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 shopkeeper sold dried apricots at the rate of Rs. 1210 per kg and bears a loss of 12%. Now, if he decides to sell them at the rate of Rs. 1331 per kg, what will be the result?

  1. 6.4 percent loss

  2. 3.2 percent gain

  3. 6.4 percent gain

  4. 3.2 percent loss
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A 12% loss on a selling price of 1210 means the cost price is 1210 / 0.88 = 1375. Selling at 1331 results in a loss of 1375 - 1331 = 44. The percentage loss is (44 / 1375) * 100 = 3.2%.

Multiple choice

The Metro store bought a lot of 100 containers of Pure and Natural Desi Ghee from Frontier Dairy Junction at 30% discount. The store sold the Ghee at 23% discount, yet making a profit of 10%. What is the ratio of the marked price in the store to that at the Frontier Dairy Junction?

  1. 1 : 1

  2. 23 : 70

  3. 23 : 77

  4. 23 : 64
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let MP_F be marked price at Frontier, MP_S at Store. Store buys at 0.7 * MP_F. Store sells at 0.77 * MP_S. Profit is 10%, so 0.77 * MP_S = 1.1 * (0.7 * MP_F). 0.77 * MP_S = 0.77 * MP_F. Thus, MP_S = MP_F. Ratio is 1:1.

Multiple choice

If the cost price of two pens is equal to the marked price of one pen and the cost price of three pens is equal to the selling price of two pens, then which of the following statements is correct?

  1. Marked price of four pens is equal to the selling price of three pens.

  2. Discount of 20% is offered on the marked price of the pen.

  3. Marked price of three pens is equal to selling price of four pens.

  4. Discount of 33 1/3% is offered on the marked price of the pen.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP be cost price, MP be marked price, SP be selling price. 2*CP = MP. 3*CP = 2*SP, so SP = 1.5*CP. Discount = MP - SP = 2*CP - 1.5*CP = 0.5*CP. Discount % = (0.5*CP / 2*CP) * 100 = 25%. Also, MP = 2*CP, SP = 1.5*CP. Thus, 3*MP = 6*CP and 4*SP = 6*CP. So 3*MP = 4*SP.

Multiple choice

For an article the profit is 190% of the cost price. If the cost price increase by 10% but the selling price remains same, then profit is what percentage of selling price (approximately)?

  1. 54

  2. 62

  3. 70

  4. 163

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

Let cost price be 100, so profit is 190 and selling price is 290. If cost price increases by 10% to 110, the new profit is 290 - 110 = 180. The new profit percentage of selling price is (180/290)*100, which is approximately 62.06%.