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

Charlie is a shopkeeper but is weak in Mathematics. He knows that the marked price of bread is 60% more than the cost price. Also, he earned a profit when he sold the bread at 20% discount. He was excited so he doubled the discount. Find the new selling price.

  1. Rs. 120

  2. Rs. 96

  3. Rs. 105

  4. Rs. 140

  5. Rs. 150
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP = 100. MP = 160. Initial discount 20% of 160 = 32. New discount = 2 * 32 = 64. New SP = 160 - 64 = 96.

Multiple choice

A trader bought 10 kg of tea at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?

  1. 5% loss

  2. 5% gain

  3. 10% loss

  4. 10% gain

  5. NA
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The trader buys 10 kg at 400/kg (total 4000). Half (5 kg) sold at 20% loss: 5 * 400 * 0.8 = 1600. Remaining 5 kg sold at 10% profit: 5 * 400 * 1.1 = 2200. Total revenue is 3800, which is a 200 loss on 4000, or 5% loss.