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 placed a fan on sale at 20% discount. After two days, he reduces the sale price of the fan by 25% over the already discounted price for clearance. If he got Rs. 1260 for the fan, what was the original marked price of the fan?

  1. Rs. 1950

  2. Rs. 2100

  3. Rs. 2250

  4. Rs. 2300

  5. Rs. 2350
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let original price be P. After 20% discount, price is 0.8P. After 25% reduction on that, price is 0.8P * 0.75 = 0.6P. 0.6P = 1260, so P = 1260 / 0.6 = 2100.

Multiple choice

Raghuvir purchased 10 calculators and 16 watches for Rs. 56100 and sold them so as to earn an overall profit of 20%. At what total price should he sell 15 calculators and 24 watches together so as to earn the same percent profit?

  1. Rs. 100980

  2. Rs. 116176

  3. Rs. 121176

  4. Rs. 100660

  5. Rs. 124132
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total cost = 56100. Profit = 20%, so total selling price = 56100 * 1.2 = 67320. The second set (15 calculators and 24 watches) is exactly 1.5 times the first set (10 calculators and 16 watches). Selling price = 67320 * 1.5 = 100980.

Multiple choice

Ankur makes 2000 balls and incurs a cost of Rs. 2.4 for each ball. He marks up the price in such a way that if he sells only 70% of the manufactured balls he will realise 33.32% overall profit. He sells only 1500 balls at the marked price since rest of the balls are found to be defective and cannot be sold. What will be the net approximate profit or loss of Ankur?

  1. 43.75% Profit

  2. 40.25% Profit

  3. 48.50% Loss

  4. 44.90% Loss

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

If the list price of a new car was \$12,300, what was the cost of the car to the dealer? (1) The cost to the dealer was equal to 80 percent of the list price. (2) The car was sold for \$11,070, which was 12.5 percent more than the cost to the dealer.

  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