Quantitative Aptitude (QA) Solved MCQ | CAT | Part 7

CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICA

 

CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7




CAT Solved Practice Questions | Quantitative Aptitude (QA) | Part 7





Chapter - Profit and Loss
Difficulty Level of Questions -  1 (Out of 3)





    Q. 1. A tablet is sold for ₹ 6612.5 at a profit of 15%. What would have been the actual profit or loss, if it had been sold for ₹ 5380?


    A. ₹ 370

    B. ₹ 410

    C. ₹ 480

    D. ₹ 340

    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7


    Q. 2. P owns a house worth ₹ 20,000. He sells it to Q at a profit of 25%. After some time, Q sells it back to P at a 25% loss. Find P's loss or gain percentage.


    A. 25% gain

    B. 6.25% gain

    C. 31.56 % gain 

    D. 31.25% gain

    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7


    Q. 3. A reduction of 20% in the price of sugar enables a housewife to buy 5.4 kg more for ₹ 432. Find the reduced price per kilogram.


    A. ₹ 20

    B. ₹ 16

    C. ₹ 18

    D. None of these

    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7


    Q. 4. A man sells a TV set for ₹ 33000 and makes a profit of 10%. He sells another TV at a loss of 20%. If on the whole, he neither gains nor loses, then, find the selling price of the second TV set.


    A. ₹ 15000

    B. ₹ 12000

    C. ₹ 30000

    D. ₹ 27000

    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7

    Q. 5. A briefcase was sold at a profit of 5%. If its cost price was 5% less and it was sold for ₹ 63 more, the gain would have been 20%. Find the cost price of the briefcase.


    A. ₹ 800

    B. ₹ 900

    C. ₹ 700

    D. ₹ 960

    Solution:-




    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7

    Q. 6. Ashok bought an article and spent ₹ 110 on its repairs. He then sold it to Bhushan at a profit of 20%. Bhushan sold it to Charan at a loss of 10%. Charan finally sold it for ₹ 1188 at a profit of 10%. How much did Ashok pay for the article?


    A. ₹ 890

    B. ₹ 1000

    C. ₹ 780

    D. ₹ 840

    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7


    Q. 7.  A sells a car priced at ₹ 1,80,000. He gives a discount of 5% on the first ₹ 1,00,000 and 12.5% on the remaining ₹ 80,000. His competitor B sells a car at the same marked price at ₹ 1,80,000. If he wants to be competitive what percentage discount should B offer on the marked price.


    A. 3.33%

    B. 15.67%

    C. 8.33%

    D. 6.67%

    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7


    Q. 8. A firm dealing in furniture allows a 5% discount on the marked price of each item. What price must be marked on a dining table that costs ₹ 2000 to assemble, so as to make a profit of 14%?


    A. ₹ 3800

    B. ₹ 2700

    C. ₹ 2500

    D. ₹ 2400

    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7


    Q. 9. In the land of the famous milkman Merghese Durian, a milkman sells his buffalo for ₹ 15400 at some profit. Had he sold his buffalo at ₹ 8200, the quantum of the loss incurred would have been double that of the profit earned. What is the cost price?


    A. ₹ 13200

    B. ₹ 12900

    C. ₹ 13500

    D. None of these

    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7


    Q. 10. A dishonest dealer professes to sell at cost price but uses an 800-gram weight instead of a 1-kilogram weight. Find the percentage profit to the dealer.


    A. 25%

    B. 20%

    C. 12.5%

    D. None of these

    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 7




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    About the Author

    Mr. Ashutosh Nautiyal is a student who is pursuing his post-graduation (MBA in Infrastructure Development and Management) from SCMHRD, Pune. He has done his B.Tech in Civil Engineering from BTKIT, Dwarahat and his schooling from Omkarananda Saraswat…

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