profit and loss formula and tricks - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-formula-and-tricks/ Interview Questions Mon, 20 Sep 2021 10:17:15 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.wikitechy.com/interview-questions/wp-content/uploads/2025/10/cropped-wikitechy-icon-32x32.png profit and loss formula and tricks - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-formula-and-tricks/ 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

]]> 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 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 ? https://www.wikitechy.com/interview-questions/profit-and-loss/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/ https://www.wikitechy.com/interview-questions/profit-and-loss/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/#respond Tue, 17 Aug 2021 07:12:43 +0000 https://www.wikitechy.com/interview-questions/?p=1689

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 : B. 5%

Explanation:

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

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

Gain = ( 80 / 1600 ) x 100 %
= 5%.

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/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/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 A customer paid you $600 for construction work, out of which, 3/5 of the total amount was spent on the purchase of materials and 1/5 of the remaining was spent on travelling. How much is left after all the deductions ? https://www.wikitechy.com/interview-questions/profit-and-loss/a-customer-paid-you-600-for-construction-work-out-of-which-3-5-of-the-total-amount-was-spent-on-the-purchase-of-materials-and-1-5-of-the-remaining-was-spent-on-travelling-how-much-is-left-after-al/ https://www.wikitechy.com/interview-questions/profit-and-loss/a-customer-paid-you-600-for-construction-work-out-of-which-3-5-of-the-total-amount-was-spent-on-the-purchase-of-materials-and-1-5-of-the-remaining-was-spent-on-travelling-how-much-is-left-after-al/#respond Tue, 17 Aug 2021 06:45:54 +0000 https://www.wikitechy.com/interview-questions/?p=1671

A customer paid you $600 for construction work, out of which, 3/5 of the total amount was spent on the purchase of materials and 1/5 of the remaining was spent on travelling. How much is left after all the deductions ?

A. $120

B. $190

C. $192

D. $240

Answer : C.

Explanation:

Total amount paid by the customer for the construction work = $600
Amount spent on the purchase of materials = 3/5 of the total amount = 3/5 * 600 = $360
Remaining amount = $ (600 – 360) = $240
Amount spent on travelling = 1/5 of the remaining amount = 1/5 * 240 = $48
Total amount spent = $ (360 + 48) = $408
Amount left after both the deductions = $ (600 – 408) = $192

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/a-customer-paid-you-600-for-construction-work-out-of-which-3-5-of-the-total-amount-was-spent-on-the-purchase-of-materials-and-1-5-of-the-remaining-was-spent-on-travelling-how-much-is-left-after-al/feed/ 0 The profit obtained by selling an article for Rs 480 is twice the loss obtained by selling for Rs 300. What is the cost price of the article ? https://www.wikitechy.com/interview-questions/profit-and-loss/the-profit-obtained-by-selling-an-article-for-rs-480-is-twice-the-loss-obtained-by-selling-for-rs-300-what-is-the-cost-price-of-the-article/ https://www.wikitechy.com/interview-questions/profit-and-loss/the-profit-obtained-by-selling-an-article-for-rs-480-is-twice-the-loss-obtained-by-selling-for-rs-300-what-is-the-cost-price-of-the-article/#respond Tue, 17 Aug 2021 05:33:09 +0000 https://www.wikitechy.com/interview-questions/?p=1648

The profit obtained by selling an article for Rs 480 is twice the loss obtained by selling for Rs 300. What is the cost price of the article ?

A. Rs 400

B. Rs 420

C. Rs 360

D. RS 350

Answer : C. Rs 360

Explanation:

Here pofit is the twice the loss.
Profit = 2 Loss.
Selling Price – Cost Price = 2 (Cost Price – Selling Price)
480 – Cost Price = 2(Cost Price – 300)
3 Cost Price = 1080
Cost Price = 360

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/the-profit-obtained-by-selling-an-article-for-rs-480-is-twice-the-loss-obtained-by-selling-for-rs-300-what-is-the-cost-price-of-the-article/feed/ 0 Ajith sells a table to Ajay at 10% profit and Ajay sells it to Anoob at 10% loss. At what price did Ajith purchase the table if Anoob paid Rs.2178 ? https://www.wikitechy.com/interview-questions/profit-and-loss/ajith-sells-a-table-to-ajay-at-10-profit-and-ajay-sells-it-to-anoob-at-10-loss-at-what-price-did-ajith-purchase-the-table-if-anoob-paid-rs-2178/ https://www.wikitechy.com/interview-questions/profit-and-loss/ajith-sells-a-table-to-ajay-at-10-profit-and-ajay-sells-it-to-anoob-at-10-loss-at-what-price-did-ajith-purchase-the-table-if-anoob-paid-rs-2178/#respond Tue, 17 Aug 2021 05:21:07 +0000 https://www.wikitechy.com/interview-questions/?p=1644

Ajith sells a table to Ajay at 10% profit and Ajay sells it to Anoob at 10% loss. At what price did Ajith purchase the table if Anoob paid Rs.2178 ?

A. Rs 2100

B. Rs 2150

C. Rs 2200

D. Rs 2250

Answer : C. Rs 2200…

Explanation:

Let the cost price of table for Ajith be Rs.x and given that, cost price of table for Anoob = Rs.2178
90% of 110% of x = Rs.2178
(90/100) (110/100) x = 2178
x = (2178 * 100) / 9 * 11
x = Rs.2200.

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/ajith-sells-a-table-to-ajay-at-10-profit-and-ajay-sells-it-to-anoob-at-10-loss-at-what-price-did-ajith-purchase-the-table-if-anoob-paid-rs-2178/feed/ 0