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 sells a shirt for ₹100. He makes a profit of 20% on the cost price of the shirt. What is the cost price of the shirt?

  1. ₹80

  2. ₹85

  3. ₹90

  4. ₹95
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let the cost price of the shirt be x. The profit is 20% of the cost price, which is 0.2 * x. Therefore, the selling price of the shirt is x + 0.2 * x = 1.2 * x. Since the selling price is ₹100, we have 1.2 * x = 100. Solving for x, we get x = 100 / 1.2 = ₹80.

Multiple choice

A shopkeeper sells a product for (\$100) and makes a profit of 20%. If the cost price of the product is (\$x), find the value of (x).

  1. \(\$80\)
  2. \(\$83.33\)
  3. \(\$85\)
  4. \(\$86.67\)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit (\$100 - \$x) = 20% of (\$x). Therefore, (100 - x = 0.2x). Solving for (x), we get (x = \$83.33).

Multiple choice

A shopkeeper sells an article at a profit of 20%. If the selling price is (\$120), what is the cost price of the article?

  1. \(\$100\)
  2. \(\$110\)
  3. \(\$120\)
  4. \(\$130\)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let the cost price of the article be (\$x). Then, the profit is (\$120 - \$x). Since the profit is 20% of the cost price, we have (\$120 - \$x) = 0.2 (\$x). Solving for (\$x), we get (\$x) = (\$100).

Multiple choice

What is the selling price of a product that has a cost of \$50 and a markup of 50%?

  1. \$75
  2. \$100
  3. \$125
  4. \$150
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Selling price is calculated by adding the markup to the cost. In this case, the selling price is (50 + 50\cdot0.50) = \$75.

Multiple choice

What is the selling price of a product that has a cost of \$75 and a markup of 20%?

  1. \$85
  2. \$90
  3. \$95
  4. \$100
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Selling price is calculated by adding the markup to the cost. In this case, the selling price is (75 + 75\cdot0.20) = \$90.

Multiple choice

What is the selling price of a product that has a cost of \$100 and a markup of 30%?

  1. \$115
  2. \$120
  3. \$125
  4. \$130
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Selling price is calculated by adding the markup to the cost. In this case, the selling price is (100 + 100\cdot0.30) = \$130.

Multiple choice

What is the selling price of a product that has a cost of \$150 and a markup of 40%?

  1. \$170
  2. \$180
  3. \$190
  4. \$200
Reveal answer Fill a bubble to check yourself
Correct answer
Explanation

Selling price is calculated by adding the markup to the cost. In this case, the selling price is (150 + 150\cdot0.40) = \$210.

Multiple choice

What is the selling price of a product that has a cost of \$200 and a markup of 50%?

  1. \$225
  2. \$250
  3. \$275
  4. \$300
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Selling price is calculated by adding the markup to the cost. In this case, the selling price is (200 + 200\cdot0.50) = \$300.

Multiple choice

A shopkeeper sells a shirt for (\$20) and makes a profit of (20)% on the cost price. What is the cost price of the shirt?

  1. \(\$15\)
  2. \(\$16\)
  3. \(\$17\)
  4. \(\$18\)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the cost price of the shirt be (x). Then, the profit made by the shopkeeper is (20)% of (x), which is (0.2x). The selling price of the shirt is the cost price plus the profit, which is (x + 0.2x = 1.2x). We know that the selling price is (\$20), so we can set up the equation (1.2x = 20) and solve for (x). (x = 20 / 1.2 = \$16).

Multiple choice

A shopkeeper sells a product for (\$10) and makes a profit of 25%. What was the cost price of the product?

  1. \(\$7\)
  2. \(\$8\)
  3. \(\$9\)
  4. \(\$10\)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the cost price of the product be (\$x). Then, the profit is (\$10 - \$x). Since the profit is 25% of the cost price, we have (\$10 - \$x) = 0.25 (\$x). Solving for (\$x), we get (\$x) = (\$8).

Multiple choice

A store sells a TV for \$500. If the store makes a profit of 20% on the TV, what is the cost price of the TV?

  1. \$400
  2. \$420
  3. \$440
  4. \$460
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit = \$500 * 20% = \$100 Cost price = \$500 - \$100 = \$400

Multiple choice

A store sells a laptop for \$1000. If the store makes a profit of 15% on the laptop, what is the cost price of the laptop?

  1. \$850
  2. \$875
  3. \$900
  4. \$925
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit = \$1000 * 15% = \$150 Cost price = \$1000 - \$150 = \$850