profit and loss tricks - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-tricks/ Interview Questions Mon, 20 Sep 2021 10:20:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://www.wikitechy.com/interview-questions/wp-content/uploads/2025/10/cropped-wikitechy-icon-32x32.png profit and loss tricks - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss-tricks/ 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 If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books ? https://www.wikitechy.com/interview-questions/profit-and-loss/if-books-bought-at-prices-ranging-from-rs-200-to-rs-350-are-sold-at-prices-ranging-from-rs-300-to-rs-425-what-is-the-greatest-possible-profit-that-might-be-made-in-selling-eight-books/ https://www.wikitechy.com/interview-questions/profit-and-loss/if-books-bought-at-prices-ranging-from-rs-200-to-rs-350-are-sold-at-prices-ranging-from-rs-300-to-rs-425-what-is-the-greatest-possible-profit-that-might-be-made-in-selling-eight-books/#respond Tue, 17 Aug 2021 07:17:16 +0000 https://www.wikitechy.com/interview-questions/?p=1691

If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books ?

A . 1801 gain

B . 600

C . 1200

D . 1800

Answer : D . 1800

Explanation:

Least Cost Price = Rs. ( 200 * 8 )
= Rs. 1600.

Greatest Selling Price = Rs. ( 425 * 8 )
= Rs. 3400.

Required profit = Rs. ( 3400 – 1600 )
= Rs. 1800.

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/if-books-bought-at-prices-ranging-from-rs-200-to-rs-350-are-sold-at-prices-ranging-from-rs-300-to-rs-425-what-is-the-greatest-possible-profit-that-might-be-made-in-selling-eight-books/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 A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle ? https://www.wikitechy.com/interview-questions/profit-and-loss/a-man-buys-a-cycle-for-rs-1400-and-sells-it-at-a-loss-of-15-what-is-the-selling-price-of-the-cycle/ https://www.wikitechy.com/interview-questions/profit-and-loss/a-man-buys-a-cycle-for-rs-1400-and-sells-it-at-a-loss-of-15-what-is-the-selling-price-of-the-cycle/#respond Tue, 17 Aug 2021 06:57:23 +0000 https://www.wikitechy.com/interview-questions/?p=1676

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

A. Rs. 1090

B. Rs. 1160

C. Rs. 1190

D. Rs. 1202

Answer : C. Rs. 1190

Explanation:

Selling Price (S.P) = 85% of Rs. 1400
= Rs. (85/100) * 1400
= Rs. 1190

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/a-man-buys-a-cycle-for-rs-1400-and-sells-it-at-a-loss-of-15-what-is-the-selling-price-of-the-cycle/feed/ 0 The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is ? https://www.wikitechy.com/interview-questions/profit-and-loss/the-cost-price-of-20-articles-is-the-same-as-the-selling-price-of-x-articles-if-the-profit-is-25-then-the-value-of-x-is/ https://www.wikitechy.com/interview-questions/profit-and-loss/the-cost-price-of-20-articles-is-the-same-as-the-selling-price-of-x-articles-if-the-profit-is-25-then-the-value-of-x-is/#respond Tue, 17 Aug 2021 06:52:02 +0000 https://www.wikitechy.com/interview-questions/?p=1674

The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is ?

A. 15

B. 16

C. 18

D. 25

Answer : B . 16

Explanation:

Let Cost Price of each article be Re. 1
Cost Price of x articles = Rs. x.
Selling Price of x articles = Rs. 20.
Profit = Rs. (20 – x).

So {(20 – x) / x} x 100 = 25
x = 16

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/the-cost-price-of-20-articles-is-the-same-as-the-selling-price-of-x-articles-if-the-profit-is-25-then-the-value-of-x-is/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% .

]]> 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 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 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