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

An article passing through two hands is sold at a profit of $38\%$ at the original cost price. If the dealer makes a profit of $20\%$, then the profit per cent made by the second is:
  1. $15$
  2. $12$
  3. $10$
  4. $5$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let original cost be 100. Total profit is 38%, so final SP = 138. Dealer makes 20% profit on his purchase price (CP2). Let CP2 be x. 1.2x = 138. x = 115. The profit made by the second person is 115 - 100 = 15%.

Multiple choice

I purchase 120 exercise books at the rate of Rs. 3 each and sold $\frac {1}{3}$rd of them at the rate of Rs.4 each, $\frac {1}{2}$ of them at the rate of Rs.5 each and the rest at the cost price. My profit percentage was:
  1. $44$%
  2. $44\dfrac {4}{9}$%
  3. $44\dfrac {2}{3}$%
  4. $45$%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total books = 120. Cost = 120 * 3 = 360. Sales: (1/3)*120 = 40 books at 4 = 160. (1/2)*120 = 60 books at 5 = 300. Remaining = 120 - 40 - 60 = 20 books at 3 = 60. Total Revenue = 160 + 300 + 60 = 520. Profit = 520 - 360 = 160. Profit % = (160 / 360) * 100 = (16/36) * 100 = (4/9) * 100 = 44.44%.

Multiple choice

Sanjay sold a bicycle to Salman at $46\%$ profit. Salman spent Rs. $40$ on repairs and sold it to Sunil for Rs. $1500$. In this deal, Salman made neither profit nor loss. What is the cost price for Sanjay?
  1. Rs. $900$
  2. Rs. $960$
  3. Rs. $1000$
  4. Rs. $1060$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Salman sold the bike for 1500 with no profit or loss, meaning his total cost was 1500. Since he spent 40 on repairs, the purchase price from Sanjay was 1500 - 40 = 1460. Sanjay sold it at 46 percent profit, so 1.46 * Cost = 1460, which gives Cost = 1000.