Aptitude Day 355

Problems on Profit and Loss:

1. A fruit seller sells apples at the rate of 5 per kg and thereby loses 10%. At what price per kg, he should have sold them to make a profit of 8%?

Solution:

                  90: 5 = 108: x

                  x = 5*108/90

                     = 6.

2. The ratio of the cost price and the selling price is 2: 3. The profit percent is:

Solution:

                  3x-2x = x.

                  Profit % = x/2x * 100

                                 = 50%.