Profit and Loss - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss/ Interview Questions Mon, 20 Sep 2021 10:17:15 +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 - Wikitechy https://www.wikitechy.com/interview-questions/tag/profit-and-loss/ 32 32 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/ 0 100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is ? https://www.wikitechy.com/interview-questions/profit-and-loss/100-oranges-are-bought-at-the-rate-of-rs-350-and-sold-at-the-rate-of-rs-48-per-dozen-the-percentage-of-profit-or-loss-is/ https://www.wikitechy.com/interview-questions/profit-and-loss/100-oranges-are-bought-at-the-rate-of-rs-350-and-sold-at-the-rate-of-rs-48-per-dozen-the-percentage-of-profit-or-loss-is/#respond Tue, 17 Aug 2021 07:15:29 +0000 https://www.wikitechy.com/interview-questions/?p=1690

100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is ?

A. 1427% gain

B. 1427% loss

C. 15% gain

D. 15 % loss

Answer : A . 1427% gain

Explanation:

Cost Price (C.P) of 1 orange = Rs. 350/100
= Rs. 3.50

Selling Price (S.P) of 1 orange = Rs. 48/12
= Rs. 4

Gain % = ( 0.50 / 3.50 ) x 100 %
= 100/7 %
= 1427% gain

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/100-oranges-are-bought-at-the-rate-of-rs-350-and-sold-at-the-rate-of-rs-48-per-dozen-the-percentage-of-profit-or-loss-is/feed/ 0 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 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 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 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 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 A man loses 20% of his money and after spending 70% of the remainder he is left with Rs. 270. Originally, he had ? https://www.wikitechy.com/interview-questions/profit-and-loss/a-man-loses-20-of-his-money-and-after-spending-70-of-the-remainder-he-is-left-with-rs-270-originally-he-had/ https://www.wikitechy.com/interview-questions/profit-and-loss/a-man-loses-20-of-his-money-and-after-spending-70-of-the-remainder-he-is-left-with-rs-270-originally-he-had/#respond Tue, 17 Aug 2021 05:18:00 +0000 https://www.wikitechy.com/interview-questions/?p=1634

A man loses 20% of his money and after spending 70% of the remainder he is left with Rs. 270. Originally,he had ?

100%-20% = 80%
He spends 70% of 80% = 56%
Finally he remains 80%-56% = 24%
So 24% = 270rs
100% = (270/24)100 = 1125

Originally he had 1125rs

]]> https://www.wikitechy.com/interview-questions/profit-and-loss/a-man-loses-20-of-his-money-and-after-spending-70-of-the-remainder-he-is-left-with-rs-270-originally-he-had/feed/ 0