Profit and Loss

Profit and Loss

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Aptitude miscellaneous
  1. The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price. In this kind of sale, the seller ?








  1. View Hint View Answer Discuss in Forum

    Let the cost price be Rs. 100.
    So market price = 100 + 10% of 100 = 110
    Selling price = 110 - 10% of 110 = 99.
    So, net loss = 1%

    Correct Option: C

    Let the cost price be Rs. 100.
    So market price = 100 + 10% of 100 = 110
    Selling price = 110 - 10% of 110 = 99.
    So, net loss = 1%

  1. A dealer marks his goods 20% above cost price. He then allows some discount on it and markets a profit of 8%. The rate of discount is ?








  1. View Hint View Answer Discuss in Forum

    Let C.P. = Rs. 100
    ⇒ Marked price = Rs. 120,
    ⇒ S.P. = Rs. 108

    Correct Option: B

    Let C.P. = Rs. 100
    ⇒ Marked price = Rs. 120,
    ⇒ S.P. = Rs. 108
    ∴ Rate of discount = (12/120) x 100% = 10%

  1. By selling an article for Rs. 144, a man gained such that the percentage gain equal the cost price. The C.P. of the article is ?








  1. View Hint View Answer Discuss in Forum

    Let the cost price of article be P.
    So from question,
    Selling price = P + P%
    ⇒ 144 = P + (P x P)/100

    Correct Option: D

    Let the cost price of article be P.
    So from question,
    Selling price = P + P%
    ⇒ 144 = P + (P x P)/100
    ⇒ 144 x 100 = 100P + P2
    ⇒ P2 + 100P - 14400 = 0
    ⇒ (P - 80)(P +180) = 0
    ∴ P = 80

  1. A man purchases an electric heater whose printed price is Rs. 160. If he received two successive discounts of 20% and 10% he paid ?








  1. View Hint View Answer Discuss in Forum

    Price after 1 st discount = 80% of Rs. 160 = Rs. 128
    Price after 2nd discount = 90% of Rs. 128 = Rs. 115.20

    Correct Option: D

    Price after 1 st discount = 80% of Rs. 160 = Rs. 128
    Price after 2nd discount = 90% of Rs. 128 = Rs. 115.20

  1. There would be 10% loss if rice is sold at Rs. 5.40 per kg. At what price per kg should it be sold to earn a profit of 20% ?








  1. View Hint View Answer Discuss in Forum

    Let C.P. per kg be Rs. x then,
    x - 10% of x = 5.40

    Correct Option: A

    Let C.P. per kg be Rs. x then,
    x - 10% of x = 5.40
    ⇒ x = 6
    ∴ Required S.P. = Rs. [6 + 20% of 6] = Rs. 7.20