Quants Questions : Profit and Loss Set 8

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1. The price of the book is Rs.100. A dealer sells 3 such books for Rs.288 after allowing discount at certain rate. Find the rate of discount ?
   A)7%
   B)4%
   C)5%
   D)6%
   
   Answer

   B)4%
   Explanation :
   Price of 3 books = Rs.300
   SP of 3 books = Rs.288
   % = (300-288)*100/300 = 4%
   
   
   
2. A shopkeeper earns a profit of 15% by giving a discount of 20% on marked price of a book. Find the ratio between Cost price and marked Price ?
   A)16:23
   B)23:16
   C)12:25
   D)14:23
   
   Answer

   A)16:23
   Explanation :
   MP*(100-20)/100 = CP*(100+15)/100
   CP/MP = 80/115 = 16/23
   
   
   
3. The MRP of a dress is Rs.1050 and 15% discount is allowed, and the shopkeeper provided further 5% discount then what will be the Selling price of the dress
   A)Rs.854
   B)Rs.848
   C)Rs.886
   D)Rs.765
   
   Answer

   B)Rs.848
   Explanation :SP = 1050*85*95/100*100 = 847.88 = 848
   
   
   
4. The selling price of 10 apples is the cost price of 13 apples then the profit % is
   A)15%
   B)3%
   C)10%
   D)30%
   
   Answer

   D)30%
   Explanation :
   CP of 13 apples = SP of 10 apples
   1 Apple = 10
   13 Apples = 130
   10 Apples = 100
   SP = 130, CP = 100
   % = (130-100/100)*100 = 30%
   
   
   
5. A man purchases a certain no of oranges at Rs.10 each and same no at Rs.8. He mixes them together and sells them at each Rs.8.What is his gain or loss % ?
   A)11.11% gain
   B)11.11% loss
   C)12.5% loss
   D)17.5% gain
   
   Answer

   B)11.11% loss
   Explanation :
   5 oranges(Rs.10) = 50
   5 oranges(Rs.8) = 40
   10 oranges (Rs.8) = 80
   5 oranges(Rs.10) + 5 oranges(Rs.8) = 50+40 = 90
   % = (90-80)*100/90 = 11.11% loss
   
   
   
6. A man buy a single apple for Rs.18, he paid Rs.200 to buy  a dozen apples, find the approximate discount % ?
   A)10%
   B)13%
   C)7%
   D)2%
   
   Answer

   C)7%
   Explanation :
   Cp of 12 apples = 12 *18 = 216
   SP of 12 apples = 200
   16 = x*216/100
   X = 16*100/216 = 7.4% = 7%
   
   
   
7. If an  article is sold for Rs.446 at a loss of 16%,find the Cost price of an article ?
   A)Rs.521
   B)Rs.531
   C)Rs.528
   D)Rs.546
   
   Answer

   B)Rs.531
   Explanation :
   SP = 84/100x
   446 = 84/100x
   X = 446*100/84 = 530.9 = 531
   
   
   
8. A man sells a DVD player at a profit of 20%. Had he bought it at 25% less and sold it for Rs.840 less,he would have gained 10%, What is the cost price of the DVD player?
   A)Rs.2240
   B)Rs.2100
   C)Rs.2320
   D)Rs.2760
   
   Answer

   A)Rs.2240
   Explanation :
   Let CP = 100………SP = 120% = 120
   New CP = 75………..new SP = 75*110/100 = 82.50
   Diff b/w SP = 120-82.50 = 37.50
   At diff 840, CP = 100*840/37.50 = 2240
   
   
   
9. The marked price of a calculator was Rs.750, A man bought the same for Rs.550 after getting 2 successive discounts, If the 1^st discount is 10% then find the 2^nd discount % ?
   A)23%
   B)18%
   C)21%
   D)15%
   
   Answer

   B)18%
   Explanation :
   750*10/100 = 75
   After 1^st discount
   Price = 750 – 75 = 675
   2^nd Discount = (675-550)*100/675 = 18.51% = 18%
   
   
   
10. Allowing 25% discount and 17% successive discount, the selling price of an article is Rs.3240 then the marked price is
    A)Rs.5320
    B)RS.5430
    C)Rs.5250
    D)Rs.5205
    
    Answer

    D)Rs.5205
    Explanation :MP = 3240*100*100/75*83 = 5204.8 = 5205
    
    
    

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