AMCAT - Aspiring Minds Computer Adaptive Quantitative Ability: Profit & Loss Questions and Answers

Question 1

A shopkeeper sells a laptop for Rs. 48,000, making a profit of 20%. To achieve a profit of 30%, at what price should he sell the laptop?

Accepted Answer

Rs. 52,000

Answer

Rs. 50,000

Answer

Rs. 54,000

Answer

Rs. 49,500

Question 2

A fruit vendor incurs a loss of 15% by selling 60 oranges for Rs. 102. How many oranges should he sell for Rs. 88 to make a profit of 10%?

Accepted Answer

36

Answer

40

Answer

32

Answer

44

Question 3

A dishonest dealer professes to sell his goods at cost price but uses a weight of 900 grams for a 1 kg weight. What is his gain percent?

Accepted Answer

11.11%

Answer

10%

Answer

9%

Answer

12.5%

Question 4

An item is marked at Rs. 1,500. The shopkeeper offers two successive discounts of 20% and 10%. What is the final selling price of the item?

Accepted Answer

Rs. 1,080

Answer

Rs. 1,050

Answer

Rs. 1,100

Answer

Rs. 975

Question 5

If the cost price of 15 pens is equal to the selling price of 12 pens, which of the following is true?

Accepted Answer

There is a profit of 25%

Answer

There is a loss of 20%

Answer

There is a profit of 20%

Answer

There is a loss of 25%

Question 6

A man buys a cycle for Rs. 5,600 and spends Rs. 400 on repairs. If he sells the cycle for Rs. 6,600, what is his profit percentage?

Accepted Answer

10%

Answer

12.5%

Answer

15%

Answer

17.85%