how to calculate profit and loss - Interview Questions

how to calculate profit and loss

A farmer bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20% ?

Answer : C. 5

If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books ?

Answer : D . 1800

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 ?

Answer : A . 1427% gain

When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15% ?

Answer : C. Rs. 25,300

Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is ?

Answer : D. 44%

The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is ?

Answer : B . 16

A reduction of 20% in the price of salt enables a lady to obtain 10kgs more for Rs.100, find the original price per kg ?

Answer : C. 2.5