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Interview Questions on Profit Loss

Profit and Loss - Aptitude

6.Find C.P. when S.P. = Rs.51.70 and loss = 12%

A. Rs.51.50✘

B. Rs.58.75✔

C. Rs.64.50✘

D. Rs.68.34✘

x

 

Option: B

Explanation

C.P. = Rs.(100/88) * 51.70, since it is loss

C.P. = Rs.58.75

✉ Answer

7.A person incurs 5% loss by selling a watch for Rs.1140. At what price should the watch be sold to earn 5% profit?

A. Rs.1260✔

B. Rs.1169✘

C. Rs.1150✘

D. Rs.1200✘

x

 

Option: A

Explanation

Consider the new S.P. be Rs.x

then, (100 - loss%):(1st S.P.) = (100 + gain%):(2nd S.P.)

(100 - 5)/1140 = (100 + 5)/x

x = (105 * 1140)/95 = 1260

✉ Answer

8.A book was sold for Rs.27.50 with a profit of 10%. If it were sold for Rs.25.75, then what would have been the percentage of profit?

A. 3%✔

B. 5%✘

C. 9%✘

D. 7%✘

x

 

Option: A

Explanation

S.P. = Rs.27.50

Profit = 10%

then,C.P. = Rs.(100/110) * 27.50 = Rs.25

when S.P. = Rs.25.75, profit = S.P. - C.P.

profit = Rs.(25.75 - 25) = Rs.0.75

new profit% = (0.75 * 100)/25 = 3%

✉ Answer

9.If the cost price is 96% of the selling price, then what is the profit percent?

A. 3.9%✘

B. 6.18%✘

C. 3.4%✘

D. 4.17%✔

x

 

Option: D

Explanation

Consider S.P. = Rs.100

C.P. = Rs.96

profit = Rs.(100 - 96) = Rs.4

profit% = (4 * 100)/96 = 4.17%

✉ Answer

10. The C.P. of 21 articles is equal to S.P. of 18 articles.Find the gain percent?

A. 55/3%✘

B. 58/3%✘

C. 50/3%✔

D. None of these✘

x

 

Option: C

Explanation

Consider C.P. of each article be Re.1

then, C.P. of 18 articles = Rs.18

S.P. of 18 articles = Rs.21

gain = Rs.(21 - 18) = Rs.3

gain% = (3 * 100)/18 = 50/3%

i.e) Rs.1260

✉ Answer

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