Aptitude Logical Reasoning Profit and Loss 2021 Competitive Exams Part 6
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1. Ramesh purchased a refrigerator for ₹ 12500 after getting a discount of 20 % on the labelled price. He spent ₹ 125 on transport and ₹ 250 on installation. At what price should it be sold so that the profit earned would be 10 % if no discount was offered?
A. ₹ 16500
B. ₹ 15525
C. ₹ 17000
D. ₹ 17600
E. None of these
Answer: D
2. The successive discounts 20 % and 15 % are equal to a single discount of?
A. 35 %
B. 38 %
C. 32 %
D. 29 %
E. None of these
Answer: C
3. A shopkeeper purchased 70 kg of potatoes for ₹ 420 and sold the whole lot at the rate of ₹ 6.50 per kg. What will be his gain percent?
A. %
B. %
C. %
D. 20 %
Answer: C
4. Sam purchased 20 dozens of toys at the rate of ₹ 375 per dozen. He sold each one of them at the rate of ₹ 33. What was his percentage profit?
A. 3.5
B. 4.5
C. 5.6
D. 6.5
Answer: C
5. The sale price of an article including the sales tax is ₹ 616. The rate of sales tax is 10 % . If the shopkeeper has made a profit of 12 % , then the cost price of the article is:
A. ₹ 500
B. ₹ 515
C. ₹ 550
D. ₹ 600
Answer: A
6. Jacob brought a scooter for a certain sum of money. He spent 10 % of the cost on repairs and sold the scooter for a profit of ₹ 1100. How much did he spend on repairs if he made a profit of 20 % ?
A. ₹ 400
B. ₹ 440
C. ₹ 500
D. ₹ 550
Answer: C
7. The ratio of the cost price and the selling price is 4: 5. The profit percent is:
A. 10 %
B. 20 %
C. 25 %
D. 30 %
Answer: C
8. The ratio between the sale price and the cost price of an article is 7: 5. What is the ratio between the profit and the cost price of that article?
A. 2: 7
B. 5: 2
C. 7: 2
D. Data inadequate
E. None of these
Answer: E
9. A man gains 20 % by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:
A. 40
B. 100
C. 120
D. 140
Answer: D
10. If selling price is doubled, the profit triples. Find the profit percent:
A.
B. 100
C.
D. 120
Answer: B