CAT > Level-wise Practice Questions for CAT Preparation > Practice Questions Level 3: Profit, Loss & Discount - 1

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This EduRev document offers 10 Multiple Choice Questions (MCQs) from the topic Profit, Loss & Discount (Level - 3). These questions are of Level - 3 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 3: Profit, Loss & Discount - 1

Try yourself:The ratios of cost prices and selling prices of products of two shopkeepers A and B are given by (CP)A : (CP)B = 4 : 7, and (SP)A : (SP)B = 7 : 10. Who is earning more profit and by how much?

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Question for Practice Questions Level 3: Profit, Loss & Discount - 1

Try yourself:By selling eggs at $5 per dozen, a man gained 20%. The cost price of eggs rises by . If he sells at the same price as before, find his new gain percent. By what percent should he raise his selling price to gain as much as he did previously?

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Question for Practice Questions Level 3: Profit, Loss & Discount - 1

Try yourself:On a certain day, the cost of an article is 'a' rupees. The next day, it increases by a% and then decreases by b%. The next day again, it increases by a% and then decreases by b%. Now, the cost of the article is 'a' rupees again. If b = 20, what can be the value of 'a'?

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Question for Practice Questions Level 3: Profit, Loss & Discount - 1

Try yourself:A man purchased some fruits, out of which 20% were damaged. So, he sold the damaged fruits for half of the market price and sold the rest at the market price. Finally, he got 25% profit. What percentage is the market price more than the cost price?

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Question for Practice Questions Level 3: Profit, Loss & Discount - 1

Try yourself:A horse and a carriage together cost Rs. 8000. If by selling the horse at a profit of 10% and the carriage at a loss of 10%, a total profit of 2.5% is made, what is the cost price of the horse?

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Question for Practice Questions Level 3: Profit, Loss & Discount - 1

Try yourself:A man bought two horses for Rs. 30,000 each. He sold one of them at a profit of 20% and the other one at a loss of 10%. What was his net profit/loss? By what percentage would the previous gain/loss would have increased/decreased if he had sold the first horse at a profit of 25% and the second at a loss of 21%?

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Question for Practice Questions Level 3: Profit, Loss & Discount - 1

Try yourself:The cost of 80% concentrated milk is Rs. 16/litre. The cost of 60% concentrated milk is Rs. 13/litre. If a person purchases 80% concentrated milk and mixes water (which is free of cost) in it to make it 60% concentrated milk, then by selling this milk, how much profit can he make?

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Question for Practice Questions Level 3: Profit, Loss & Discount - 1

Try yourself:Mr. Raju invested Rs. 2000 in the business of fast food. It flourished rapidly and brought a 50% profit every year. Instead of taking out the profit, it was added to the capital every year. What was his total investment in the business at the end of 5 years?

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Question for Practice Questions Level 3: Profit, Loss & Discount - 1

Try yourself:What profit will be made by selling an article at a certain price, if there is a loss of 10% incurred by selling it at 2/3 of that price?

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Question for Practice Questions Level 3: Profit, Loss & Discount - 1

Try yourself:A pharmaceutical company produces 6000 bottles of cough syrup for Rs. 1,32,000. It distributed 20% of the bottles among doctors as samples and sold 2/3 of the remaining bottles at 25% discount. The remaining bottles were sold to shopkeepers at 10% discount on the printed price of the bottle that was 50% more than the cost price. Find the profit or loss.

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The document Practice Questions Level 3: Profit, Loss & Discount - 1 - 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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