Profit or Loss – Aptitude Interview Questions with Answers

Payilagam > Blog > Blogs > Profit or Loss – Aptitude Interview Questions with Answers

Profit or Loss – Aptitude Interview Questions with Answers 

This blog explains about Profit or Loss – Aptitude Interview Questions with Answers and is given below : 

 ​

  1. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:
A
14 2 % gain
7
B 15% gain
C
14 2 % loss
7
D 15 % loss
Answer: Option A

Explanation:

C.P. of 1 orange = Rs. 1 sym oparen h1 350 1 sym cparen h1 = Rs. 3.50
100
S.P. of 1 orange = Rs. 1 sym oparen h1 48 1 sym cparen h1 = Rs. 4
12
1 sym tfr Gain% = 1 sym oparen h1 0.50 x 100 1 sym cparen h1% = 100 % = 14 2 %
3.50 7 7

2 . A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
A. No profit, no loss
B. 5%
C. 8%
D. 10%
  Answer: Option B

Explanation:

C.P. of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.

S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680.

1 sym tfr Gain = 1 sym oparen h1 80 x 100 1 sym cparen h1% = 5%.
1600
3 . On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:
A. Rs. 45
B. Rs. 60
C Rs. 55
   

Answer: Option B

Explanation:

(C.P. of 17 balls) – (S.P. of 17 balls) = (C.P. of 5 balls)

1 sym imp C.P. of 12 balls = S.P. of 17 balls = Rs.720.

1 sym imp C.P. of 1 ball = Rs. 1 sym oparen h1 720 1 sym cparen h1 = Rs. 60.
12
4 . A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?
A Rs. 1090
B Rs. 1160
C Rs. 1190
  Answer: Option C

Explanation:

S.P. = 85% of Rs. 1400 = Rs. 1 sym oparen h1 85 x 1400 1 sym cparen h1 = Rs. 1190
100
 
5 . Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
A 3.5
B 4.5
C 5.6
D 6.5
Answer: Option C

Explanation:

Cost Price of 1 toy = Rs. 1 sym oparen h1 375 1 sym cparen h1 = Rs. 31.25
12

Selling Price of 1 toy = Rs. 33

So, Gain = Rs. (33 – 31.25) = Rs. 1.75

1 sym tfr Profit % = 1 sym oparen h1 1.75 x 100 1 sym cparen h1% = 28 % = 5.6%

6.Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:
A
4 4 %
7
B
5 5 %
11
C 10%
  Answer: Option B

Explanation:

Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.

Selling Price (S.P.) = Rs. 5800.

Gain = (S.P.) – (C.P.) = Rs.(5800 – 5500) = Rs. 300.

Gain % = 1 sym oparen h1 300 x 100 1 sym cparen h1% = 5 5 %
5500 11

 

 
 7 . A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
 
A 3
B 4
C 5
D 6

Answer: Option C

Explanation:

C.P. of 6 toffees = Re. 1

S.P. of 6 toffees = 120% of Re. 1 = Rs. 6
5
For Rs. 6 , toffees sold = 6.
5
For Re. 1, toffees sold = 1 sym oparen h1 6 x 5 1 sym cparen h1 = 5.