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 dishonest dealer marks up the price of his goods by 20% and gives a discount of 10% to the customer. He also uses a 900g weight instead of 1 kilogram weight. Find his profit percentage

  1. 8

  2. 12

  3. 20

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let the cost price of 1000g be 100. The dealer marks it up by 20% to 120 and gives a 10% discount, making the selling price 108. Since he uses 900g instead of 1000g, his actual cost for the goods sold is 90. The profit is 108 - 90 = 18, and the profit percentage is (18/90) * 100 = 20%.

Multiple choice

Pooja wants to sell a watch at a profit of 20%. She bought it at 10% less and sold it at 30 less, but still she gained 20%. The cost price of watch is

  1. 240

  2. 220

  3. 250

  4. 225

  5. 0
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let the original cost price be x. The original selling price is 1.2x. If she buys it at 10% less (0.9x) and sells it for 30 less (1.2x - 30), she gains 20%, meaning the new selling price is 1.2 * 0.9x = 1.08x. Setting 1.2x - 30 = 1.08x gives 0.12x = 30, which yields x = 250.