Practice Test Geeks(AMCAT) Aspiring Minds Computer Adaptive Test Practice Test
← All AMCAT Flashcard Decks

Quantitative Ability: Profit & Loss Flashcards

6 cards from real AMCAT practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 Quantitative Ability: Profit & Loss flashcards as text

  1. A trader sells an article at a loss of 15%. If the selling price had been Rs 60 more, there would have been a gain of 10%. Find the cost price.

    Answer: Rs 240

    1.1C − 0.85C = 60 → 0.25C = 60 → C = Rs 240.

  2. By selling 20 items, a vendor gains the cost price of 5 items. What is his profit percentage?

    Answer: 25%

    Profit = 5 CP on total cost of 20 CP. Profit% = 5/20 × 100 = 25%.

  3. An article is sold at 20% profit. If its cost price is increased by 10% but the selling price remains the same, what is the new profit percentage?

    Answer: 9.1%

    Let CP=100. SP=120. New CP=110. Profit=10. Profit%=10/110×100=9.09%.

  4. A merchant marks his goods 30% above cost and allows a 10% discount. His profit percentage is:

    Answer: 17%

    Let CP=100. MP=130. SP=130×0.9=117. Profit=17%.

  5. Two articles are sold at Rs 1200 each. On one there is a 20% profit and on the other a 20% loss. Net result is:

    Answer: 4% loss

    CP1=1200/1.2=1000. CP2=1200/0.8=1500. Total CP=2500. Total SP=2400. Loss=100. Loss%=4%.

  6. A TV is sold at 25% profit. If the SP is Rs 6250, what is the CP?

    Answer: Rs 5000

    SP = CP × 1.25 = 6250 → CP = 6250/1.25 = Rs 5000.