# Profit and Loss Aptitude Questions and Answers

Profit and Loss Aptitude Questions and Answer with details explanation.

Profit and Loss Important Formula and Tricks

1. A man purchase a mobile for Rs. 2500 and sells it for Rs. 3000. Calculate the gain percentage?

A. 35%
B. 25%
C. 20%
D. 15%

Explanation:

Cost Price = Rs. 2500

Selling Price = Rs. 3000 =(500×100)/2500

=20%

Therefore, the profit percentage is 20%

2. A boy bought a toy for Rs. 600 and later he sold it for Rs. 400. What is the Loss and calculate loss percentage?

A. 45%
B. 20%
C. 30%
D. 33%

Explanation:

Cost Price = Rs. 600

Selling Price = Rs. 400

Loss = CP – SP

Loss = 600 – 400 = Rs. 200 Loss% = (200*100)/600

=> 33.33%

Therefore, the loss is Rs. 200 and loss percentage is 33.33%

3. A product is sold for Rs. 27, there is loss of 10%. Find the cost of the product?

A. Rs. 30
B. Rs. 29
C. Rs. 25
D. Rs. 35

Explanation:

Selling Price = Rs. 27

Loss % = 10%

Cost Price = ? C.P. = [100*(100-90)] * 27

=> (100*90)*27 =Rs.  30

Hence, the cost of the product is Rs. 30

4. Gopal purchase 10 dozens of apple for Rs. 144 per dozen. Gopal sold each apple for Rs. 15. What is the profit percentage?

A. 20%
B. 22%
C. 25%
D. 28%

Cost price per dozen of apple = Rs. 144

Sell price of Apple per dozen= 12*15 = 180

Gain or Profit = SP – CP = 180 – 144 = 36 => (36 x 100) / 144 = 25%

Hence the profit percentage is 25%

5. A milkman sells 5 liters of milk for Rs. 60 at profit of Rs. 2 per liter of milk. Find the cost price for per liter of milk?

A. Rs. 11
B. Rs. 10
C. s. 12
D. Rs. 9

Explanation:

Profit for 5 liters of Milk = 60*2 =Rs.  120

Cost Price of 5 liters of Milk = 60 – 10 = Rs. 50

1 liter of Milk = 50/5= Rs. 10

Therefore, the cost price of 1 liter of milk is Rs. 10

6. Arun sells potato at the rate of Rs. 30 per kg and he loses 25%. At what price per kg should he sell to gain profit of 10% per kg of potato?

A. Rs. 35
B. Rs. 44
C. Rs. 50
D. Rs. 38

Explanation:

Selling price = Rs. 30 per kg of Potato

Loss = 25% CP = [100 / (100 – 25)] x 30 = Rs. 40

Cost Price of potato per kg is Rs. 40

To gain 10% of profit, the n Selling Price will be. Selling Price = 40 x (110 / 100) = 44

Hence, Arun should sells at Rs. 44 per kg of potato to gain profit of 10%

7. Pankaj sells Rice for Rs. 50 per kg and losses 10%. If Arun wants to gain 5% profit per kg, what should be the price per kg of rice?

A. Rs. 55.55
B. Rs. 58
C. Rs. 58.32
D. Rs. 55

Selling price = Rs. 50 per kg of rice

Loss = 10% => [100 x (100-10)] x 50 = 55.55

Cost price = 55.55

To gain profit of 5% per kg of rice, selling price should be SP = 55.55 x (105/100)

Selling price = 58.32

Therefore, Pankaj should sell rice for Rs. 58.32 per kg to gain a profit of 5%.

8. A pen is sold for Rs. 120 with profit of 20%. If he sells it for Rs. 150, what could have been the profit percentage?

A. Rs. 30
B. Rs. 40
C. Rs. 45
D. Rs. 50

Explanation:

Selling price = Rs. 120

Profit = 20% Cost Price = 120 x (100 x 120) = 100

CP = 100 and New SP = 150

Profit = 150 – 100 = 50

Profit Percentage : => (50 x 100) / 100 = 50%

Hence, if a pen is sold at Rs. 150, then is 50% profit.

9. Govind sells his watch for Rs. 35 and losses one tenth of what it cost him. The cost price of the watch is?

A.Rs. 40
B. Rs. 38.88
C. Rs. 39.21
D. Rs. 36

Explanation:

Let the Cost Price be x and Loss be x/10

According to question

x – x/10 = 35

10x- x = 350

x = 38.88

Therefore, the cost price of the watch is Rs. 38.88

10. A man sells his bike for Rs. 36000 and loses one thirteenth of what cost him the bike. The cost price of the cost?

A. Rs. 39000
B. Rs. 38000
C. Rs. 38500
D. Rs. 39500

Explanation:

Cost Price be x and Loss be x/13

According to the question

x – x/13 = 36000

13x – x = 36000 x 13

12x = 36000 x 13

x = 39000

Hence, the cost price of the bike is Rs. 39000.