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Profit Loss and Discount ( 21 to 25 )

# APTITUDE QUESTIONS (PROFIT LOSS AND DISCOUNT):

21. If loss is 1/3 of S.P. then the loss percentage is:

A) 16(2/3)%

B) 20%

C) 25%

D) 33(1/3)%

E) None of these

View Answer

Answer: option (C)

Explanation:

Let S.P. = Rs. x. Then, Loss = Rs. x/3.C.P. = Rs.(x+x/3) = Rs. 4x/3

∴ Loss% = (x/3* 3/4x*100)%=25%

22. The gain or profit earned by selling an item for Rs. 1060 is 20% more than the loss incurred by selling the item for Rs. 950. At what price should the item be sold to earn 20% profit?

A) Rs. 980

B) Rs. 1080

C) Rs.1800

D) Rs.1200

E) None of these

View Answer

Answer: option (D)

Explanation:

Let C.P. be Rs. x.

Then, (1060 – x) = 120/100 (x – 950) => 106000 – 100x = 120x – 120 * 950

220x = 220000 => x = 1000

∴ Desired S.P. = Rs. ((120/100)*1000)=Rs.1200

23. The difference between the cost price and sale price of an item is Rs.240. If the profit is 40% then, the selling price is:

A) Rs.1240

B) Rs.840

C) Rs.1600

D) Rs.1800

E) None of these

View Answer

Answer: option (B)

Explanation:

Let the C.P. be Rs. x

Then, S.P. = 140% of Rs. x = Rs. (140/100*x) = Rs. 7x/5

∴ 7x/5- x=240

x = 600

∴ S.P. = Rs. (7/5*600)=Rs.840

24. After successive discounts of 12% and 5% an article was sold for Rs. 209. What was the original price of the article?

A) Rs. 226

B) Rs. 250

C) Rs. 252

D) Rs. 269

E) None of these

View Answer

Answer: option (B)

Explanation:

Let the original price be Rs. x. Then,

95% of 88% of x = 209 => x = ((209*100*100)/(95*88))=250

25. By selling 50 mangoes for Rs.30, a man loses 40%. How many mangoes should he sell for Rs.28 to gain 40% in the transaction?

A) 14

B) 19

C) 20

D) 22

E) None of these

View Answer

Answer: option (C)

Explanation:

Let S.P. of 50 mangoes be Rs. x. Then, 60:30 = 140: x or x = ((140*30)/60)=70

For Rs. 70, mangoes sold = 50. For Rs. 24, mangoes sold = ((50/70)*28)=20