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 dealer sells two machines for Rs. 12,000 each. On one, he gains 32% and on the other, he loses 32%. What is his profit/loss percentage on the whole transaction?

  1. No gain and no loss

  2. 1% loss

  3. 18% profit

  4. 10.24% loss
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

When two items are sold at the same price with the same percentage gain and loss, the overall result is always a loss. The formula is (loss%^2) / 100. Here, (32^2) / 100 = 1024 / 100 = 10.24% loss.

Multiple choice

A stationery seller purchases 240 pencils for Rs. 2000 and fixes marked price of each pencil at Rs. 12.00. He provides 2 pencils free for 8 pencils and allows a discount of 5%. What is the minimum possible profit?

  1. Rs. 304

  2. Rs. 188.80

  3. Rs. 340

  4. Rs. 881.80

  5. Rs. 118.80
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The seller offers 2 free pencils for every 8 purchased, meaning customers get 10 pencils for the price of 8. For 240 pencils, there are 24 such groups, resulting in 24 * 8 = 192 paid pencils. At a 5% discount on the Rs. 12 marked price, each paid pencil sells for Rs. 11.40, giving a total revenue of 192 * 11.40 = Rs. 2188.80 and a profit of Rs. 188.80.