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Profit Loss and Discount ( 11 to 15 ):

# APTITUDE QUESTIONS (PROFIT LOSS AND DISCOUNT):

11. A woman bought chocolate at 7 for a rupee. How many for a rupee she must sell to gain 40%?

A) 9

B) 8

C) 5

D) 6

E) None of these

View Answer

Answer: option (C)

Explanation:

C.P. of 7 chocolates = Rs. 1 S.P. of 7 chocolates = 140% of Rs. 1 = Rs. 7/5

For Rs. 7/5,chocolate sold=7.For Re.1,chocolate sold=(7* 5/7)= 5

12. A shopkeeper sells rice at a profit of 10% and uses weights which are 20% less than the market weight. The total profit earned by him will be:

A) 50%

B) 65%

C) 37.5%

D) 40%

E) None of these

View Answer

Answer: option (C)

Explanation:

Let us assume a packet of rice be 1kg

Actual weight of 80% of 1000gm = 800gm

Let C.P. of each gm be Re. 1. Then, C.P. of this packet = Rs. 800

S.P. of this packet = 110% of C.P. of 1kg = Rs. (110/100*1000)=Rs.1100

∴ Profit% = (300/800*100)%= 37.5%

13. By selling an article, Manoj earned a profit equal to one-fourth of the price he bought it. If he sold it for Rs. 375, what was the cost price?

A) Rs. 281.75

B) Rs. 300

C) Rs. 312.50

D) Rs.350

E) None of these

View Answer

Answer: option (B)

Explanation:

S.P. = C.P. + 1/4 C.P. = 5/4 C.P.

∴ 5/4 C.P. = 375 => C.P. = Rs. (375* 4/5)= Rs.300

14. An item when sold at a gain of 5% yields Rs.15 more than when sold at a loss of 5%. Its cost price would be:

A) Rs. 150

B) Rs. 200

C) Rs. 250

D) Rs. 300

E) None of these

View Answer

Answer: option (A)

Explanation:

Let C.P. be Rs. x. Then, (105/100) x- (95/100) x=15=> 10x/100=15=>x=150

15. A man bought goods worth Rs. 8000 and sold half of them at a gain of 10%. At what gain percent must he sell the remaining so as to get a gain of 25% on the whole?

A) 55%

B) 20%

C) 35%

D) 40%

E) None of these

View Answer

Answer: option (D)

Explanation:

Let the required profit percent be x%

Then, (110% of 4000) + [(100 + x)% of 4000] = 125% of 8000

(110/100*4000)+ (((100+x))/100*4000)= (125/100)*8000

4400+4000+40x=10000

4000 + 40x = 10000 – 4400

40(100 + x) = 5600

100+x=140

x = 40%