profit and loss statement - Interview Questions

profit and loss statement

A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle ?

Answer : C. Rs. 1190

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 ?

Answer : B . 5511%

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 ?

Answer : D. 20%

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 ?

Answer : C.

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 ?

Answer : C . 12 %