Aptitude Logical Reasoning Profit and Loss 2021 Competitive Exams Part 9
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1. Alok bought 25kg of rice at the rate of ₹ 6 per kg and 35 kg of rice at the rate of ₹ 7 per kg. He mixed the two and sold the mixture at the rate of ₹ 6.75 per kg. What was his gain or loss on the transaction?
A. ₹ 16 gain
B. ₹ 16 loss
C. ₹ 20 gain
D. None of these
Answer: D
2. A man sold 20 articles for ₹ 60 and gained 20 % . How many articles did he buy for ₹ 60?
A. 22
B. 24
C. 25
D. 26
Answer: B
3. A dealer professing to sell at cost price uses a 900 gms weight for a kilogram. His gain percent is:
A. 9
B. 10
C. 11
D.
Answer: D
4. By selling 12 oranges for one rupee, a man loses 20 % . How many for a rupee should he sell to get a gain of 20 % ?
A. 5
B. 8
C. 10
D. 15
Answer: B
5. By selling Toffees at 20 for a rupee, a man loses 40 % . To gain 20 % , for one rupee he must sell
A. 16 toffees
B. 20 toffees
C. 25 toffees
D. 24 toffees
Answer: A
6. Jimmy bought paper sheets for ₹ 7200 and spent ₹ 200 on transport. Paying ₹ 600 he had 330 boxes made. Which he said at ₹ 28 each. What is his profit Percentage?
A. 15.5
B. 40
C. 60
D. None of these
Answer: A
7. Ram bought 4 dozen apples at ₹ 12 per dozen and 2 dozen apples at ₹ 16 per dozen. He sold all of them to earn 20 % . At what price per dozen did he sell the apples?
A. ₹ 14.40
B. ₹ 16.00
C. ₹ 16.80
D. ₹ 19.20
Answer: B
8. A owns a house worth ₹ 10000. He sells it to B at a profit of 10 % based on the worth of the house. B sells the house back to A at a loss of 10 % in this transaction A gets
A. No profit No loss
B. Profit of ₹ 1000
C. Profit of ₹ 1100
D. Profit of ₹ 2000
Answer: C
9. When the price of a toy was increased by 20 % of the number of toys sold was decreased by 15 % . What was the effect on the sales of the shop?
A. 4 % increase
B. 4 % decrease
C. 2 % increase
D. 2 % decrease
Answer: C
10. When the Price of fans was reduced by 20 % . The number of fans sold increased by 40 % . What was the effect on the sales of rupees?
A. 12 % Increase
B. 12 % decrease
C. 30 % increase
D. 40 % increase
Answer: A
11. A man sold two houses for ₹ 7.8 lakhs each. On the one, he gained 5 % and on the other, he lost 5 % . What percent is the effect of the sale on the whole?
A. 0.25 % loss
B. 0.25 % gain
C. 25 % loss
D. 25 % gain
Answer: A
12. A horse and a cow were sold for ₹ 12000 each. The horse was sold at a loss of 20 % and the cow at a gain of 20 % . The entire transaction resulted in
A. No loss or gain
B. Loss of ₹ 1000
C. Gain of ₹ 1000
D. Gain of ₹ 2000
Answer: B
13. A merchant sold his goods for ₹ 75 at a profit percent equal to C. P. The C. P was:
A. ₹ 40
B. ₹ 50
C. ₹ 60
D. ₹ 70
Answer: B
14. Profit after selling a commodity for ₹ 425 is same as loss after selling it for ₹ 355. The cost of the commodity is:
A. ₹ 385
B. ₹ 390
C. ₹ 395
D. ₹ 400
Answer: B
15. If two mixers and one T. V cost ₹ 7000. While two T. V s and one mixer cost ₹ 9800. The value of one T. V is:
A. ₹ 2800
B. ₹ 2100
C. ₹ 4200
D. ₹ 8400
Answer: C