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Profit Loss and Discount ( 16 to 20 ):
APTITUDE QUESTIONS (PROFIT LOSS AND DISCOUNT):
16. A bag marked at Rs.80 is sold for Rs.68. The rate of discount is:
A) 12%
B) 15%
C) 17(11/17)%
D) 20%
E) None of these
View Answer
Answer: option (B)
Explanation:
Rate of discount = ((12/80)*100)%=15%
17. A retailer buys 30 articles from a wholesaler at the price of 27. If he sells them at their marked price, the profit percent in the transaction is:
A) 9(1/11)%
B) 10%
C) 11(1/9)%
D) 16(2/3)%
E) None of these
View Answer
Answer: option (C)
Explanation:
Let the marked price of each article be Re. 1
Then, C.P. of 30 = rs. 27, S.P. of 30 = Rs.30
∴ Profit% = ((3/27)*100) % = 11(1/9)%
18. 10% loss on selling price is what percent loss on the cost price?
A) 9(1/11)%
B) 9(2/11)%
C) 10%
D) 11%
E) None of these
View Answer
Answer: option (A)
Explanation:
Let S.P. = Rs. 100. Then, Loss = Rs.10, C.P. = Rs. (100 + 10) = Rs. 110
∴ Loss% = (10/110*100) % = 9(1/11)%
19. If the S.P. of Rs.48 results in a 20% discount on list price, what S.P. would result in a 40% discount on list price?
A) Rs.18
B) Rs.40
C) Rs.36
D) Rs.27
E) None of these
View Answer
Answer: option (C)
Explanation:
Let the list price be Rs. x
80/100 x=48 => x = (48*100)/80=60
∴ Required S.P. = 60% of Rs.60 = Rs.36
20. The C.P. of an item is 40% of the S.P. The percent that the S.P. is of C.P. is:
A) 250
B) 240
C) 60
D) 40
E) None of these
View Answer
Answer: option (A)
Explanation:
C.P. = 40/100*S.P.=>S.P.= 5/2 C.P.= (5/2*100)% of C.P.=250% of C.P.