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Tricky Questions on Profit and Loss

Profit and Loss - Aptitude

26.At what percentage above the C.P. must an article be marked so as to gain 33% after allowing a customer a discount of 5%?

A. 24%✘

B. 40%✔

C. 45%✘

D. 56%✘

x

 

Option: B

Explanation

Let C.P. be Rs.100

then, S.P. = Rs.133

Let marked price be Rs.x

then, 95% of x = 133

(95/100) * x = 133

x = (133 * 100)/95 = 140

Ans = 40% above C.P.

✉ Answer

27.When a producer allows 36% commission on the retail price of his product,he earns a profit of 8.8%.What would be his profit percent if the commission is reduced by 24%?

A. 15%✘

B. 22%✘

C. 49.6%✔

D. 56.4%✘

x

 

Option: C

Explanation

Let the retail price = Rs.100

then, commission = Rs.36

S.P. = Rs.(100 - 36) = Rs.64

given,profit = 8.8%

C.P. = Rs.(100/108.8) * 64 = Rs.1000/17

new commission = Rs.(36 - 24) = Rs.12

new S.P. = Rs.(100 - 12) = Rs.88

gain = Rs.(88 - (1000/17)) = Rs.496/17

gain% = (496/17) * (17/1000) * 100% = 49.6%

✉ Answer

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