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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.