# Quants Questions : Profit and Loss Set 4

Hello Aspirants. Welcome to Online Quantitative Aptitude section in AffairsCloud.com. Here we are creating question sample in Profit and loss , which is common for all the competitive exams. We have included Some questions that are repeatedly asked in exams !!

1. The marked price of a sofa is 11,500 . The shopkeeper sold it by allowing 18% discount on the market price and earned 15% profit. What is the cost price of the sofa ?
A)8000
B)8100
C)8200
D)8400
Explanation :
11500×(82/100)×(100/115) = 8200

2. The ratio of the cost price to the marked  price of the furniture is 3:5 and ratio of percentage profit to the percentage discount is 5:3.What is the discount percentage ?
A)3.33
B)6.66
C)15.15
D)9.99
Explanation :
CP:MP = 3: 5
P:D = 5:3
Let CP = 300; MP = 500
(5X/100)×300 + (3X/100)×500 = 100
15X+15X = 100
X=(100/30) = 3.33
Discount = 3×3.33 = 9.99

3. A shopkeeper expect the gain of 19% on his cost price.If in a week his sale was of Rs.462 , What was his profit ?
A)73
B)73.77
C)73.50
D)74
Explanation :
CP=(100/119)×462 = 388. 23
P = 462 – 388.23 = 73.77

4. Prakash  bought a bike at 20% discount on its original price.He sold it with 30% increase on the price he bought it.The new sale price is by what percent more than the original price ?
A)4%
B)5%
C)10%
D)22%
Explanation :
Let original price = Rs.100
20% discount = Rs.20
CP = 80
SP = (130/100)×80 = 104
Percentage = (104 – 100 )% = 4%

5. Shopkeeper marked the selling price of an article at 12% above the cost price . At the time of selling , he allow certain discount and suffer a loss of 2%.Find the discount percentage
A)12%
B)12.25%
C)12.5%
D)13%
Explanation :
Let CP = 100
MP = 112
SP = 98
Discount percentage = ([112 – 98]/112)×100 = (14/112)×100 = 12.5%

6. A Grinder is listed at Rs.1200 and a discount of 25%is offered  on the list price. What additional discount must be offered to the customer to bring the net price to Rs. 990.
A)10%
B)12%
C)15%
D)20%
Explanation :
SP after 1st discount = [(75/100)×1200] = Rs.900
Net SP = Rs.990
Discount on Rs.900 = 990 – 900 = Rs.90
Required discount = [(90/900)×100] = 10%

7. A sales man sells 2 watches for Rs.460 each.On one he gets 15% profit and on the other 15% loss.His profit or loss in the entire transaction was
A)2(4/6)%
B)2(1/4)%
C)2(3/4)%
D)2(7/4)%
Explanation :Loss = (15/10)^2 = 225/100 = 9/4 = 2(1/4)%

8. A shopkeeper takes 12% profit on his goods.He lost 22% goods during theft.His loss percentage is
A)12.56
B)12.55
C)12.64
D)12.60
Explanation :
Let no of goods = 100
CP of each item Rs.1 then total cost = Rs.100
No of item theft = 22
Remaining item = 78
Profit 12%, SP = 1.12 each item
Total sale = 78 ×1.12 = 87.36
Loss = 100 – 87.36 = 12.64

9. The difference the cost price and selling price of the book is Rs.260 .If the profit is  25%, then the selling price is
A)1100
B)1200
C)1250
D)1300
Explanation :
SP = 125% of Rs.x = (x×125/100) = 5x/4
(5x/4) – x = 260
X = (260 × 4) = 1040
SP = (1040×5)/4 = 1300

10. The  CP of 18 articles is equal to SP 15 articles .Find the gain or loss
A)15%
B)18%
C)20%
D)22%