Aptitude Day 349

Problems on Profit and Loss:

1. If the selling price of 120 articles is equal to the cost price of 80 articles, then the loss or gain percent is:

Solution:

                Loss = 40/120*[100] 

                        = 33(1/3)%

2. On an order of 9 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of:

Solution:

                 Equivalent discount = 1/10*[100] 

                                                  = 10%