Mathematical Ability - Profit, Loss and Discount
Exam Duration: 30 Mins Total Questions : 20
The difference between the selling price of a clock at a profit of 8% and 10% is Rs.6. Find the cost price of the clock.
- (a)
1200
- (b)
600
- (c)
400
- (d)
300
A trader bought 10 kg of oranges for Rs.405 of which 1 kg were found to be rotten. If he wishes to make a profit of 10% at what rate per kg should he sell the remaining oranges?
- (a)
44.53
- (b)
48.66
- (c)
51.25
- (d)
none of these
One salesman calculates % profit on the CP and another on SP. The difference between their actual profits is Rs.100. Both claim to make a profit of 25%. Find the SP of goods if it is same for both.
- (a)
Rs.2500
- (b)
Rs.1600
- (c)
Rs.2000
- (d)
Rs.1500
A fruit seller results 24 kg apples. He sells a part of them at 20% gain and the balance at a loss 5%. If on the whole, he earns a profit of 10%, the amount of applies sold at a loss is
- (a)
6 kg
- (b)
4.6 kg
- (c)
9.6 kg
- (d)
11.4 kg
A manufacturer estimates that on inspection 10% of the articles he produces will not pass the quantity check. He has to supply 22500 articles at Rs.7.50 each. If he expects to make an overall profit of 20% what is the cost of producing an article?
- (a)
Rs.5.625
- (b)
Rs.6
- (c)
Rs.5.40
- (d)
Rs.6.67
If a selling price of n4 results in a 20% discount off the list price, the selling price that would result in a 30% discount off the list price (in Rs.) is
- (a)
9
- (b)
27
- (c)
14
- (d)
21
Suresh sold a shirt for Rs.500 making a profit of 25%. What was his profit as a % of sales price?
- (a)
25%
- (b)
20%
- (c)
30%
- (d)
none of these
A shopkeeper buys 150 articles on which he has to pay Rs.50 on carriage. The articles were marked for sale at Rs.2.50 each. The shopkeeper sells 90 of them at this price and the remaining after allowing a discount of 20% on the marked price. Altogether he finds that he makes a profit of 38% on his outlay. Calculate the amount he pays for each article.
- (a)
Rs.10
- (b)
Rs.9
- (c)
Rs.8
- (d)
Rs.7
A manufacturer adds 10% to cost while selling to a retailer who adds 15% to his cost while selling to a customer. If the customer pays Rs.5060 for the product, what is the manufacturing cost?
- (a)
4000
- (b)
5000
- (c)
4500
- (d)
5200
A bicycle is sold at 20% profit. If the SP had had been Rs.100 less, then it would have been sold at a loss of 20%. What is its CP?
- (a)
250
- (b)
500
- (c)
400
- (d)
325
A shopkeeper bought locks at Rs.34 a dozen and sold them at dozen locks for Rs.52. The number of locks he should sell to gain Rs.900 is
- (a)
1400
- (b)
600
- (c)
1800
- (d)
2000
A trader bought sugar for Rs.1350. He sold 1/3 of it at a loss of 10%. Find the % profit he should make on the rest so as to make an overall profit of 10%.
- (a)
15%
- (b)
20%
- (c)
30%
- (d)
10%
If the price of rice falls by 2.5%, a person can buy 9 kgs of rice more for Rs.126 than before. If the price had risen by 12% instead, how much rice would he have bought for the same sum?
- (a)
310 kg
- (b)
303 kg
- (c)
313 kg
- (d)
none of these
A sold a merchandise to B at 10% profit. B sold it back to A at 10% loss. In the process A gained Rs.55. Find the original price of the merchandise at which A purchased it.
- (a)
Rs.500
- (b)
Rs.525
- (c)
Rs.550
- (d)
Rs.575
A dealer buys a table listed at Rs.200 and gets successive discounts of 10% and 15%. He spends Rs.7 on transport and sells the table for Rs.208, what is his gain %?
- (a)
25%
- (b)
30%
- (c)
35%
- (d)
40%
Mahesh makes 750 articles at cost of 60 paise per article. He fixes the selling price such that if only 600 articles are sold. He would have made a profit of 40% on the outlay. However, 120 articles got spoilt and he was able to sell 630 articles at this price. Find his actual profit percent as the percentage of total outlay assuming that the unsold articles are useless.
- (a)
42%
- (b)
53%
- (c)
47%
- (d)
46%
The cost of setting up the type of a magazine is Rs.1000. The cost of running the printing machine is Rs.120 per 100 copies. The cost of paper, ink and so on is 60 paise per copy. The magazines are sold at Rs.75 each. 900 copies are printed, but only 784 copies are sold. What is the sum to be obtained from advertisements to give a profit of 10% on the cost?
- (a)
Rs.730
- (b)
Rs.720
- (c)
Rs.726
- (d)
Rs.736
A pharmaceutical company made 3000 strips of tablets at a cost of Rs.4800. The company gave away 1000 strips of tablets to doctors as free samples. A discount of 25% was allowed on the printed price. Find the ratio of profit if the price is raised from Rs.3.25 to Rs.4.25 per strip and if at the latter price, samples to doctors were done away with.
- (a)
55.5
- (b)
63.5
- (c)
75
- (d)
99.25
The accounts of company show sales of Rs.12,600. The primary cost is 35% of sales and trading cost accounts for 25% of the gross profit. Gross profit is arrived at by excluding the primary cost plus the cost of advertising expenses of Rs.1400, director's salary of Rs.650 per annum plus 2% of annual sales as miscellaneous costs. Find the percentage profit (approx.) on a capital investment of Rs.14,000?
- (a)
35%
- (b)
31%
- (c)
28%
- (d)
cannot be determined
The profit earned when an article is sold for Rs.800 is 20 times the loss incurred when it is sold.for Rs.275. At what price should the article be sold if it is desired to make a profit of 25%?
- (a)
Rs.300
- (b)
Rs.350
- (c)
Rs.375
- (d)
Rs.400