(1)
Profit% = 10% = 1/10 (Profit = 1, CP = Rs 10)
CP + P = SP
10 + 1 = 11 …….(2)
Make CP same in both equations (1) and (2) by multiplying (1) by 2. SO
10   –  2 =  8
And 10 + 1 = 11
So first, SP was 8, now is 11
So (11-8)    ->    240
3     ->      240
So 10 (CP)    ->    240/3  * 10 = 800
So after 25% profit SP   ->  1000

## 20 Thoughts to “Quantitative Aptitude: Profit and Loss Set 2 (Basic Questions)”

1. (¯·.¸¸.-> °º åɱβȋ º° <-.¸¸.·¯)

mam…4th ques main confusion ho rhi hai `12000 is sp as per the language of ques but sol ke according wo cp hai

1. Shubhra

Yes that should be CP in que

1. karthik

2. (¯·.¸¸.-> °º åɱβȋ º° <-.¸¸.·¯)

ty mam 🙂

1. Khal Drogo

Thanx mujhe yaha lane k liye… 🙂 mujhe pata nai tha 🙁

1. (¯·.¸¸.-> °º åɱβȋ º° <-.¸¸.·¯)

:))

2. Khal Drogo

n bst of lck 🙂

1. (¯·.¸¸.-> °º åɱβȋ º° <-.¸¸.·¯)

mera koi exam nhi hai ….aapko all the best

1. Khal Drogo

mere v nai :-p not eligible to aply.. july 1 2016 ko degree ka reslt out huwa tha 🙁 n candidate whose reslt out by june 30 cd apply.

1. Hope 2017

result date dont consider..date mention on ur dmc is considered..

2. Hope 2017

and both are different

3. Khal Drogo

dat only m saying.. mentioned date is 1 july 2016 :p

4. Hope 2017

okk

3. Pulkit

jagte raho…:)

3. COLD BLOOD

nice trick #3, haven’t seen it before. tyy mam:)

4. sachin shukla@ my turn 2017

ty)))

5. destiny Casimiro

tq

6. karthik

10th question answer should be 500 not 1000

7. kumkum ahuja

ty az:)

8. sortie catamaran martinique