Profit & Loss · Question 26 · Medium
Profit & Loss question 26
Farhan buys two scooters for ₹50,000 each. He sells one at a profit of 20% and the other at a loss of 12%. What is his overall profit or loss percentage?
- 4% profit
- 8% profit
- 4% loss
- 16% profit
Answer and explanation
Answer: A. 4% profit
Explanation: SP total = 60,000 + 44,000 = ₹1,04,000 on a cost of ₹1,00,000. Overall profit = 4,000/1,00,000 × 100 = 4%.
Previous: A dealer buys 80 LED bulbs at ₹50 each. 8 of them turn out to be defective and… · Next: An article is sold at a 10% profit. Had it been bought for 10% less and sold…
Practise profit & loss
Try a fresh set of profit & loss questions with an explanation after every answer, free and without signing up: Profit & Loss practice. Or sit a full placement mock test.
More profit & loss questions
- A shopkeeper sells 15 notebooks and his profit equals the selling price of 3…
- Successive discounts of 25% and 20% are equivalent to a single discount of…
- A dealer buys 80 LED bulbs at ₹50 each. 8 of them turn out to be defective and…
- An article is sold at a 10% profit. Had it been bought for 10% less and sold…
- A dishonest shopkeeper uses false weights to get 10% more than the stated…
- A retailer marks a refrigerator 30% above its cost price. He allows a 10%…
- By selling 45 lemons for ₹40, a vendor loses 20%. How many lemons should he…
More quantitative aptitude practice
Simple & Compound Interest · Ratio & Proportion · Averages · Problems on Ages · Mixtures & Alligation · Time & Work · Pipes & Cisterns · Time, Speed & Distance
LogicWiz Exams home · All practice topics · Placement mock tests · Daily 10 challenge