Profit and Loss Questions: Quantitative Aptitude Quiz

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Profit and Loss Questions Quantitative Aptitude Quiz
Profit and Loss Questions Quantitative Aptitude Quiz

Profit and Loss Questions for banking and all sarkari naukri examinations. 

Profit and Loss – Quantitative Aptitude

Basic Concepts:

Cost Price: The price, at which an article is purchased, is called its cost price, abbreviated as C.P.
Selling Price: The price, at which an article is sold, is called its selling prices, abbreviated as S.P.
Profit or Gain: If S.P. is greater than C.P., the seller is said to have a profit or gain.
Loss: If S.P. is less than C.P., the seller is said to have incurred a loss.

Formulas:

  • C P = 100/(100+gain %)×S P
  • S P = (100+gain % )/100  ×C P
  • Profit % = Profit/(C P)×100
  • Profit/gain = SP – CP
  • Loss = C P – S P
  • Loss % = LOSS/(C P)×100
  • S P = (100-loss %)/100×C P
  • C P = 100/(100-loss %)×S P
  • When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%, then the seller always incurs a loss given by: x2/100
  • If a trader professes to sell his goods at cost price, but uses false weights, thenGain% = [Error/(True Value-Error)] x100

Profit and Loss topic is very essential for all the competitive examinations. From this section atleast 2-3 questions will surely come. So,here are some questions and answers for practice.

Profit and Loss Questions and Quiz:

  • Sharvil Vikram Singh

    Each of the two cars is sold at the same price. A profit of 10% is made on the first and a loss of 7% is made on the second. What is the combined loss or gain?

  • Shivang Dixit

    AMIT CHAUDHARY In question number 4, there is a calculation error

    profit% = [(SP-CP)/CP] X 100 = -(5/20) x 100 = 20% loss as printed but answer must be 25% loss

  • Shivang Dixit

    @disqus_8op6A1eq5e:disqus In question number 4, there is a calculation error
    profit% = [(SP-CP)/CP] X 100 = -(5/20) x 100 = 20% loss as printed but answer must be 25% loss

  • YAHOO

    question no.3 IS WRONG SOLUTION
    An article is sold at a loss of 10%. Had it been sold for Rs. 9 more,
    there would have been a gain of 12 1/2% on it. The cost price of the
    article is
    ANS-600/57RS

  • never know

    8/10

    • AMIT CHAUDHARY

      Nice score
      Give other quizzes as well