Aptitude Solved Problems - Profit and Loss
Aptitude Solved Problems - Profit and Loss 1. 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. Find his profit percent ? Answer: 5 % Explanation: Cost Price of 26 kg of rice = ( 26 * 20 ) = Rs. 520 Cost Price of 30 kg of rice = ( 30 * 36 ) = Rs. 1080 Cost Price of 56 kg rice = Rs. ( 520 + 1080 ) = Rs. 1600 Selling Price of 56 kg rice = Rs. ( 56 * 30 ) = Rs. 1680 Gain = Selling Price - Cost Price = 1680 - 1600 = 80 Gain % = ( Gain * 100 ) / Cost Price = ( 80 * 100 ) / 1600 = ( 8000 / 1600 ) = ( 80 / 16 ) = 5 % 2. Vimal bought paper sheets for Rs. 7200 and spent Rs. 200 on transport. Paying Rs. 600, he had 330 boxes made, which he sold at Rs 28 each. Find his profit percentage ? Answer: 15.5 % Explanation Total investments ( Cost Price ) = ( 7200 + 200 + 600 ...