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Profit Loss and Discount ( 6 to 10 ):

# APTITUDE QUESTIONS (PROFIT LOSS AND DISCOUNT):

6. If the cost price is 94% of the selling price, then what is the profit percent?

A) 6.7%

B) 4.7%

C) 5.7%

D) 6.3%

E) None of these

View Answer

Answer: option (D)

Explanation:

Let S.P. = Rs.100. then, C.P. = Rs. 94; Profit = Rs.6

∴ Profit% = ((6/94)*100))% = 300/47 = 6.3%

7. The profit earned by selling an item for Rs. 1100 is double the loss incurred when the same item is sold for Rs. 600. At what price should the item be sold to make 35% profit?

A) Rs. 600

B) Rs. 750

C) Rs. 1080

D) Rs. 500

E) None of these

View Answer

Answer: option (C)

Explanation:

Let C.P. = Rs. x. Then, 1100 + x = 2(x – 600) => 3x = 2400 => x = 800

∴ Required S.P. = 135% of Rs. 800 = Rs. (135/100*800)=Rs.1080

8. Successive discounts of 10% and 30% are equivalent to a single discount of

A) 40%

B) 35%

C) 50%

D) 37%

E) None of these

View Answer

Answer: option (D)

Explanation:

Required Discount = (10+30-(10*30)/100)%

= (40 – 3)% = 37%

9. If the cost price of 10 pens is equal to the selling price of 6 pens, then the profit percent is:

A) 25%

B) 33(1/3 )%

C) 40%

D) 66(2/3 )%

E) None of these

View Answer

Answer: option (C)

Explanation:

Let C.P. of each pen be Rs. 1. Then, C.P. of 6 pens = Rs. 6 and S.P. of 6 pens = Rs. 10

∴ Profit% = ((4/10)*100))%=40%

10. By selling 45 lemons for Rs.40, a man loses 20%. How many should he sell for Rs.36 to gain 20% in the transaction?

A) 16

B) 18

C) 20

D) 27

E) None of these

View Answer

Answer: option (D)

Explanation:

Let S.P. of 45 lemons be Rs. x. Then, 80 : 40 = 120 : x or x = ((120*40)/80)=60

For Rs. 60, lemons sold = 45. For Rs.36, lemons sold = ((45/60)*36)=27