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PROFIT & LOSS
PROFIT & LOSS QUANTITATIVE APTITUDE MOCK TEST SET 3
January 17, 2016
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(1) A customer purchased an office bag with a price tag of Rs 600 in a sale where 25% discount was being offered on the tag price. The customer was given a further discount of 10% , the final amount paid by the customer was
(a) Rs 565
(b)Rs 540
(c )Rs 405
(d) Rs 390
(d)None

Answer

c

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(2)Anil bought a TV with 20% discount on the labeled price. Had he bought it with 25% discount, he would have saved Rs. 500 At what price did he buy the TV?
(a) Rs 16000
(b)Rs 12000
(c )Rs 10000
(d)Rs 8000

Answer

d

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(3) Profit earned by selling an article for Rs 900 is double the loss incurred when the same article is sold for Rs 450 . At what price should the article be sold to make 25% profit?
a) Rs. 600
(b)Rs 750
(c )Rs.800
(d) Data inadequale

Answer

b

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(4)If a discount of 10% is given on the marked price of an article, the shopkeeper gets a profit of 20% . Find his % profit if the offers a discount of 20% on the same article
(a)10%
(b)6.6%
(c )5.27%
(d)20%

Answer

b

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(5)If oranges are bought at 11 for 10p and sold at 10 for 11p, what is the gain or loss percent?
(a) 21%gain
(b)21.7 %profit
(c )2% loss
(d)1% profit

Answer

a

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(6)5% more is gained by selling a cow for Rs 350 than by selling it for Rs340 . The CP of the cow is
(a)Rs 100
(b) Rs.150
(c )Rs. 300
(d)Rs 200

Answer

d

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(7)I lose 9 percent by selling pencils at rate of 15 a rupee. How many for a rupee must I sell them to gain 5 percent?
(a)16
(b)13
(c)10
(d)None

Answer

b

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(8) A watch was sold at a loss of 10 percent. If it were sold for Rs. 70 more, there would have been a gain of 4 percent. What is the CP of the watch?
(a)Rs 200
(b)Rs. 450
(c )Rs. 500
(d)Rs. 1000
(e)None

Answer

c

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9)A reduction of 40 percent in the price of bananas would enable a man to obtain 64 more for Rs 40. What is the reduced price per dozen?
(a)Rs.16
(b)Rs.3
(c )Rs 12
(d)Can’t be determined

Answer

b

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(10) By selling an article for Rs. 928, Rajesh gained 16% profit. How much money had he paid to buy that article?
(a)Rs.800
(b)Rs.900
(c )Rs.1000
(d)RS.1100
(E)None

Answer

a

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