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 pharmaceutical company produces 6000 bottles of cough syrup for Rs. 1,32,000. It distributed 20% of the bottles among doctors as samples and sold 2/3 of the remaining bottles at 25% discount. The remaining bottles were sold to shopkeepers at 10% discount on the printed price of the bottle that was 50% more than the cost price. Find the profit or loss.

  1. 4% loss

  2. 2% profit

  3. 6% loss

  4. 10% profit

  5. 10% loss
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cost Price (CP) per bottle = 1,32,000 / 6000 = 22. 20% samples = 1200 bottles. Remaining = 4800. 2/3 of 4800 = 3200 sold at 25% discount on printed price (33). Selling Price (SP) = 3200 * 24.75 = 79,200. Remaining 1600 sold at 10% discount on 33. SP = 1600 * 29.7 = 47,520. Total SP = 126,720. Loss = 132,000 - 126,720 = 5,280. Loss % = (5280/132000)*100 = 4%.

Multiple choice

A shopkeeper sells some toys at $96 each. What is his profit percentage? (1) The profit is as much percentage as its cost price. (2) If the article is sold at half the price, there will be a loss of 20%.

  1. Statement (1) ALONE is sufficient, but statement (2) ALONE is not sufficient.

  2. Statement (2) ALONE is sufficient, but statement (1) ALONE is not sufficient.

  3. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

  4. EACH statement ALONE is sufficient.

  5. Statements (1) and (2) TOGETHER are NOT sufficient.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Using Statement (1), we can set up the equation CP^2 + 100CP - 9600 = 0, which uniquely determines the cost price as \$60, allowing us to find the profit percentage. Using Statement (2), selling at half price (\$48) results in a 20% loss, which directly gives the cost price as 48 / 0.8 = $60, also allowing us to find the profit percentage. Thus, each statement alone is sufficient.

Multiple choice

Mr. Y purchased a flat for Rs. 9,25,000 and spent Rs. 35,000 on its renovation. If he sold the flat for Rs. 10,80,000, then his profit percent is

  1. 15.0

  2. 17.5

  3. 20.0

  4. 12.5
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The total cost price of the flat is the purchase price plus the renovation cost, which is 9,25,000 + 35,000 = 9,60,000 rupees. The profit made is the selling price minus the total cost price, which is 10,80,000 - 9,60,000 = 1,20,000 rupees. The profit percentage is (1,20,000 / 9,60,000) * 100, which equals 12.5%.