Profit, Loss and Discount Questions

Multiple choice
  1. $65\%$
  2. $80\%$
  3. $85\%$
  4. $90\%$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the manufacturing cost be 100. After 20% profit, wholesaler pays 120. Wholesaler sells at 25% profit: 120 * 1.25 = 150. Retailer sells at 20% profit: 150 * 1.20 = 180. The increase over 100 is 80%.

Multiple choice
  1. $\displaystyle4\frac{1}{6}\%$
  2. $\displaystyle4\frac{1}{3}\%$
  3. $\displaystyle4\frac{1}{2}\%$
  4. 5%

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

CP = 0.96 * SP. Profit = SP - CP = SP - 0.96 * SP = 0.04 * SP. Profit % = (Profit / CP) * 100 = (0.04 * SP / 0.96 * SP) * 100 = (4/96) * 100 = 100/24 = 25/6 = 4.166... = 4 1/6%.

Multiple choice
  1. $(i) Rs. 140$  $(ii) Rs. 200$
  2. $(i) Rs. 210$  $(ii) Rs. 180$
  3. $(i) Rs. 150$  $(ii) Rs. 100$
  4. $(i) Rs. 240$  $(ii) Rs. 120$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The wholesaler's input tax is 12% of Rs. 6,000 and output tax is 12% of Rs. 8,000, so VAT paid is Rs. 240. The retailer's input tax is Rs. 960 and output tax is 12% of Rs. 9,000, so VAT paid is Rs. 120.