trading profit and loss account - Wikitechy https://www.wikitechy.com/interview-questions/tag/trading-profit-and-loss-account/ Interview Questions Mon, 20 Sep 2021 10:17:15 +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 trading profit and loss account - Wikitechy https://www.wikitechy.com/interview-questions/tag/trading-profit-and-loss-account/ 32 32 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% .

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