A milkman purchases the milk at Rs. x per litre and sells it at Rs. 2x per litre still he mixes 2 litres water with every 6 litres of pure milk. What is the profit percentage?

A) 116% | B) 166.66% |

C) 60% | D) 100% |

Explanation:

Let the cost price of 1 litre pure milk be Re.1, then

and 8 litre mixture SP 8 x 2 = Rs.16

Profit =

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Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability

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 |

Explanation:

Let C.P. of each article be Re. 1 C.P. of *x* articles = Rs. *x*.

S.P. of *x* articles = Rs. 20.

Profit = Rs. (20 - *x*).

2000 - 100*x* = 25*x*

125x=2000

x=16

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Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability

By selling 45 lemons for Rs 40, a man loses 20 %. How many should he sell for Rs 24 to gain 20 % in the transaction ?

A) 16 | B) 18 |

C) 20 | D) 22 |

Explanation:

Let S.P. of 45 lemons be Rs. x.

Then, 80 : 40 = 120 : x or x = = 60

For Rs.60, lemons sold = 45

For Rs.24, lemons sold == 18.

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Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability

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% |

Explanation:

C.P. of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.

S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680.

Gain =% = 5%

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Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability

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) 600 | B) 1200 |

C) 1800 | D) none of these |

Explanation:

Least Cost Price = Rs. (200 * 8) = Rs. 1600.

Greatest Selling Price = Rs. (425 * 8) = Rs. 3400.

Required profit = Rs. (3400 - 1600) = Rs. 1800.

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Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability