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

Karan bought a certain number of note-books for Rs. 1200. He sold $\displaystyle \frac {1}{4}$ of them at 5 percent loss. At what price should he sell the remaining note-books so as to gain 10% on the whole ?
  1. Rs $1,131$
  2. Rs $1,181$
  3. Rs $1,035$
  4. Rs $1,190$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Total CP = 1200. Target gain = 10%, so target SP = 1200 * 1.1 = 1320. 1/4 of notebooks (CP = 300) sold at 5% loss = 300 * 0.95 = 285. Remaining CP = 900. Required SP for remaining = 1320 - 285 = 1035.

Multiple choice

A trader buys some T-shirts at 10% rebate on printed price $Rs 450$ per piece. For a long time he could not sell any T-shirt, so he sells it for $Rs 360$ per piece. What amount of profit or loss per piece does he make? How much percentage of rebate does a customer earn?
  1. Loss Rs $70, 20%$ Rebate
  2. Loss Rs $45, 30%$ Rebate
  3. Loss Rs $45, 20%$ Rebate
  4. Loss Rs $55, 10%$ Rebate
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Printed price = 450. Trader buys at 10% rebate = 450 - 45 = 405. Trader sells at 360. Loss = 405 - 360 = 45. Customer rebate: The customer buys at 360, printed price 450. Rebate = (450-360)/450 = 90/450 = 20%.

Multiple choice

If a discount of $10\%$ is given on the marked price of a book, the publisher gains $20\%$. If the discount is increased to $15\%$, the gain is __________.
  1. $\displaystyle 16\frac{2}{3}\%$
  2. $\displaystyle 13\frac{1}{3}\%$
  3. $\displaystyle 15\frac{1}{6}\%$

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let MP = 100. Discount 10% -> SP = 90. Gain 20% -> CP = 90 / 1.2 = 75. If discount is 15%, SP = 85. Profit = 85 - 75 = 10. Profit % = (10 / 75) * 100 = 13.33% = 13 1/3%.

Multiple choice

A persoan purchases 100 pens at a discount of 10%. The net amount of money spent by the persoan to purchase the pens is Rs 600. The selling expenses incurred by the person are 15% on the net cost price. What should be the selling price for 100 pens in order to earn a profit of 25%?

  1. Rs. 802.50

  2. Rs 811.25

  3. Rs. 862.50

  4. Rs 875
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The net purchase cost is Rs 600, and selling expenses are 15% of this, or Rs 90. The total cost is Rs 690, so a 25% profit requires a selling price of 690 × 1.25 = Rs 862.50.

Multiple choice

State 'T' for true and 'F' for false (i) Mr.Prateek has a total of Rs.15000.He spends $35\%$ of his money on his child's education and save the rest Rs.9750. (ii) In the second terminal examination, Trishu scored 65 marks in English, 75 marks in Hindi, 65 marks in Social Science, 82 marks in Maths and 91 marks in Science.If the maximum marks for each subject is 100, the percentage of his aggregate marks is $75\%$ (iii) Sidak bought 100 dozen pencils at $20\%$ per dozen.She sold the pencils at Rs. 2 each.her loss per cent is $20\%$

  1. F F T

  2. T F T

  3. F T T

  4. T F F
Reveal answer Fill a bubble to check yourself
D Correct answer
Multiple choice

A bookshop owner purchased $100$ notebooks for Rs$15$ each. However, $5$ notebooks had to be return as few pages were torn from them. The remaining notebooks were sold at Rs$18$ each. Find the gain or loss percent.
  1. $10\%$ gain
  2. $14\%$ gain
  3. $12\%$ loss
  4. $8\%$ loss
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost price = 100 * 15 = 1500. Remaining notebooks = 95. Selling price = 95 * 18 = 1710. Gain = 1710 - 1500 = 210. Gain percent = (210 / 1500) * 100 = 14%.