Quantitative Aptitude: Profit & Loss 16

  1. Mani bough a printer and sold it to Raj for Rs.2160 thereby making a profit of 20%. At what price Mani must sell the printer to earn a profit of 40%?
    Rs.2780
    Rs.2665
    Rs.2000
    Rs.2520
    Rs.2200
    Option D
    CP be x. x*1.2 = 2160
    => x = 1800
    Required Amount = 1800*1.4 = Rs.2520

     

  2. A shopkeeper bought an article for Rs.x. He spent Rs.650 on its repair. He marked the article 60% above the total price of the article for the shopkeeper and then sold the article offering two consecutive discounts of 10% and 25%. If he made a profit of Rs.248 then find the value of x.
    2000
    2450
    2370
    2200
    2780
    Option B
    Total CP of the article = Rs.(x+650)
    MP = (x+650)*1.60 = Rs.(1.6x+1040)
    SP = x+650+248 = Rs.(1.6x+1040)*0.90*0.75
    => x + 898 = 1.08x + 702
    =>x = 2450

     

  3. A shopkeeper marked an article at x% above the cost price and sold it after two consecutive discounts of 10% and 20%. In this transaction he had a profit of Rs.360. Find the value of x if the marked price of the article is Rs.6750.
    40%
    30%
    60%
    20%
    50%
    Option E
    SP of the article = 6750*0.80*0.90 = Rs.4860
    CP = 4860 – 360 = Rs.4500
    MP = 4500*(100+x)/100 = 6750
    Therefore, 4500+45x = 6750
    => x = 50%

     

  4. The ratio of number of books and number of pens sold by a shopkeeper is 5:3 resp. If the price of 6 pens is Rs.270 and the price of a book is 60% more than the price of a pen. If the total revenue earned by the shopkeeper is Rs.2475 find the number of books sold by shopkeeper.
    23
    25
    24
    28
    22
    Option B
    Price of each pen = 270/6 = Rs.45
    Price of each book = 45*1.6 = Rs.72
    Now, 3x*45 + 5x*72 = 2475
    => x = 5
    Number of books sold by the shopkeeper = 5*5 = 25

     

  5. Article X and Y were sold at 10% and 15% discounts resp. Cost price of both articles was same. Find the ratio marked price of the article A and B resp. if profit earned from article A and B was 8% and 40/3% resp.
    7:4
    3:5
    9:10
    5:2
    9:8
    Option C
    Let the CP of both the article be Rs.x.
    SP of X = 108% of x = Rs.108x
    SP of Y = 340/3% of x = Rs.17x/15
    MP of X = 1.08x/0.9 = Rs.1.2x
    MP of Y = 17x/15/0.85 = Rs.4x/3
    Required ratio = 1.2x:4x/3 = 9:10

     

  6. The ratio of the cost price of two articles A and B is 5:4 resp. The shopkeeper sold article A and article B at 20% and 30% profit resp. Find the overall profit percent of the shopkeeper.
    29.46%
    28.03%
    22.22%
    24.44%
    20.48%
    Option D
    SP of article A = 1.2*5x = Rs.6x
    SP of article B = 1.3*4x = Rs.5.2x
    Total Profit = 11.2x – 9x = Rs.2.2x
    Required Profit% = (2.2x/9x)*100 = 24.44%

     

  7. A shopkeeper is giving a discount of 20% on the marked price but a customer bargains and the shopkeeper sells him at Rs. 240 less than he was supposed to sell. If the profit of the shopkeeper is decreased from 80% to 50% find the marked price of the item.
    1300
    1600
    1100
    1500
    1800
    Option E
    Let the MP be x.
    And CP be y. 1.8y = 0.8x —-(1)
    And 1.5y = 0.8x – 240 —-(2)
    Now, 1.8y = 1.5y + 240
    => y = Rs.800
    So, x = (1.8*800)/0.8 = 1800

     

  8. Tim brought a bike and sold it to Harry and earned a profit of 40%. Had he bought it for Rs.1000 less and sold it Rs.5000 less he would have gained 25%. Find the amount spent by Harry to buy the bike.
    Rs.35000
    Rs.33000
    Rs.25000
    Rs.20000
    Rs.30000
    Option A
    Let the CP be x.
    SP = Rs.1.4x
    Now, 1.4x – 5000 = 1.25(x – 1000)
    => x = 25000
    Amount spent by Harry to buy the bike = 25000*1.4 = Rs.35000

     

  9. A and B together started a firm with an investment of Rs.30,000 and Rs.50,000 resp. After completion of one year, A increased investment by 20%, while B decreased investment by 14%. If at the end of second year, total profit earned by them was Rs.47700. Find the share of profit of B.
    Rs.23200
    Rs.27000
    Rs.29800
    Rs.28800
    Rs.27900
    Option E
    Total investment by A = 30000+1.2*30000 = Rs.66000
    Total investment by B = 50000+0.86*50000 = Rs.93000
    Ratio of investment = 66000:93000 = 22:31
    Profit share of B = 31/53*47700 = Rs.27900

     

  10. Puja marks an article at 30% above its cost price and sells it to Priya at 12% discount. Priya marks it up by 50% and sells it to Gita at a discount of 25%. If selling price by Priya is Rs.1001 more than the selling price by Puja, find the price at which Sita buys the article.
    Rs.8100
    Rs.9700
    Rs.9200
    Rs.9000
    Rs.9009
    Option E
    Let the price of the article but by Puja be Rs.x
    MP for Puja =x+30% of x = Rs.1.3x
    SP for Puja = 1.3x*0.88 = Rs.1.144x
    MP for Priya = 1.144x * 1.5 = Rs.1.716x
    SP for Priya = 1.716x*0.75 = 1.287x
    Now, 1.287x – 1.144x = 1001 => x = Rs.7000
    CP for Sita = SP for Priya = 1.287x = 1.287*7000 = Rs.9009

     


Related posts

3 Thoughts to “Quantitative Aptitude: Profit & Loss 16”

  1. Hello there, I found your site via Google while looking for a related topic, your website came up, it looks good. I have bookmarked it in my google bookmarks.

  2. Hey! Quick question that’s entirely off topic. Do
    you know how to make your site mobile friendly?
    My website looks weird when viewing from my iphone.
    I’m trying to find a template or plugin that might
    be able to resolve this problem. If you have any suggestions, please
    share. Thank you!

  3. Have you ever thought about creating an e-book or guest authoring on other blogs?
    I have a blog based on the same subjects you discuss and would love to have you share some stories/information. I know my subscribers would enjoy your
    work. If you are even remotely interested, feel free to shoot me an email.

Comments are closed.