Mathematical Aptitude - Profit and Loss

1. A shopkeeper sells 25 books at the rate of ₹ 45 per book after giving 10% discount and gain 50% profit. If the discount is not given, then profit per cent will be

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PART IV
Mathematics

2. Ram loses the cost of 6 pens of selling of 144 pens. What is the percentage of loss?

  • Option : D
  • Explanation : Let the cost of 1 pen be ₹1
    ∴ Loss = Cost of 6 pens ₹6
    ∴ CP = 6 + 144 = ₹150
    ∴ Loss percentage = 6/150 x 100 % = 4%
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3. Mohan purchases a car in ₹250000 and sold in ₹348000. What is the percentage of profit in the car?

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4. An umbrella was sold at a profit of 20%. What is the selling price of the umbrella if the shopkeeper procured it at a cost of Rs 180?

  • Option : B
  • Explanation : Substituting values in the formula above, we get:
    Selling price = [(100 + 20)/100] × 180
    Selling price = 12 × 18
    Selling price = 216
    Therefore, the selling price of this umbrella is Rs 216.
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5. Ram buys some paper wind fans at 4 per rupee. He then buys the same number of paper wind fans from another shop at 5 per rupee. He puts them all together and sells them at 4 per rupee. Will he make a profit or incur a loss? How much?

  • Option :
  • Explanation : 1 wind fan C.P. in 1st shop = Rs 1/4 and 1 wind fan C.P. in 2nd shop = Rs 1/5
    On mixing these 2 wind fans, the cost price of these 2 will be = 1/4 + 1/5 = Rs 9/20
    So, C.P. of 1 wind fan = (9/20)/2 = Rs 9/40.
    Actual price at which 1 wind fan is sold after combining = Rs 1/4
    S.P. – C.P. = 1/4 - 9/40 = 1/40 = Tt is positive; so it is profit
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