# Profit and Loss#
#QUANTATIVE APTITUDE(PROFIT & LOSS)# Here we are creating question sample in Profit and loss, which is common for all the competitive exams. We have included Some questions that are repeatedly asked in exams!!! 1.Arun went to buy an Android mobile, the shopkeeper told him to pay 20% tax if he asked the bill. Arun manages to get the discount of 5% on the actual sale price of the mobile and he paid the shopkeeper Rs. 8550 without tax. Besides he manages to avoid to pay 20% tax on the already discounted price, what is the amount of discount? A.2685 B.2636 C.2250 D.2675 E.2690 Answer & Explanation Answer – C.2250 Explanation : CP = 100, SP (with tax) =120 New SP = 100 – 5 = 95 Discount = 120 – 95 = 25 Discount = 25/95 * 8550 = 2250 2.Cost Price of two mobiles is same. One is sold at a profit of 20% and the other for Rs. 5200 more than the first. If the net profit is 40%. Find the cost price of each mobile? A. Rs. 13000 B. Rs. 12000 C. Rs. 16000 D. Rs. 12500 E. None of