Practice Test -Profit and Loss Aptitude

1. If the selling price of 50 articles is equal to the cost price of 40 articles, than the loss or gain percent is:

2. The percentage profit earned by selling an article for Rs. 192o is equal to the percentage lose incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

3. A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

4. Jacob bought a scooter for a certain sum of money. He spent 10% of the cost on repair and sold the scooter for a profit, of Rs. 1100. How much did ne spend on repairs if he made a profit of 20%?

5. Profit earned by selling an article for Rs. 1o6o is 2o% more than the loss incurred by selling the article for Rs. 950. At what price should the article be sold to earn 20% profit?

6. By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?

7. Arun purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of Rs. 14.25 per kg. He mixed the two and sold the mixture. Approximately what price per kg should he sell the mixture to make 30% profit?

8. I gain 70 paise on Rs. 70. My gain percent is:

9. A person bought 20 litres of milk at the rate of Rs. 8 per litre. He got it churned after spending Rs. 10 and 5 kg of cream and 20 litres of toned milk were obtained. If he sold the cream at Rs. 30 per kg and toned milk at Rs. 4 per litre, his profit in the transaction is :

10. Padam purchased 30 kg of rice at the rate of s. 17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs. 18.60 per kg and made 20% overall profit. At what price per kg did he purchase the lot of other 30 kg rites?

Profit and loss refers to the difference between what you bought and what you sold. Profit is the difference between what you bought and what you sold, while loss is the difference between what you sold and what you bought.

To calculate profit or loss, we need to know the cost price, selling price, and purchase price.

Sales Revenue - Cost of Goods Sold - Selling Expenses = Net Profit or Loss

This section deals with the problems that are given in the Aptitude Test.

Profit and Loss

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Candidates preparing for following competitive exams can utilize Aptitude section to improve their skills.

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