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 man buys a machine for Rs. 5,000. After one year, he sells it for Rs. 6,000. After two years, again he buys the same machine at Rs. 8,000 and sells it for Rs. 10,000. Find his overall profit percentage for both the transactions.

  1. 20.23%

  2. 23.08%

  3. 18.75%

  4. 15.23%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total cost price = 5000 + 8000 = 13000. Total selling price = 6000 + 10000 = 16000. Total profit = 3000. Profit percentage = (3000 / 13000) * 100 = 300 / 13 = 23.0769%, which rounds to 23.08%.

Multiple choice

Products pass successively through the hands of three traders and each of them sells his goods at a profit of 30% of his cost price. If the last trader sold the products for Rs. 300, then how much did the first trader pay for them?

  1. Rs. 330.55 (approx.)

  2. Rs. 136.55 (approx.)

  3. Rs. 240.55 (approx.)

  4. Rs. 137.55 (approx.)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the initial price be P. P * 1.3 * 1.3 * 1.3 = 300. P * 2.197 = 300. P = 300 / 2.197 = 136.55.

Multiple choice

Rajnish bought an item at 25% discount on the printed price. He sold it at 10% discount on the printed price. What is his profit in percentage?

  1. 10

  2. 15

  3. 17.5

  4. 20

  5. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let the printed price of the item be Rs. 100. Rajnish buys it at a 25% discount, making his cost price Rs. 75. He then sells it at a 10% discount on the printed price, making his selling price Rs. 90. His profit is Rs. 90 - Rs. 75 = Rs. 15, which represents a profit percentage of (15 / 75) * 100 = 20%.

Multiple choice

A faulty weighing machine reads 1 kg when 900 gm is actually weighted on it. The shopkeeper marked the price of his goods by 10%, but unfortunately he was caught by the metrology department and then they ordered him to repair his weighing machine and gave punishment to sell the goods at 10% discount on cost price for a month. If each customer is now paying Rs. 20 for 1 kg, then before the raid _______ amount they have paid for the same quantity. (Rounded off to two places of decimal)

  1. Rs. 27.16

  2. Rs. 27.04

  3. Rs. 28.05

  4. Rs. 28.15
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Faulty machine: 900g costs Rs. 20 (price for 1kg). So 1kg costs (20/900)*1000 = 22.22. Marked price = 22.22 * 1.10 = 24.44. Before the raid, the shopkeeper sold 900g for Rs. 20. The price per kg was 20/0.9 = 22.22. The question asks for the amount paid for the same quantity (1kg) before the raid, which is 22.22 * 1.222... = 27.16.