CAT  >  Practice Questions Level 1: Profit, Loss & Discount - 2

# Practice Questions Level 1: Profit, Loss & Discount - 2 - Notes | Study Level-wise Practice Questions for CAT Preparation - CAT

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This EduRev document offers 20 Multiple Choice Questions (MCQs) from the topic Profit, Loss & Discount (Level - 1). These questions are of Level - 1 difficulty and will assist you in the preparation of CAT & other MBA exams. You can practice/attempt these CAT Multiple Choice Questions (MCQs) and check the explanations for a better understanding of the topic.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:By selling a watch for ₹ 560, a shopkeeper incurs a loss of 20%. Find the cost price of the watch for the shopkeeper.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:A cellular phone when sold for ₹ 3808 fetches a profit of 12%. Find the cost price of the cellular phone.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:A shopkeeper sold goods for ₹1800 and made a profit of 20% in the process. Find his profit per cent if he had sold his goods for ₹ 1687.5.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:A marble table when sold for ₹ 6400 gives a loss of 11.11% to the merchant who sells it. Calculate hisloss or gain per cent, if he sells it for ₹ 7812.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:A shopkeeper bought 480 chocolates at ₹ 6 per dozen. If he sold all of them at ₹ 0.75 each, what washis profit per cent?

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:The cost price of a shirt and a pair of trousers is ₹ 473. If the shirt costs 15% more than the trousers, find the cost price of the trouser.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:The marked price of a table is ₹1200, which is 20% above the cost price. It is sold at a discount of 10% on the marked price. find the profit per cent.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:A shopkeeper marks the price of an article at ₹ 250. Find the cost price if after allowing a discount of 20% he still gains 25% on the cost price.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:A dozen pairs of gloves quoted at ₹120 are available at a discount of 20%. Find how many pairs of gloves can be bought for ₹ 16.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:The printed price of a calculator is ₹ 225. A retailer pays ₹ 148.5 for it by getting successive discounts of 20% and another rate which is illegible. What is the second discount rate?

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:An iron merchant makes a profit of 30% by selling iron at ₹ 26 per quintal. If he sells the iron at ₹ 22.50per quintal, what is his profit per cent on the wholeinvestment?

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:A pet shop owner sells two puppies at the same price. On one he makes a profit of 25% and on the other he suffers a loss of 25%. Find his loss or gain per cent on the whole transaction.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:125 toffees cost ₹ 75. Find the cost of one million toffees if there is a discount of 40% on the sellingprice for this quantity.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:Find a single discount equivalent to the discount series of 25%, 20%, 10%.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:How much percent more than the cost price should a shopkeeper mark his goods, so that after allowing a discount of 6.25% he should have a gain of 25% on his outlay?

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:A whole-seller allows a discount of 25% on the list price to a retailer. The retailer sells at 10% discount on the list price. If the customer paid ₹ 54 for an article, what is the profit by the retailer?

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:The cost of production of a cordless phone set in 2016 is ₹ 1100, divided between material, labour and overheads in the ratio 4 : 5 : 2. If the cordless phone set is marked at a price that gives a 10% profit on the component of price accounted for by labour, what is the marked price of the set?

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:By selling a casserole for ₹ 820, a man incurs a loss of 18%. At what price should he sell the casserole to gain 28%?

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:The cost price of 40 Oranges is equal to the selling price of 30 Oranges. Find the percentage profit.

Question for Practice Questions Level 1: Profit, Loss & Discount - 2
Try yourself:A shopkeeper bought locks at the rate of 8 locks for ₹ 34 and sold them at the rate of 12 locks for ₹ 57. Calculate his gain percent.

The document Practice Questions Level 1: Profit, Loss & Discount - 2 - Notes | Study Level-wise Practice Questions for CAT Preparation - CAT is a part of the CAT Course Level-wise Practice Questions for CAT Preparation.
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