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Profit & Loss (Mathematics) Solved Questions & Notes (2026) - Apex Rankers

General Competitive Exams > Mathematics > Profit & Loss

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Profit & Loss

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Q. 1 Quantitative Aptitude Test
Difficulty: Hard (1 Mark)
An article with a cost price of Rs. 2,000 was sold for Rs. 2,500. What is the profit percentage?
A
20%
B
25%
✓ Correct
C
30%
D
35%
💡 Step-by-Step Explanation & Concept Rationale
The profit earned is: \[\text{Profit} = 2500 - 2000 = \text{Rs. } 500\] \[\text{Profit Percentage} = \frac{\text{Profit}}{\text{Cost Price}} \times 100\% = \frac{500}{2000} \times 100\% = 25\%\] Thus, the correct option is (B).
Q. 2 Quantitative Aptitude Test
Difficulty: Hard (1 Mark)
A television set is purchased for Rs. 8,000 and sold at a 10% loss. What is the selling price?
A
Rs. 7,000
B
Rs. 7,100
C
Rs. 7,200
✓ Correct
D
Rs. 7,500
💡 Step-by-Step Explanation & Concept Rationale
The cost price is $\text{CP} = \text{Rs. } 8000$ and loss is \%$. \[\text{Loss} = 8000 \times 0.10 = \text{Rs. } 800\] \[\text{Selling Price (SP)} = 8000 - 800 = \text{Rs. } 7200\] Thus, the correct option is (C).
Q. 3 Quantitative Aptitude Test
Difficulty: Hard (1 Mark)
A merchant bought a chair for Rs. 1,540 and sold it to earn a profit of 25%. What is the selling price?
A
Rs. 1,850
B
Rs. 1,900
C
Rs. 1,925
✓ Correct
D
Rs. 2,000
💡 Step-by-Step Explanation & Concept Rationale
The cost price is $\text{CP} = \text{Rs. } 1540$ and profit is \%$. \[\text{Profit} = 1540 \times 0.25 = \text{Rs. } 385\] \[\text{Selling Price (SP)} = \text{CP} + \text{Profit} = 1540 + 385 = \text{Rs. } 1925\] Thus, the correct option is (C).
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