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Questions and Answers
What profit percent is earned when an article is sold at a doubled rate for half the quantity?
What profit percent is earned when an article is sold at a doubled rate for half the quantity?
If a shopkeeper sells an article for 600 rupees at a profit of 20%, what is the profit amount?
If a shopkeeper sells an article for 600 rupees at a profit of 20%, what is the profit amount?
A shopkeeper purchases an article for 500 rupees and the profit is 37.5% of the selling price. What is the selling price?
A shopkeeper purchases an article for 500 rupees and the profit is 37.5% of the selling price. What is the selling price?
What is the loss incurred if an article is sold at 20% less than its cost price and the selling cost is 50 rupees?
What is the loss incurred if an article is sold at 20% less than its cost price and the selling cost is 50 rupees?
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If the profit is 20% of the cost price and the selling price is 600 rupees, what was the cost price?
If the profit is 20% of the cost price and the selling price is 600 rupees, what was the cost price?
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How would you calculate the cost price of an article if the selling price is 1,000 rupees and it is sold at a loss of 20%?
How would you calculate the cost price of an article if the selling price is 1,000 rupees and it is sold at a loss of 20%?
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What is the profit earned when a shopkeeper sells an article purchased for 500 rupees at a selling price of 800 rupees?
What is the profit earned when a shopkeeper sells an article purchased for 500 rupees at a selling price of 800 rupees?
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If a shopkeeper sells an article at a 10% profit, and the profit amount is 30 rupees, what is the cost price?
If a shopkeeper sells an article at a 10% profit, and the profit amount is 30 rupees, what is the cost price?
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What is the profit percentage when half of the goods are sold at a 20% loss and the other half at a 50% profit?
What is the profit percentage when half of the goods are sold at a 20% loss and the other half at a 50% profit?
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If a shopkeeper increases the selling price of an article by 50% after an initial increase of 20%, what is the new profit if the initial profit was 50 rupees?
If a shopkeeper increases the selling price of an article by 50% after an initial increase of 20%, what is the new profit if the initial profit was 50 rupees?
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What is the new profit when the price of an article is decreased by 20% while selling price remains constant and the initial profit was 500 rupees?
What is the new profit when the price of an article is decreased by 20% while selling price remains constant and the initial profit was 500 rupees?
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What is the overall profit percentage when selling 3 articles at a 50% profit, 5 at a 25% loss, and 2 at a 100% profit?
What is the overall profit percentage when selling 3 articles at a 50% profit, 5 at a 25% loss, and 2 at a 100% profit?
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What is the profit percentage if the profit from selling one article equals the cost price of two such articles?
What is the profit percentage if the profit from selling one article equals the cost price of two such articles?
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If the loss incurred on selling an article is 20% of the selling price, what is the loss percentage?
If the loss incurred on selling an article is 20% of the selling price, what is the loss percentage?
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How much is the loss percentage if the selling expense of an article worth 6000 rupees is 50 rupees, and selling expenses are 10% more than the loss?
How much is the loss percentage if the selling expense of an article worth 6000 rupees is 50 rupees, and selling expenses are 10% more than the loss?
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What is the selling price of the remaining goods sold at a 50% gain if the cost price is represented as x?
What is the selling price of the remaining goods sold at a 50% gain if the cost price is represented as x?
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If a seller sells his goods such that half is sold with a loss and the other half with a profit, what component directly affects the overall profit percentage?
If a seller sells his goods such that half is sold with a loss and the other half with a profit, what component directly affects the overall profit percentage?
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When calculating the overall profit from a series of sales at different gains and losses, what should be taken into account?
When calculating the overall profit from a series of sales at different gains and losses, what should be taken into account?
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Study Notes
Profit and Loss - Aptitude Questions
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Profit Percentage Calculation (Halved Quantity): If an article is sold at double the price for half the quantity, the profit percentage is 300%.
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Profit Calculation (20% Profit): If a shopkeeper sells an article for ₹600 with a 20% profit based on cost price, the profit is ₹100.
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Profit Calculation (Profit from Selling Price): If the profit is 37.5% of the selling price, and the cost is ₹500, the profit is ₹300. The selling price in this case would be ₹800.
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Loss Calculation (20% Less, Selling Cost Included): If an article is sold for 20% less than the cost price, the selling price is ₹1000, and the selling cost is ₹50, the total loss is ₹300. Crucial here is that the selling cost is also deducted from the revenue, increasing the overall loss.
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Profit Percentage (Mixture of Profit and Loss): If half the goods are sold at a 20% loss, and the other half at a 50% profit, the overall profit percentage is 15%.
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Profit with Successive Price Increases: If a price is increased by 20%, then again by 50%, starting with a 25% profit and an initial profit of ₹50, the new profit is ₹115.
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Profit Calculation with Initial Price Reduction and Constant Selling Price: If the initial price is reduced by 20%, but the selling price remains constant, the new profit would decrease depending on the relevant cost to sell value if an initial profit was ₹500 and the starting profit percentage was 20%.
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Profit Percentage (Varied Profit/Loss on Multiple Items): For a combination of profits and losses on different articles (e.g., 50% profit, 25% loss, 100% profit), the overall profit percentage can be calculated by summing up the profits and losses and considering the total articles or total cost price.
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Profit Percentage (Profit as Cost of Two Items): If the profit from selling an article is equal to the cost of two such articles, the profit percentage is 200%.
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Loss Percentage (Loss as Percentage of Selling Price): If the loss on selling an article is 20% of the selling price, the loss percentage is 16.67%.
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Loss Percentage (Selling Cost and Loss): If the selling cost is a certain percentage (e.g., 10%) higher than the loss, it can help determine a loss percentage from the selling expenses, taking into account the selling price and cost.
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Description
Test your knowledge of profit and loss calculations through a series of aptitude questions. From determining profit percentages to understanding losses, this quiz covers various scenarios to challenge your mathematical skills. Ideal for students preparing for competitive exams or anyone looking to sharpen their finance-related abilities.
