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

A wholesaler allows a discount of 20% on the list price to a retailer. The retailer sells at 8% discount on the list price. The profit percent earned by the retailer is

  1. 20%

  2. 15%

  3. 12%

  4. 8%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the list price be 100. The wholesaler sells to the retailer at 20% discount, so the retailer's cost price is 80. The retailer sells at 8% discount on list price, so the selling price is 92. Profit = 92 - 80 = 12. Profit percent = (12 / 80) * 100 = 15%.

Multiple choice

Gagan paid Rs. 1,500 to buy a stock of 125 handcrafted key chains. As per the order, he sold them at a rate of Rs. 156 for a dozen handcrafted key chains. Calculate the percentage of profit of loss.

  1. Gain = 8.3333%

  2. Loss = 12.2454%

  3. Profit = 12.45%

  4. Loss = 12.1454%

  5. NA
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The cost per key chain is 1500/125 = Rs. 12. The selling price is 156/12 = Rs. 13 each, so the profit is Rs. 1 per chain, or 1/12 x 100 = 8.3333%.