Profit and Loss - Aptitude Questions and Answers Part 4
16. A man sells a bike and earns a profit of 10%. For the next bike, he decides to charge double the selling price. Calculate is profit percentage on second bike.
a. 20%
b. 110%
c. 120%
d. 160%
17. A shopkeeper sells bookshelves at a profit of 25%. The supplier reduces the cost by Rs 300/-, so he reduces the selling price also by Rs 300/-. However, his profit percentage in this case becomes 30%. What was the original price of the book shelf?
a. Rs. 1200
b. Rs. 1500
c. Rs. 1800
d. Rs. 2000
18. A man sells his farm for Rs 6,30,000/-, earning a profit of 5%. If he had sold it for Rs 5,00,000/-, find his profit/ loss percentage.
b. 10%
19. A shopkeeper buys gum bears at 6 for a rupee. How many gum bears should he sell for a rupee to earn a profit of 20%?
a. 3
b. 4
c. 5
d. 6
20. A grocery shop owner buys wheat in a large quantity. He sells half the wheat at 20% profit, hald of the remaining at 20% loss and rest at cost price. Find his gain/ loss percentage in the whole transaction.
a. 5% loss
b. 5% gain
c. 10% gain
d. Neither gain nor loss
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