profit and loss questions and answers - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-questions-and-answers/ 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 questions and answers - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-questions-and-answers/ 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 dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram ? https://www.wikitechy.com/interview-questions/profit-and-loss/a-dishonest-dealer-professes-to-sell-his-goods-at-cost-price-but-still-gets-20-profit-by-using-a-false-weight-what-weight-does-he-substitute-for-a-kilogram/ https://www.wikitechy.com/interview-questions/profit-and-loss/a-dishonest-dealer-professes-to-sell-his-goods-at-cost-price-but-still-gets-20-profit-by-using-a-false-weight-what-weight-does-he-substitute-for-a-kilogram/#respond Tue, 17 Aug 2021 05:44:31 +0000 https://www.wikitechy.com/interview-questions/?p=1652

A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram ?

A. 855 1/2 grams

B. 833 1/3 grams

C. 833 1/2 grams

D. 875 2/7 grams

Answer : B. 833 1/3 grams

Explanation:

Let the error is x gm. So we have
( error / True weight – error ) * 100 = %gain profit
= ( x / 1000 – x ) * 100 = 20
x / 1000 – x = 1 / 5
5x = 1000 – x
6x = 1000
x = 1000/6 gm

Hence the weight = 1000 – (1000 / 6)
833 1/3

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/a-dishonest-dealer-professes-to-sell-his-goods-at-cost-price-but-still-gets-20-profit-by-using-a-false-weight-what-weight-does-he-substitute-for-a-kilogram/feed/ 0 On selling an article for Rs 1020, a merchant loses 15%. For how much price should he sell the article to gain 12% on it ? https://www.wikitechy.com/interview-questions/profit-and-loss/on-selling-an-article-for-rs-1020-a-merchant-loses-15-for-how-much-price-should-he-sell-the-article-to-gain-12-on-it/ https://www.wikitechy.com/interview-questions/profit-and-loss/on-selling-an-article-for-rs-1020-a-merchant-loses-15-for-how-much-price-should-he-sell-the-article-to-gain-12-on-it/#respond Tue, 17 Aug 2021 05:35:44 +0000 https://www.wikitechy.com/interview-questions/?p=1654

On selling an article for Rs 1020, a merchant loses 15%. For how much price should he sell the article to gain 12% on it ?

A . Rs 1344

B . RS 1400

C . Rs 1200

D . RS 1500

Answer : A . Rs 1344

Explanation:

Selling Price (S.P) = Rs 1050
Loss = 15%
Let Cost Price (C.P) = 100%
SP = CP – Loss% = 100% – 15% = 85%

85% = Rs 1020
Therefore Cost Price = 100% = 1020/85 x 100 = 1200

To get 12% gain => SP = CP + Profit %
= 100 % + 12 %
= 112 %
= 1200 / 100 x 112 = Rs 1344

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/on-selling-an-article-for-rs-1020-a-merchant-loses-15-for-how-much-price-should-he-sell-the-article-to-gain-12-on-it/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 Riya sold her car for 50000 less than what she bought it for and lost 8% at what price should she have sold her car, if she wanted to gain as much as she lost in the first transaction ? https://www.wikitechy.com/interview-questions/profit-and-loss/riya-sold-her-car-for-50000-less-than-what-she-bought-it-for-and-lost-8-at-what-price-should-she-have-sold-her-car-if-she-wanted-to-gain-as-much-as-she-lost-in-the-first-transaction/ https://www.wikitechy.com/interview-questions/profit-and-loss/riya-sold-her-car-for-50000-less-than-what-she-bought-it-for-and-lost-8-at-what-price-should-she-have-sold-her-car-if-she-wanted-to-gain-as-much-as-she-lost-in-the-first-transaction/#respond Tue, 17 Aug 2021 05:26:02 +0000 https://www.wikitechy.com/interview-questions/?p=1646

Riya sold her car for 50000 less than what she bought it for and lost 8% at what price should she have sold her car, if she wanted to gain as much as she lost in the first transaction ?

A. 625000

B. 650000

C. 675000

D. 637000

E . 670000

Answer : C. 675000

Explanation :

Let Riya bought the car at Rs. x
so, cost price = x
Sold at Rs. 50000 less than Rs. x
so, selling price = x – 50000

Also, 50000 is 8% of x
50000 = 8/100 of x
50000 = 0.08x
or, x = 50000/0.08 = 625000

So, Riya bought at Rs. 625000.
To gain what she lost in her first transaction i.e., Rs 50000 she should have sold the car at Rs. 625000 + 50000
= Rs. 6,75,000

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/riya-sold-her-car-for-50000-less-than-what-she-bought-it-for-and-lost-8-at-what-price-should-she-have-sold-her-car-if-she-wanted-to-gain-as-much-as-she-lost-in-the-first-transaction/feed/ 0 Revati brought a machine of 4,50,000 and sold it to raghu at profit. Raghu sold the machine to danush at loss of 10% for 4,95,000. What profit got ravi ? https://www.wikitechy.com/interview-questions/profit-and-loss/revati-brought-a-machine-of-450000-and-sold-it-to-raghu-at-profit-raghu-sold-the-machine-to-danush-at-loss-of-10-for-495000-what-profit-got-ravi/ https://www.wikitechy.com/interview-questions/profit-and-loss/revati-brought-a-machine-of-450000-and-sold-it-to-raghu-at-profit-raghu-sold-the-machine-to-danush-at-loss-of-10-for-495000-what-profit-got-ravi/#respond Tue, 17 Aug 2021 05:24:09 +0000 https://www.wikitechy.com/interview-questions/?p=1645

Revati brought a machine of 4,50,000 and sold it to raghu at profit. Raghu sold the machine to danush at loss of 10% for 4,95,000. What profit got ravi ?

A . 23 %

B . 21 %

C . 25 %

D . 22.22 %

Answer : D . 22.22 %

Explanation:

Raghu’s cost price (CP) is revati’s selling price (SP)
Raghu’s CP = (100/90) * 4,95,000 = 550000.
profit % = ( 100000 / 450000 ) * 100
= 22.22.

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/revati-brought-a-machine-of-450000-and-sold-it-to-raghu-at-profit-raghu-sold-the-machine-to-danush-at-loss-of-10-for-495000-what-profit-got-ravi/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