**Profit and Loss- Key Notes**

**Profit and Loss- Key
Notes-aptitude-questions-answers-basics**

**Profit and Loss
Aptitude basics, practice questions, answers and explanations**

**Prepare for companies tests and interviews**

Profit=SP-CP

Loss=CP-SP

Profit %= ((SP-CP)/CP) *100

Loss %= ((CP-SP)/ CP) *100

Discount= MP-SP

Discount %= ((MP-SP)/ MP) * 100

where SP= Selling Price, CP= Cost Price, MP= Marked Price

**Exercise questions**

1. A trader makes a profit equal to the
selling price of 75 articles when he sold 100 of the articles. What % profit
did he make in the transaction?

A)
33.33%

B)
75%

C) 300%

D)150%

2. A merchant buys two articles for
Rs.600. He sells one of them at a profit of 22% and the other at a loss of 8% and
makes no profit or loss in the end. What is the selling price of the article
that he sold at a loss?

A) Rs.
404.80

B)
Rs.440

C) Rs.
536.80

D) Rs. 160

3. A trader professes to sell his goods
at a loss of 8% but weights 900 grams in place of a kg weight. Find his real
loss or gain per cent.

A) 2% loss

B) 2.22% gain

C) 2% gain

D)None of these

4. Rajiv sold an article for Rs.56 which
cost him Rs.x. If he had gained x% on his outlay, what was his cost?

A) Rs. 40

B) Rs. 45

C) Rs. 36

D)Rs. 28

5. A trader buys goods at a 19% Amount
on the label price. If he wants to make a profit of 20% after allowing a Amount
of 10%, by what % should his marked price be greater than the original label
price?

A) +8%

B) -3.8%

C) +33.33%

D) None of these

6. If apples are bought at the rate of
30 for Rs.100. How many apples must be sold for Rs.100 so as to gain 20%?

A) 28

B)25

C)
20

D) 22

7. One year payment to the servant is
Rs. 200 plus one shirt. The servant leaves after 9 months and receives
Rs. 120 and a shirt. Then find the price of the shirt.

A) Rs. 80

B) Rs. 100

C) Rs. 120

D) Cannot be determined

8. Two merchants sell, each an article
for Rs.1000. If Merchant A computes his profit on cost price, while Merchant B
computes his profit on selling price, they end up making profits of 25%
respectively. By how much is the profit made by Merchant B greater than that of
Merchant A?

A) Rs.66.67

B) Rs. 50

C) Rs.125

D) Rs.200

9. A merchant marks his goods in such a
way that the profit on sale of 50 articles is equal to the selling price of 25
articles. What is his profit margin?

A) 25%

B)50%

C) 100%

D)66.67%

10. A merchant marks his goods up by 75%
above his cost price. What is the maximum % Amount that he can offer so that he
ends up selling at no profit or loss?

A)75%

B) 46.67%

C) 300%

D)42.85%

**Answer Key**

1.C; 2.A; 3.B; 4.A; 5.A; 6.B; 7.C; 8.B;
9.C; 10.D