Aptitude Day 352

Problems on Profit and Loss:

1. A buys an old scooter for 3000 and spends 500 on its repairs. If he sells the scooter 4000, his gain percent is:

Solution:

                 Gain % = 500/3500 * 100

                              = 14.29%.

2. A purchased 50 kg of potatoes for 350 and sold the whole lot at the rate of 12 per kg. What will be his gain percent?

Solution:

                  Cost of 1 kg = 350/50

                                       = 7.

                  Gain % = 5/7 * 100

                               = 71. 43%.