Quantitative Aptitude

Read aptitude questions on profit and loss, profit and loss aptitude tutorial, frequently asked quantitative aptitude questions on profit and loss,profit and loss questions for bank exam, profit and loss questions for CAT, GRE, GMAT

Profit and Loss Part 1:

Rule :  Profit = Selling Price - Cost Price  Loss = Cost Price - Selling Price  Gain or Loss Percentage = ( Loss or Gain / Cost Price )* 100 Ex. If a man purchases 11 balls for Rs 10 and sells 10 balls for Rs. 11 , How much profit or loss does he make ? Solution : Cost price of one ball = 10 / 11 , Selling Price of one ball 11 / 10 So % profit or loss will be = [( 11 / 10 - 10 / 11 ) / 10 / 11 ] * 100 = 21 % Rule : If a grocer sells its goods at cost price, but uses a false weigt instead of true weight. Then Gain percentage will be : Ex. A dealer sell its rice at cost price, but uses its weight 900 gm for kg. Find hig gain percentage. Solution : % Gain = [ True Weight - False Weight ] / False Weight   Gain % = [ ( 1000 - 900 ) / 900 ] * 100 = 1 * 100 / 9 = 11 . 11 % Rule : If a shopkeeper sells his goods at x % loss on cost price but uses y gm instead of z gm, then his % profit or loss is Rule : If a shopkeeper sells his goods at x % gain on cost price but uses y gm instead of z gm, then his % profit is Ex. A seller uses 900 gm in place of one kg to sell his goods. Find his actual % profit or loss When he sells his articles at 5 % loss on cost price ? Ex. A seller uses 900 gm in place of one kg to sell his goods. Find his actual % profit or loss When he sells his articles at 5 % profit on cost price ? Profit and Loss Part-2                                                               Rule : If a businessman marks his goods at x % above his cost prie and allowed purchasers a discount of y % for cash, then % proft or % loss according to + ve or - ve sign is will be Ex. A grocer allows a discount of 8 % . How much % above cost price he must mark his goods to make a profit of 12 % ? Solution : Rule : Goods Passing through successive hands :- If A sells a good to B at profit of x %, B sells it to C at a profit of y %. If P Rs. is paid by C then what was the cost price for A? Ex. If A sells a good to B at profit of 15 %, B sells it to C at a profit of 20 %. If 300 Rs. is paid by C then what was the cost price for A? Rule : If A takes a profit of x % by selling it to B and B takes a profit of y % by selling it to C then the resultant profit percentage is given by - Rule : If A takes a profit of x % by selling it to B and B takes a loss of y % by selling it to C then the resultant profit percentage is given by - Ex. If A sells a good to B at profit of 15 %, B sells it to C at a profit of 20 %. What is the resultant profit and loss ? Ex. By selling a shirt at price 500 a trader get loss of 10 %. At what price he must sell the shirt in order to get 5 % of profit ? Solution : Use the formula of Goods Passing through successive hands, here for loss x will be -10 % Latest Update Follow with Us  IBPS IS MY DREAM