Mathematical Aptitude - Profit and Loss

6. Romit sold his old TV and earned a profit of 10%. If he could have managed to sell it for `8100 more, then his profit would have been be 37%. Find the price at which he bought the TV?

  • Option : A
  • Explanation : 1st profit = 10%
    If Romit sells TV for `8100 more, then profit = 37%
    S.P. = (100 + Profit%)% of C.P.
    ∴ SP1 + 8100 = SP2
    ∴ (110)% C.P. + 8100 = (137)% C.P.
    ∴ 27% of C.P. = 8100
    ∴ C.P. = (8100 X 100)/27 = Rs 30000
Cancel reply

Your email address will not be published. Required fields are marked *


Cancel reply

Your email address will not be published. Required fields are marked *


7. A man bought a horse for a certain sum and sold it at a loss of 8% on his outlay. If he had received `1800 more, then he would have gained 141/2 % on his outlay. What did the horse cost?

  • Option : D
  • Explanation : C.P. = (Difference in S.P.) ÷ (% Difference in profit) C.P. of the horse = 1800 × 100/14.5–(–8) = 1800 × 100/22.5 ⇒ C.P. = 8000.
Cancel reply

Your email address will not be published. Required fields are marked *


Cancel reply

Your email address will not be published. Required fields are marked *


8. A man purchases two pens for Rs 740. He sells one at 12 % profit and the other at 8% loss. Then he neither gains nor loses. Find the cost price of each pen (in Rs).

  • Option : B
  • Explanation : C.P. of 2 pens = 740. Let C.P. of 1st pen be x and C.P. of 2nd pen be y.
    Since there is no profit and loss in the whole transaction, so 12% of x = 8% of y
    ⇒ x : y = 2 : 3
    Hence the cost of first pen = (2/3) × 740 = Rs 296 and that of the second pen = (3/5) × 740 = Rs 444.
Cancel reply

Your email address will not be published. Required fields are marked *


Cancel reply

Your email address will not be published. Required fields are marked *


9. A dealer paid a car manufacturer Rs 1,35,000 for a car. What should be the selling price of the car, if after allowing a buyer 10 % discount on the selling price, he made a profit of 8% on his outlay?

  • Option : C
  • Explanation : Profit and loss formula is given by, Let S.P. of the car = x
    Discount of 10%.
    Profit = 8%.
    ∴ ((90/100)x – 135000/135000) × 100 = 8
    ⇒ (90/100)x – 135000 = 8 × 1350 ⇒ (90/100)x
    ⇒ x = 162000
Cancel reply

Your email address will not be published. Required fields are marked *


Cancel reply

Your email address will not be published. Required fields are marked *


10. A man sells an article at a profit of 8%. If the cost price were 10% less and the selling price Rs 18 less, then his profit would have been 15%. Find the cost price of the article.

  • Option : D
  • Explanation : Let C.P. of the article = 100
    ∴ Old S.P. = 108. New C.P. = 90. As the profit is 15%, so the new S.P. = 90 × 115/100 = 103.5. The difference in the two selling prices = 108 – 103.5 = Rs 4.5 If difference in S.P. is 4.5 then C.P. = 100. If difference in S.P. is 18, then C.P. = (100/4.5) × 18 = Rs 400.
Cancel reply

Your email address will not be published. Required fields are marked *


Cancel reply

Your email address will not be published. Required fields are marked *



Who can benefit –

  • Any undergraduate or postgraduate student who is seeking Profit and Loss objective type questions answers can use this section.
  • Profit and Loss Questions Answers can be used for the preparation of UGC NET Paper1 Exams.
  • Profit and Loss Multiple Choice questions Answers can help you in interview preparation.
  • profit and loss questions with solutions can be  used by students in the preparation of their Exams.
  • All the teachers who are appearing for Kendriya Vidyalya Sangathan Entrance Exam PGT, TGT, can also use profit and loss sums.
  • Profit and Loss Aptitude Questions – Mathematical Aptitudes can also be used by the students who wants to pursue pursuing B.Ed or M. Ed.
  • UGC NET first paper students can also prepare for their exams using Profit and Loss Objective Type Questions Answers.
  • You can get free access to Profit and Loss Aptitude Questions.
  • You can also have online access to Profit and Loss Questions Answers EBook.
  • Any student who wants to prepare for UGC NET Paper1, MBA Entrance Exam, CAT, MAT, SAT, Ph. D Entrance Exam, PET, NDA, CDS or any other competitive Exam can also use this Profit and Loss Aptitude Questions.

Various Search Terms used for this section are

  • Profit and Loss quiz questions with answers

  • Profit and Loss Aptitude Questions  Pdf

  • Profit and Loss Aptitude Questions  for UGC NET Paper1

  • Profit and Loss Multiple Choice Questions For Competitive Exams

  • profit and loss problems with solutions for bank exams

  • profit and loss questions in english

  • profit and loss questions for bank po with solutions pdf

  • profit and loss quantitative aptitude