Aptitude Day 354

Answers of Day 353: 1. 25%

                                    2. 1350.

Problems on Profit and Loss:

1. A purchased a machine for 50,000 and spent 3,000 on repair and 500 on transport and sold it with 10% profit. At what price did he sell the machine?

Solution:

                   110/100 * 53,500 = 58,850.

2. When a plot is sold for 18,000, the owner loses 10%. At what price must the plot be sold in order to gain 10%?

Solution:

                 x = (18,000*110)/90

                    = 22,000.