Profit, Loss and Discount Questions

Multiple choice
  1. Only A is sufficient.

  2. Either B and C together or A alone is sufficient.

  3. Only A and B together are sufficient.

  4. Any two of A, B and C together are sufficient.

  5. All of them together are necessary.

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A gives SP = 48,000 at 4% discount, so MP = 48,000 / 0.96 = 50,000. B and C together: CP = 40,000, 25% profit means SP = 50,000, which is the MP if no discount. Both paths yield the MP.

Multiple choice
  1. Rs.170

  2. Rs.150

  3. Rs.160

  4. Rs.140

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total fruits = 50. Oranges = 17. Since oranges > guavas, guavas must be at least 15 (given) and less than 17. Let guavas = 16. Then apples = 50 - 17 - 16 = 17. Check constraints: apples(17) > oranges(17) is false. If guavas = 15, apples = 50 - 17 - 15 = 18. Constraints: 18 > 17 > 15 (True). Cost = (18*4) + (17*2) + (15*3) = 72 + 34 + 45 = 151. Profit = 19, so Selling Price = 151 + 19 = 170.

Multiple choice
  1. Rs. 75

  2. Rs. 125

  3. Rs. 100

  4. Cannot be determined

Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice
  1. 1

  2. 2

  3. 3

  4. 4

Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice
  1. 73

  2. 70

  3. 65

  4. 68

Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice
  1. 4338

  2. 4538

  3. 4960

  4. 4760

Reveal answer Fill a bubble to check yourself
D Correct answer
Multiple choice
  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
B Correct answer
Multiple choice
  1. Only statements I and II

  2. Only statements II and III

  3. Only statement II and either statement I or statement III

  4. All three statements

  5. None of the statements

Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice

Passage

Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.

What is the labelled price of the article? I. Cost price of the article is Rs. 500. II. Selling price after offering 5% discount on the labelled price is Rs. 608. III. Profit earned would have been 28% if no discount was offered.

  1. Only I

  2. Only III

  3. Both II and Ill

  4. Only ll

  5. Only I and II

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Statement II provides the selling price and the discount percentage, which allows for the calculation of the labelled price directly. Statement I gives the cost price, and Statement III gives a hypothetical profit percentage, but neither is needed if the labelled price can be determined from II alone.

Multiple choice

Passage

Directions: In this problem, a question is followed by three statements, labelled as (A), (B) and (C). Read the statements carefully and determine which of them is/are sufficient/necessary to answer the question.

What is the labelled price of the wireless mouse? (A) Cost price of the wireless mouse is Rs. 500. (B) Selling price after offering a 5% discount on the labelled price is Rs. 608. (C) Profit earned will be 28%, if no discount is offered.

  1. Only B is sufficient.

  2. Either A and C together or only B is sufficient.

  3. Any one of A, B and C is sufficient.

  4. Any two of A, B and C are sufficient.

  5. All of them together are required.

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let L be the labelled price. (B) gives 0.95L = 608, so L = 640. (A) and (C) together: CP=500, Profit=28% means SP=640. If no discount, SP=L=640. Both paths yield the same result.

Multiple choice

Passage

Directions: The table given below shows the cost price (in rupees) of products in a particular shop and the mark-up% of different products. Products Cost Price (in Rs.) Mark-up% A - 26% B 5100 - C 4500 - D - 25% E - - F - 21% Notes: Some values are missing, you have to calculate them according to the question. Mark-up percentages are integral values.

The cost price of product 'C' is 20% more than the average selling price of products 'A' and 'D'. Given that the selling prices of products 'A' and 'D' are in the ratio 9 : 6, respectively, and they both make a profit of 20%, find the mark-up price of product 'A'.

  1. Rs. 5700

  2. Rs. 5550

  3. Rs. 5670

  4. Rs. 5850

  5. Rs. 5900

Reveal answer Fill a bubble to check yourself
C Correct answer
Multiple choice

Passage

Directions: The table given below shows the cost price (in rupees) of products in a particular shop and the mark-up% of different products. Products Cost Price (in Rs.) Mark-up% A - 26% B 5100 - C 4500 - D - 25% E - - F - 21% Notes: Some values are missing, you have to calculate them according to the question. Mark-up percentages are integral values.

Find the mark-up% of product 'B', given that it was 40% more than the mark-up% of product 'C' and product C was sold at a profit of 20%, which was equal to the discount offered on product 'C' on marked price.

  1. 48%

  2. 25%

  3. 70%

  4. 50%

  5. 37%

Reveal answer Fill a bubble to check yourself
C Correct answer
Multiple choice

Passage

Directions: In the following question, two quantities are given numbered I and II. Determine the relationship between the quantities and choose the appropriate option. Give answer according to these codes: (1) If Quantity I ≥ Quantity II (2) If Quantity I > Quantity II (3) If Quantity I < Quantity II (4) If Quantity I ≤ Quantity II (5) If Quantity I = Quantity II, or the relationship cannot be established from the information given.

Quantity I: The cost price of an article, if it is sold at Rs. 480 and the profit is one-fifth of its cost price Quantity II: The cost price of an article, if it is sold at Rs. 640 and the profit is one-seventh of its cost price

  1. (1)

  2. (2)

  3. (4)

  4. (3)

  5. (5)

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Quantity I: CP + 0.2CP = 480 => 1.2CP = 480 => CP = 400. Quantity II: CP + (1/7)CP = 640 => (8/7)CP = 640 => CP = 560. Since 400 < 560, Quantity I < Quantity II.

Multiple choice

Passage

Directions: Read the following information carefully to answer the question that follows. Amount spent by five friends on electronic items. Names/Articles Refrigerator Air Conditioner Laptop Total Manpreet Rs. 26,000 Rs. 21,000 Madhav Rs. 35,000 Rs. 35,000 Rs. 24,000 Rs. 94,000 Rahul Rs. 22,000 Rs. 32,000 Amit Rs. 21,000 Rs. 36,000 Girish Rs. 35,000 Rs. 93,000

If the shopkeeper sold air conditioner after offering 37% discount to Amit and still earned 32% profit, what was the difference between the price at which the shopkeeper bought the air conditioner and the marked price of the air conditioner on which Amit was offered the discount?

  1. Rs. 24,560

  2. Rs. 29,870

  3. Rs. 31,000

  4. Rs. 35,691

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Multiple choice

Passage

Directions: The question below contains a statement followed by Quantity I and Quantity II. Find both the quantities to determine the relationship among them and mark your answer accordingly.

Sunil buys a mobile for Rs. 10,000 and sells it to Mukesh at 5% profit. Mukesh sells it to Raveena for 20% loss. Raveena uses it for 1 year and then sells it to Sonali at a profit of 2%. Quantity I: Cost price for Sonali Quantity II: Cost price for Raveena

  1. Quantity I > Quantity II

  2. Quantity I < Quantity II

  3. Quantity I ≤ Quantity II

  4. Quantity I ≥ Quantity II

  5. Quantity I = Quantity II, or the relationship cannot be established from the information given.

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Sunil buys for 10,000. Mukesh buys at 10,000 * 1.05 = 10,500. Raveena buys at 10,500 * 0.8 = 8,400. Sonali buys at 8,400 * 1.02 = 8,568. Quantity I (Sonali's CP) = 8,568. Quantity II (Raveena's CP) = 8,400. Thus, I > II.