Profit and Loss is one of the important chapter of Quantitative Aptitude syllabus. The chapter is easy but requires considerable practice in order to ace its questions in exam.
I have provided some of its important questions for your practice.
Alfred buys an article for rupees 4700, spends rupees 800 on repairing and sells it for rupees 5800, find the profit percentage?
Cost Price = 4700
Repairing Cost = 800
Thus, total Cost Price = 4700+800 = 5500
Selling Price = 5800
profit percentage=[(Selling Price – Cost Price)/Cost Price]×100
Putting values in above formula, we get
Profit percentage= (5800-5500)×100÷5500