profit and loss questions - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-questions/ Interview Questions Mon, 20 Sep 2021 10:20:25 +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 questions - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-questions/ 32 32 What is price of a pair of sandles is decreased by 10% the number of pair sold incresed by 20%. What is net effect on sells ? https://www.wikitechy.com/interview-questions/percentage/what-is-price-of-a-pair-of-sandles-is-decreased-by-10-the-number-of-pair-sold-incresed-by-20-what-is-net-effect-on-sells/ https://www.wikitechy.com/interview-questions/percentage/what-is-price-of-a-pair-of-sandles-is-decreased-by-10-the-number-of-pair-sold-incresed-by-20-what-is-net-effect-on-sells/#respond Tue, 17 Aug 2021 09:56:26 +0000 https://www.wikitechy.com/interview-questions/?p=1729

What is price of a pair of sandles is decreased by 10% the number of pair sold incresed by 20%. What is net effect on sells?

A. 8 % decreases

B. 10 % decreases

C. 8 % increases

D. 10 % increases

Answer : D. 8 % increases

Explanation:

Let the original price be Rs. 100.
New final price = 120 % of (90 % of Rs. 100)
= Rs. (120/100 * 90/100 * 100)
= Rs. 108.
Increase = 8%

]]> https://www.wikitechy.com/interview-questions/percentage/what-is-price-of-a-pair-of-sandles-is-decreased-by-10-the-number-of-pair-sold-incresed-by-20-what-is-net-effect-on-sells/feed/ 0 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 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 In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit ? https://www.wikitechy.com/interview-questions/profit-and-loss/in-a-certain-store-the-profit-is-320-of-the-cost-if-the-cost-increases-by-25-but-the-selling-price-remains-constant-approximately-what-percentage-of-the-selling-price-is-the-profit/ https://www.wikitechy.com/interview-questions/profit-and-loss/in-a-certain-store-the-profit-is-320-of-the-cost-if-the-cost-increases-by-25-but-the-selling-price-remains-constant-approximately-what-percentage-of-the-selling-price-is-the-profit/#respond Tue, 17 Aug 2021 06:54:49 +0000 https://www.wikitechy.com/interview-questions/?p=1675

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit ?

A. 30%

B.70%

C. 100%

D. 250%

Answer : B .70%

Explanation:

Let Cost Price (C.P) = Rs. 100.

Then, Profit = Rs. 320, Selling Price (S.P) = Rs. 420.

New Cost Price (C.P) = 125% of Rs. 100 = Rs. 125

New Selling Price (S.P) = Rs. 420.

Profit = Rs. (420 – 125) = Rs. 295.

Required Percentage = ( (295/420) x 100 )%

= 70% (approximately).

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/in-a-certain-store-the-profit-is-320-of-the-cost-if-the-cost-increases-by-25-but-the-selling-price-remains-constant-approximately-what-percentage-of-the-selling-price-is-the-profit/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 The C.P of 15 books is equal to the S.P of 18 books. Find the gain% or loss% ? https://www.wikitechy.com/interview-questions/profit-and-loss/the-c-p-of-15-books-is-equal-to-the-s-p-of-18-books-find-the-gain-or-loss/ https://www.wikitechy.com/interview-questions/profit-and-loss/the-c-p-of-15-books-is-equal-to-the-s-p-of-18-books-find-the-gain-or-loss/#respond Tue, 17 Aug 2021 06:38:32 +0000 https://www.wikitechy.com/interview-questions/?p=1668

The C.P of 15 books is equal to the S.P of 18 books. Find the gain% or loss% ?

A. 16 2/3 % loss

B. 100/3 % loss

C. 50/3 % loss

D. 100/3 % loss

Answer : A. 16 2/3 % loss

Explanation:

Let Cost Price per book = 1
Cost of 15 books = 15
15 is obtained by selling 18 books
So Selling Price per book = 15 / 18
CP – SP = Loss
= 1 − 15 / 18
= 1 / 6
Percentage = 1 / 6 ∗ 100
= 16 2/3 % Loss

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/the-c-p-of-15-books-is-equal-to-the-s-p-of-18-books-find-the-gain-or-loss/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% .

]]> 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/feed/ 0 A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price ? https://www.wikitechy.com/interview-questions/profit-and-loss/a-watch-was-sold-at-a-loss-of-10-if-it-was-sold-for-rs-140-more-there-would-have-been-a-gain-of-4-what-is-the-cost-price/ https://www.wikitechy.com/interview-questions/profit-and-loss/a-watch-was-sold-at-a-loss-of-10-if-it-was-sold-for-rs-140-more-there-would-have-been-a-gain-of-4-what-is-the-cost-price/#respond Tue, 17 Aug 2021 05:41:23 +0000 https://www.wikitechy.com/interview-questions/?p=1655

A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price ?

A. Rs 1000

B. Rs 1140

C. Rs 860

D. Rs 760

Answer : A. Rs 1000

Explanation:

Let the cost price of the watch be x.
It was sold for 10% loss that is 90x/100

If it was sold for 140 more, the price would be 90x/100 + 140 and this would be 4% gain which is 104x/100

So, 104x/100 = 90x/100 + 140
Multiply through by 100, we have
104x =90x + 14000
Subtract 90x from both sides, we have
14x = 14000
Divide both sides by 14, we have
x = 1000
So, the cost price is 1000

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/a-watch-was-sold-at-a-loss-of-10-if-it-was-sold-for-rs-140-more-there-would-have-been-a-gain-of-4-what-is-the-cost-price/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