Quantitative Aptitude

Profit, Loss and Discount

2,604 Questions
All Basic CP/SP Percentage Relationship 874 Marked Price, Markup, and Discount 786 Partial Sales and Multiple Transactions 338 Successive Discounts 218 Cost Price of X = Selling Price of Y 180 Faulty Weight or Measure 126 Equal Profit and Loss Rates 57 Free-item Offers 23 Price and Consumption Variation 1

Profit, Loss and Discount Questions

Multiple choice

In order to maintain the price line, a trader allows a discount of $12 \%$ on the marked price of goods in his shop. However, he still makes a gross profit of $32 \%$ on the cost price. Find the profit percent he would have made on the selling price had he sold at the marked price.
  1. $33.33\%$
  2. $23.7\%$
  3. $30\%$
  4. $25\%$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP = 100. Profit = 32%, so SP = 132. Discount = 12% on MP, so 0.88 * MP = 132, which means MP = 150. If sold at MP (150), profit = 150 - 100 = 50. Profit percentage on SP = (50 / 150) * 100 = 33.33%.

Multiple choice

A fruit-seller buys oranges at $4$ for Rs. $3$ and sell them at $3$ for Rs. $4$. Find his profit percentage.
  1. $77\, \displaystyle \frac {7}{9}\%$
  2. $75\, \displaystyle \frac {9}{7}\%$
  3. $77\, \displaystyle \frac {9}{7}\%$
  4. $75\, \displaystyle \frac {7}{9}\%$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cost price of 1 orange is 3/4 = 0.75. Selling price of 1 orange is 4/3 = 1.333. Profit per orange is 4/3 - 3/4 = 7/12. Profit percentage = (Profit / CP) * 100 = ((7/12) / (3/4)) * 100 = (7/9) * 100 = 77 7/9%.