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

What is the marked price of the washing machine? (A) After giving a discount of 15%, the selling price is Rs. 170/-. (B) The marked price is 150% of the cost price of the machine.

  1. If the question can be solved using any one of the statements.

  2. If the question can be solved using either of the statements.

  3. If the question can be solved using both but not either alone.

  4. If the question cannot be solved using the given statements.
Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice

A shopkeeper sold 32 dozen mangoes and made a profit of \$384. What was the cost price of each mango? To find out the answer, which of the following information given in the statements I and II is sufficient? I. The percentage profit was 20. II. The total sale proceeds were \$1920.

  1. Both I and II together are needed.

  2. Either I or II alone is sufficient.

  3. I and II together are not sufficient.

  4. I alone is sufficient.

  5. II alone is sufficient.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost price per mango can be found if we know the total profit and profit percentage (I), or if we know total sales and total profit (II). Both are sufficient independently.

Multiple choice

Manufacturing cost of a certain car is 'a' dollars. The manufacturer sells the car to the retailer on 10 percent profit. If the retailer sells the car to a consumer on 5 percent profit, what price (in terms of a) does the consumer pay for the car?

  1. 1.050a

  2. 1.150a

  3. 1.155a

  4. 1.515a

  5. 1.555a
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The manufacturer sells to the retailer at a 10% profit, so the price is a * 1.10 = 1.1a. The retailer then sells to the consumer at a 5% profit on that price, so the final price is 1.1a * 1.05 = 1.155a.