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## Profit and Losses problems- Aptitude Questions and Answers:-

This is aptitude on Profit And Losses Problems Question and answers with explanation for different interviews and competitive and entrance exams.

**1. A trader buys an article for Rs.500 and sells it at Rs.650. Find his gain percent .**

A). 30%

B). 25%

C). 35%

D). 20%

E). None of these

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Answer: OptionAExplanation:- Gain % = ( 650-500/500 ) * 100 = 30%

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**2. Shiva purchased a scooter for Rs.5200 and spent Rs.800 on its repairs.He had to sell it for Rs.5500. Find his profit or loss percent**

A). 8 1/3%

B). 6 1/3%

C). 8 1/2%

D). 6 2/5%

E). None of these

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Answer: OptionAExplanation:- Purchased price = 5200 Repairs = 800 Cost price = 5200 + 800 Sold price = 5500 Loss percentage = ( 600-5500/6000 ) * 100 = 50/6 = 8 1/3%

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**3. A dealer sold a watch for Rs.425, thereby losing 15%. At what price should he have sold the watch to earn a gain of 10% ?**

A). Rs.450

B). Rs.550

C). Rs.525

D). Rs.425

E). None of these

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Answer: OptionBExplanation:- Sold price = Rs. 425 Let original price = 100% then sold price = 100% - 15% = 425 = 85% = 425 to make gain 10% he has to sel at 110% the selling price 110% = 425/85 * 110 = 550

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**4. A man buys 5 apples for Rs.3 and sells each for Rs.2. What is his gain percent?**

A). 50%

B). 33 1/3%

C). 233 1/3%

D). 60%

E). None of these

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Answer: OptionCExplanation:- 5 apples cost price = 3 Rs. 1 apple selling price =2 Rs. 5 apples selling price = 5 * 2 = 10 Rs. Profit % = (10-3/3) * 100

= 7/3 * 100 = 233 1/3

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**5. By selling an article for Rs.450, a man loses 10%. Find his gain or loss percent if he sells it for Rs.540.**

A). 6% loss

B). 8% loss

C). 6% gain

D). Gain 8%

E). None of these

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Answer: OptionDExplanation:- selling price at 10% loss = 90% = 450 then cost price = 100 % = 500 Rs. Profit = =( 540-500/500 ) * 100 = 8%

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**6. For the same article if loss is 20% then selling price is Rs.60 and if gain is 20% them selling price is**

A). Rs.90

B). Rs.70

C). Rs.80

D). Rs.85

E). None of these

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Answer: OptionAExplanation:- First selling price 20% loss = 80% = Rs.60 then selling price @ 20% profit = 120%=? ( 60/80 ) * 120 = 90 Rs.

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**7. If the profit percent is numerically equal to the cost price in rupees and the selling price is Rs. 39, what is the cost price?**

A). 28

B). 40

C). 25

D). 30

E). None of these

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Answer: OptionDExplanation:- Let cost price = x then profit % = x x= ( 39-x / x ) * 100_{x}2 + 100 * - 3900 x = 30

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8. A reduction of 25% in the price of oil enables a house wife to obtain 5kgs more for Rs.800, what is the reduced price for kg?

A. Rs.20

B. Rs.30

C. Rs.40

D. Rs.25

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Answer: OptionCExplanation: 800*(25/100) = 200 ---- 5 ? ---- 1 => Rs.40

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9.A man sells two articles for Rs.3600 each and he gains 30% on the first and loses 30% on the next. Find his total gain or loss?

A. 9% loss

B. 400

C. 4000

D. 324

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Answer: OptionAExplanation: (30*30)/100 = 9%loss

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10. I bought two books; for Rs.480. I sold one at a loss of 15% and other at a gain of 19% and then I found each book was sold at the same price. Find the cost of the book sold at a loss?

A. Rs.28

B. Rs.280

C. Rs.140

D. Rs.70

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Answer: OptionBExplanation: x*(85/100) = (480 - x)119/100 x = 280

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