__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__

### 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:-

## 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:-

## 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:-

## 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:-

## 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:-

## 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:-

## 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:-

## 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:-

## 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:-

## 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:-

**Questions Courtesy: How to prepare for Quantitative Aptitude for CAT by Arun Sharma**

## Books I recommend for Quantitative Aptitude:

### 1. How to Prepare for Quantitative Aptitude for CAT by Arun Sharma

### 2. Ace Quantitative Aptitude For Banking and Insurance

### 3. Quantitative Aptitude Quantum CAT by Sarvesh K Verma

### 4. Quantitative Aptitude for Competitive Examinations by R.S. Aggarwal

*Self Typed

*Source- Books, Internet, Self-Analysis