XAT Profit and Loss Practice Questions With Solutions

The cost of running a movie theatre is Rs. 10,000 per day, plus additional Rs. 5000 per show. The theatre has 200 seats. A new movie released on Friday. There were three shows, where the ticket price was Rs. 250 each for the first two shows and Rs. 200 for the late-night show.
For all shows together, total occupancy was 80%. What was the maximum amount of profit possible?

A farmer has a triangular plot of land. One side of the plot, henceforth called the base, is 300 feet long and the other two sides are equal. The perpendicular distance, from the corner of the plot, where the two equal sides meet, to the base, is 200 feet. To counter the adverse effect of climate change, the farmer wants to dig a circular pond. He plans that half of the circular area will be inside the triangular plot and the other half will be outside, which he will purchase at the market rate from his neighbour. The diameter of the circular plot is entirely contained in the base and the circumference of the pond touches the two equal sides of the triangle from inside.
If the market rate per square feet of land is Rs. 1400, how much does the farmer must pay to buy the land from his neighbour for the pond? (Choose the closest option.)

Jose borrowed some money from his friend at simple interest rate of 10% and invested the entire amount in stocks. At the end of the first year, he repaid 1/5th of the principal amount. At the end of the second year, he repaid half of the remaining principal amount. At the end of third year, he repaid the entire remaining principal amount. At the end of the fourth year, he paid the last three years’ interest amount. As there was no principal amount left, his friend did not charge any interest in the fourth year. At the end of fourth year, he sold out all his stocks. Later, he calculated that he gained Rs. 97500 after paying principal and interest amounts to his friend. If his invested amount in the stocks became double at the end of the fourth year, how much money did he borrow from his friend?

Separately, Jack and Sristi invested the same amount of money in a stock market. Jack’s invested amount kept getting reduced by 50% every month. Sristi’s investment also reduced every month, but in an arithmetic progression with a common difference of Rs. 15000. They both withdrew their respective amounts at the end of the sixth month. They observed that if they had withdrawn their respective amounts at the end of the fourth month, the ratio of their amounts would have been the same as the ratio after the sixth month.
What amount of money was invested by Jack in the stock market?

Rajnish bought an item at 25% discount on the printed price. He sold it at 10% discount on the printed price. What is his profit in percentage?

Sheela purchases two varieties of apples - A and B - for a total of Rupees 2800. The weights in kg of A and B purchased by Sheela are in the ratio 5 : 8 but the cost per kg of A is 20% more than that of B. Sheela sells A and B with profits of 15% and 10% respectively.

What is the overall profit in Rupees?

A shop sells bags in three sizes: small, medium and large. A large bag costs Rs.1000, a medium bag costs Rs.200, and a small bag costs Rs.50. Three buyers, Ashish, Banti and Chintu, independently buy some numbers of these types of bags. The respective amounts spent by Ashish, Banti and Chintu are equal. Put together, the shop sells 1 large bag, 15 small bags and some medium bags to these three buyers. What is the minimum number of medium bags that the shop sells to them?

X, Y and Z start a web-based venture together. X invests Rs. 2.5 lakhs, Y invests Rs. 3.5 lakhs, and Z invests Rs. 4 lakhs. In the first year, the venture makes a profit of Rs. 2 lakhs. A part of the profit is shared between Y and Z in the ratio of 2:3, and the remaining profit is divided among X, Y and Z in the ratio of their initial investments. The amount that Z receives is four times the amount that X receives. How much amount does Y receive?

A computer is sold either for Rs.19200 cash or for Rs.4800 cash down payment together with five equal monthly installments. If the rate of interest charged is 12% per annum, then the amount of each installment (nearest to a rupee) is: