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:
**x**^{2}/100 - If a trader professes to sell his goods at cost price, but uses false weights, then
**Gain% = [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:

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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?

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

@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

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

8/10

Nice score

Give other quizzes as well