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
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