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 shopkeeper has 80 kg pure sugar. He mixes a certain quantity of salt (in kg) in it and made profit of 25% by selling the mixture at its cost price. If cost price of pure sugar was Rs. 24 per kg then how much amount of salt the shopkeeper mixed to the pure sugar (Assume cost of salt to be zero)?

  1. 10 kg

  2. 25 kg

  3. 20 kg

  4. 24 kg

  5. 40 kg
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let x be the amount of salt. Total cost = 80 * 24 = 1920. Selling price = 1920 * 1.25 = 2400. Since it is sold at cost price per kg (24), the total weight of the mixture is 2400 / 24 = 100 kg. Salt added = 100 - 80 = 20 kg.

Multiple choice

An article is sold at a profit of 14%. If both the cost price and selling price are decreased by Rs 132, the profit percentage would be 12% more than previous percentage. Find the cost initial price.

  1. Rs 286

  2. Rs 268

  3. Rs 266

  4. Rs 276
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP = x. Initial profit is 0.14x, so SP = 1.14x. New CP = x - 132 and new SP = 1.14x - 132. The new profit percentage is 14% + 12% = 26%. Thus, (1.14x - 132) / (x - 132) = 1.26. Solving for x yields x = 286.