#### Profit and Loss Question & Answers

ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. What is the loss incurred by ITC?

A) 1% | B) 2% |

C) 4% | D) 0% |

Explanation:

loss % = %

= % = 4%

Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability

Tags: ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. What is the loss incurred by ITC

- Related Questions

A women goes to market with Rs.500 to buy oranges.the prices of the oranges have decreased by 10% so he could buy 2kg more with the amount she had.What was the original price of the oranges ?

A) 22.77 | B) 25.77 |

C) 27.77 | D) 29.77 |

Explanation:

If the price of the oranges decreases by 10%, the woman would save 10% of the money that is Rs.50 to buy the same amount as before.Now in Rs50 she can buy 2 kg more, therefore the current price of 1 kg of oranges is Rs25.Now this current price is after 10% reduction.

Therefore, the original price =

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Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability

A retailer buys product from a shopkeeper at discount of 40% on the list price (marked price) and sells them to the customer at a discount of 25% on the list price.What is his profit percentage ?

A) 10% | B) 15% |

C) 20% | D) 25% |

Explanation:

Let the list price be Rs.100.

Therefore,the retailer is buying the products at Rs.60 and selling it to the customer at Rs.75, earning a profit of Rs.15.

Therefore, his percentage is = 25%

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Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability

A shopkeeper sells one-third of his goods at a profit of 10%, another one-third at a profit of 20%, and the rest at a loss of 6%.What is his overall profit percentage ?

A) 6% | B) 8% |

C) 10% | D) 12% |

Explanation:

Let the shopkeeper buy 300g for Rs.300. Now he sells 100g for Rs.110, another 100g for Rs120, and the rest 100g for Rs94.

Therefore, the total amount he receives = Rs.110 + Rs.120 + Rs.94 = 324.

Therefore, the shopkeeper spends Rs.300 and gets back Rs.324.

Therefore, his profit percentage = % = 8%

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Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability

By selling an article at Rs.800, a shopkeeper makes a profit of 25%.At what price should he sell the article so as to make a loss of 25%?

A) Rs.720 | B) Rs.640 |

C) Rs.540 | D) Rs.480 |

Explanation:

SP = Rs.800 ; Profit = 25%

Now, CP = Rs.640

Loss = 25% = 25% of Rs.640 = Rs.160

Thus, SP = CP - Loss = Rs.640 - Rs.160 = Rs.480

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Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability

A Shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net Profit or loss that he makes?

A) 4% | B) 5% |

C) 6% | D) 8% |

Explanation:

SP of first article = Rs.1000

Profit = 20%

SP of Second Article = Rs.1000

Loss = 20%

So, Total SP = Rs.2000; Total CP = Rs.6250/3

As the CP is more than SP, he makes a loss.

Loss = CP - SP = (6250/3) - 2000 = Rs.(250/3)

So, Loss Percent = = 4%

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Subject: Profit and Loss - Quantitative Aptitude - Arithmetic Ability