profit and loss examples - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-examples/ Interview Questions Fri, 17 Sep 2021 11:12:16 +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 profit and loss examples - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-examples/ 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 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 ? https://www.wikitechy.com/interview-questions/profit-and-loss/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/ https://www.wikitechy.com/interview-questions/profit-and-loss/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/#respond Tue, 17 Aug 2021 07:17:16 +0000 https://www.wikitechy.com/interview-questions/?p=1691

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 ?

A . 1801 gain

B . 600

C . 1200

D . 1800

Answer : D . 1800

Explanation:

Least Cost Price = Rs. ( 200 * 8 )
= Rs. 1600.

Greatest Selling Price = Rs. ( 425 * 8 )
= Rs. 3400.

Required profit = Rs. ( 3400 – 1600 )
= Rs. 1800.

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/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/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

]]> 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/feed/ 0 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% ? https://www.wikitechy.com/interview-questions/profit-and-loss/when-a-plot-is-sold-for-rs-18700-the-owner-loses-15-at-what-price-must-that-plot-be-sold-in-order-to-gain-15/ https://www.wikitechy.com/interview-questions/profit-and-loss/when-a-plot-is-sold-for-rs-18700-the-owner-loses-15-at-what-price-must-that-plot-be-sold-in-order-to-gain-15/#respond Tue, 17 Aug 2021 07:10:32 +0000 https://www.wikitechy.com/interview-questions/?p=1688

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% ?

A. Rs. 21,000

B. Rs. 22,500

C. Rs. 25,300

D. 44%

Answer : C. Rs. 25,300

Explanation:

85 : 18700 = 115 : x
x = (18700 x 115) / 85
= 25300.

Hence, Selling Price (S.P) = Rs. 25,300.

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/when-a-plot-is-sold-for-rs-18700-the-owner-loses-15-at-what-price-must-that-plot-be-sold-in-order-to-gain-15/feed/ 0 Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is ? https://www.wikitechy.com/interview-questions/profit-and-loss/some-articles-were-bought-at-6-articles-for-rs-5-and-sold-at-5-articles-for-rs-6-gain-percent-is/ https://www.wikitechy.com/interview-questions/profit-and-loss/some-articles-were-bought-at-6-articles-for-rs-5-and-sold-at-5-articles-for-rs-6-gain-percent-is/#respond Tue, 17 Aug 2021 07:07:38 +0000 https://www.wikitechy.com/interview-questions/?p=1687

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

A. 30 %

B. 33 1/3 %

C. 35%

D. 44%

Answer : D. 44%

Explanation:

Suppose, number of articles bought = L.C.M. of 6 and 5 = 30

Cost Price (C.P) of 30 articles = Rs.( 5 / 6 ) x 30
= Rs. 25

Selling Price (S.P) of 30 articles = Rs.( 6 / 5 ) x 30
= Rs. 36

Gain % = ( 11 / 25 ) x 100%
= 44%

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/some-articles-were-bought-at-6-articles-for-rs-5-and-sold-at-5-articles-for-rs-6-gain-percent-is/feed/ 0 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 ? https://www.wikitechy.com/interview-questions/profit-and-loss/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/ https://www.wikitechy.com/interview-questions/profit-and-loss/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/#respond Tue, 17 Aug 2021 06:52:02 +0000 https://www.wikitechy.com/interview-questions/?p=1674

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 ?

A. 15

B. 16

C. 18

D. 25

Answer : B . 16

Explanation:

Let Cost Price of each article be Re. 1
Cost Price of x articles = Rs. x.
Selling Price of x articles = Rs. 20.
Profit = Rs. (20 – x).

So {(20 – x) / x} x 100 = 25
x = 16

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