This is aptitude questions and answers section on Profit and Loss with the explanation for various interview, competitive examinations, and entrance tests.
__Profit and Loss Online Test - Profit and Loss Quiz Details__

__Profit and Loss Formulae__

1. Gain = (S.P.) - (C.P.)

2. Loss = (C.P.) - (S.P.)

3. Loss or gain is always reckoned on C.P.

4. Gain Percentage = Gain x 100/C.P

5. Loss Percentage = Loss x 100/C.P

6. Selling Price = (100 + Gain %)x C.P/100

7. Selling Price = (100 - Loss %)x C.P/100

8. Cost Price = 100x S.P/(100 + Gain %)

9. Cost Price = 100x S.P/(100 - Loss %)

Online Test Name |
Profit and Loss |

Exam Type |
Multiple Choice Questions |

Category |
Aptitude Quiz |

Number of Questions |
151 |

2. Loss = (C.P.) - (S.P.)

3. Loss or gain is always reckoned on C.P.

4. Gain Percentage = Gain x 100/C.P

5. Loss Percentage = Loss x 100/C.P

6. Selling Price = (100 + Gain %)x C.P/100

7. Selling Price = (100 - Loss %)x C.P/100

8. Cost Price = 100x S.P/(100 + Gain %)

9. Cost Price = 100x S.P/(100 - Loss %)

1. A cycle is bought for Rs.900 and sold for Rs.1080, find the gain percent?
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2. An article is bought for Rs.675 and sold for Rs.900, find the gain percent?
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3. An article is bought for Rs.600 and sold for Rs.500, find the loss percent?
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4. The cost price of a radio is Rs.1500 and it was sold for Rs.1230, find the loss %?
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5. A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price?
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Answer: Option A

Explanation:

90%

104%

--------

14% ---- 140

100% ---- ? => Rs.1000