Tips on cracking Aptitude Questions Based on Profit & Loss

1
Formula for Cracking Aptitude Questions on Profit
and Loss
2
Formula 1 Reduce the problem to one equation
and use the formula Selling Price Cost Price
(1 0.01 x profit_percentage)

• Question Alfred buys an old scooter for Rs. 4700
  and spends Rs. 800 on its repairs. If he sells
  the scooter for Rs. 5800, what is his gain
  percent?
• Solution
• Net C.P. Cost Repairs Rs. 4700 800 Rs.
  5500
• S.P. Rs. 5800
• Now, 5800 5500(10.01p)
• p 300/(550x0.01) 5.45

Question By selling a Jeans for 432, John
loses 4. For how much should John sell it to
gain 6? Solution For the first transaction,
we have 432 C.P. (1-0.04) C.P. 0.96 gt
C.P. 432/0.96 For the second transaction, we
have S.P. C.P. (10.06) (432/0.96)
1.06 S.P. 477
3
About Us

• LearningPundits helps Job Seekers make great CVs,
  master English Grammar and Vocabulary , ace
  Aptitude Tests , speak fluently in a Group
  Discussion and perform well in Interviews.
• We also conduct weekly online contests on
  Aptitude and English. Job Seekers can also apply
  for jobs on LearningPundits.
• You can read more about Tips on cracking Aptitude
  Questions on Profit Loss.