profit and loss formula - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-formula/ Interview Questions Mon, 20 Sep 2021 10:20:25 +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 formula - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-formula/ 32 32 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 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 ? https://www.wikitechy.com/interview-questions/profit-and-loss/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/ https://www.wikitechy.com/interview-questions/profit-and-loss/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/#respond Tue, 17 Aug 2021 06:50:32 +0000 https://www.wikitechy.com/interview-questions/?p=1673

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. 447%

B. 5511%

C. 10 %

D. 12 %

Answer : B . 5511%

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 % = (300/5500) x 100%

= 5511%

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/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/feed/ 0 A storekeeper sold a wrist watch for $660, including a sales tax of 10%. If the cost price of the watch is $500, what is the percentage profit for shopkeeper ? https://www.wikitechy.com/interview-questions/profit-and-loss/a-storekeeper-sold-a-wrist-watch-for-660-including-a-sales-tax-of-10-if-the-cost-price-of-the-watch-is-500-what-is-the-percentage-profit-for-shopkeeper/ https://www.wikitechy.com/interview-questions/profit-and-loss/a-storekeeper-sold-a-wrist-watch-for-660-including-a-sales-tax-of-10-if-the-cost-price-of-the-watch-is-500-what-is-the-percentage-profit-for-shopkeeper/#respond Tue, 17 Aug 2021 06:47:35 +0000 https://www.wikitechy.com/interview-questions/?p=1672

A storekeeper sold a wrist watch for $660, including a sales tax of 10%. If the cost price of the watch is $500, what is the percentage profit for shopkeeper ?

A. 25%

B. 15%

C. 10%

D. 20%

Answer : D. 20%

Explanation:

$660 = Selling Price + Sales Tax (110%)
Actual selling price without including sales tax = 100 / 110 * $660 = $600
Cost Price = $500
Profit = Selling Price – Cost Price
= $600 – $500
= $100
Therefore profit percentage = Profit / Cost Price
= (100 / 500 ) * 100%
= 20%.

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/a-storekeeper-sold-a-wrist-watch-for-660-including-a-sales-tax-of-10-if-the-cost-price-of-the-watch-is-500-what-is-the-percentage-profit-for-shopkeeper/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 A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price ? https://www.wikitechy.com/interview-questions/profit-and-loss/a-trader-bought-a-car-at-20-discount-on-its-original-price-he-sold-it-at-a-40-increase-on-the-price-he-bought-it-what-percent-of-profit-did-he-make-on-the-original-price/ https://www.wikitechy.com/interview-questions/profit-and-loss/a-trader-bought-a-car-at-20-discount-on-its-original-price-he-sold-it-at-a-40-increase-on-the-price-he-bought-it-what-percent-of-profit-did-he-make-on-the-original-price/#respond Tue, 17 Aug 2021 06:34:05 +0000 https://www.wikitechy.com/interview-questions/?p=1667

A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price ?

A . 10 %

B . 11 %

C . 12 %

D . 15 %

Answer : C . 12 %

Explanation:

Original price = 100
Cost Price = 80
Selling Price = 80 * (140 / 100) = 112
100 – 112 = 12% .

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