how to solve profit and loss questions - Wikitechy https://www.wikitechy.com/interview-questions/tag/how-to-solve-profit-and-loss-questions/ Interview Questions Tue, 07 Sep 2021 09:44:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.wikitechy.com/interview-questions/wp-content/uploads/2025/10/cropped-wikitechy-icon-32x32.png how to solve profit and loss questions - Wikitechy https://www.wikitechy.com/interview-questions/tag/how-to-solve-profit-and-loss-questions/ 32 32 A farmer bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20% ? https://www.wikitechy.com/interview-questions/profit-and-loss/a-farmer-bought-toffees-at-6-for-a-rupee-how-many-for-a-rupee-must-he-sell-to-gain-20/ https://www.wikitechy.com/interview-questions/profit-and-loss/a-farmer-bought-toffees-at-6-for-a-rupee-how-many-for-a-rupee-must-he-sell-to-gain-20/#respond Tue, 17 Aug 2021 07:19:29 +0000 https://www.wikitechy.com/interview-questions/?p=1692

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

A. 7

B. 6

C. 5

D. 2

Answer : C. 5

Explanation:

Cost Price(C.P) of 6 toffees = Re. 1
Selling Price(S.P) of 6 toffees = 120% of Re. 1
= Rs. 6/5
For Rs. 6/5 toffees sold = 6.
For Re. 1, toffees sold = 6 x 5/6
= 5.

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/a-farmer-bought-toffees-at-6-for-a-rupee-how-many-for-a-rupee-must-he-sell-to-gain-20/feed/ 0 100 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 ? https://www.wikitechy.com/interview-questions/profit-and-loss/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/ https://www.wikitechy.com/interview-questions/profit-and-loss/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/#respond Tue, 17 Aug 2021 07:15:29 +0000 https://www.wikitechy.com/interview-questions/?p=1690

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. 1427% gain

B. 1427% loss

C. 15% gain

D. 15 % loss

Answer : A . 1427% gain

Explanation:

Cost Price (C.P) of 1 orange = Rs. 350/100
= Rs. 3.50

Selling Price (S.P) of 1 orange = Rs. 48/12
= Rs. 4

Gain % = ( 0.50 / 3.50 ) x 100 %
= 100/7 %
= 1427% gain

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