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

Kapil owns a book shop. The marked price of a book is Rs. 1600. A shopkeeper buys it after two successive discounts of 20% and 30%. He spends Rs. 26 on binding and crafting. Find out his approximate profit percentage if he sold the book for Rs. 1750.

  1. 90%

  2. 80%

  3. 70%

  4. 60%

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Marked price = 1600. After 20% discount, price = 1280. After 30% discount, price = 1280 * 0.7 = 896. Total cost = 896 + 26 = 922. Selling price = 1750. Profit = 1750 - 922 = 828. Profit percentage = (828 / 922) * 100 approx 89.8%, which rounds to 90%.

Multiple choice

Sakshi bought two televisions for the same price. One was sold at a 60% profit while the other was sold at a 40% loss. What was her overall profit or loss percentage on the entire transaction?

  1. 10% Loss

  2. 10% Profit

  3. 4% Profit

  4. 24% Loss

  5. 36% Profit
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the cost price of each TV be x. Total cost is 2x. Selling price 1 is 1.6x, selling price 2 is 0.6x. Total selling price is 2.2x. Profit is 0.2x on 2x, which is 10%.