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.

*Question 01*

**Alfred buys an article for rupees 4700, spends rupees 800 on repairing and sells it for rupees 5800, find the profit percentage?**

Given,

Cost Price = 4700

Repairing Cost = 800

Thus, **total Cost Price** = 4700+800 = 5500

Selling Price = 5800

We know, **profit percentage**=[(Selling Price – Cost Price)/Cost Price]×100

Putting values in above formula, we get

Profit percentage= (5800-5500)×100÷5500

=300×100÷5500

=300÷55

=60÷11

=5.55%