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Quantitative Ability: Profit & Loss Flashcards

6 cards from real AMCAT practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 Quantitative Ability: Profit & Loss flashcards as text

  1. A shopkeeper sells rice at Rs 12 per kg but uses a faulty 900g weight as 1kg. What is his actual profit percentage?

    Answer: 11.1%

    He receives Rs 12 for 900g whose cost is Rs 10.8. Profit = Rs 1.2. Profit% = 1.2/10.8 × 100 = 11.1%.

  2. If the cost price of 12 items equals the selling price of 9 items, what is the profit percentage?

    Answer: 33.3%

    12 CP = 9 SP → SP/CP = 12/9 = 4/3. Profit% = (1/3) × 100 = 33.3%.

  3. A trader sells goods at cost price but uses a 800g weight instead of 1kg. Find his profit percentage.

    Answer: 25%

    He gives 800g but charges for 1000g. Profit% = 200/800 × 100 = 25%.

  4. A man bought oranges at 3 for Rs 5 and sold at 5 for Rs 12. Profit or loss percentage?

    Answer: Gain 44%

    CP per orange = Rs 5/3. SP per orange = Rs 12/5. Profit% = (12/5 − 5/3)/(5/3) × 100 = (11/15)/(5/3) × 100 = 44%.

  5. A person buys 10 items for Rs 80 and sells 8 items for Rs 100. What is his profit or loss?

    Answer: Profit 56.25%

    CP per item = Rs 8. SP per item = Rs 12.5. Profit per item = Rs 4.5. Profit% = 4.5/8 × 100 = 56.25%.

  6. An item is sold for Rs 4500 at a loss of 10%. What was the cost price?

    Answer: Rs 5000

    SP = CP × 0.9 = 4500 → CP = 4500/0.9 = Rs 5000.