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Percentage, Profit, Loss & Discount – Basic Set 4 [1-15] – Must Practice Set for CAT, XAT & Other MBA Exams

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% Profit Loss Discount / CAT / QUANT / Question Bank

Percentage, Profit, Loss & Discount – Basic Set 4 [1-15] – Must Practice Set for CAT, XAT & Other MBA Exams

Percentage Profit Loss Discount Practice – Full Set

Percentage, Profit, Loss and Discount MCQs – CAT & XAT Level Practice

Compiled by Maths By Amiya. Click below to reveal answers and video walkthroughs.


1) Find the selling price of an article if a shopkeeper allows two successive discounts of 5% each on the marked price of ₹80.

  • (1) ₹70.20
  • (2) ₹70.10
  • (3) ₹72.00
  • (4) ₹72.20
🔽 Show Answer
Answer: ₹72.20

2) An item costing ₹840 was sold by a shopkeeper at a gain of 10% and it was again sold by the new buyer at a loss of 5%. Final selling price of the item is:

  • (1) ₹877.80
  • (2) ₹798
  • (3) ₹924
  • (4) ₹37.80
🔽 Show Answer
Answer: ₹877.80

3) A grocery dealer cheats to the extent of 10% while buying as well as selling by using false weight. What is his increase in the profit %?

  • (1) 20%
  • (2) 21%
  • (3) 22%
  • (4) None of these
🔽 Show Answer
Answer: 21%

4) A balance of a trader weighs 20% less than it should be. Still the trader mark-up his goods to get the overall profit of 35%. What is mark-up on the cost price?

  • (1) 7%
  • (2) 8%
  • (3) 9%
  • (4) 8.5%
🔽 Show Answer
Answer: 8%

5) By selling an article for ₹240, a man incurs a loss of 10%. At what price should he sell it, so that he makes a profit of 20%?

  • (1) ₹264
  • (2) ₹288
  • (3) ₹300
  • (4) ₹320
🔽 Show Answer
Answer: ₹320

6) By selling an article for ₹72, there is a loss of 10%. In order to gain 5%, its selling price should be:

  • (1) ₹87
  • (2) ₹85
  • (3) ₹80
  • (4) ₹84
🔽 Show Answer
Answer: ₹84

7) A shopkeeper bought 80 kg of sugar at the rate of ₹13.50 per kg. He mixed it with 120 kg of sugar costing ₹16 per kg. In order to make a profit of 20%, he must sell the mixture at:

  • (1) ₹18 per kg
  • (2) ₹17 per kg
  • (3) ₹16.40 per kg
  • (4) ₹15 per kg
🔽 Show Answer
Answer: ₹18 per kg

8) To gain 10% on selling sample milk at the cost price of pure milk, the quantity of water to be mixed with 50 kg of pure milk is:

  • (1) 2.5 Kg
  • (2) 5 Kg
  • (3) 7.5 Kg
  • (4) 10 Kg
🔽 Show Answer
Answer: 5 Kg

9) By selling a plot of land for ₹45,000 a person loses 10%. At what price should he sell it to gain 15%?

  • (1) ₹50,000
  • (2) ₹55,000
  • (3) ₹57,500
  • (4) ₹60,000
🔽 Show Answer
Answer: ₹57,500

10) A radio dealer sold a radio at a loss of 2.5%. Had he sold it for ₹100 more, he would have gained 7½%. In order to gain 12½%, he should sell it for:

  • (1) ₹1080
  • (2) ₹1125
  • (3) ₹850
  • (4) ₹925
🔽 Show Answer
Answer: ₹1125

11) By selling an article for ₹665, there is a loss of 5%. In order to make a profit of 12%, the selling price of the article must be:

  • (1) ₹812
  • (2) ₹800
  • (3) ₹790
  • (4) ₹784
🔽 Show Answer
Answer: ₹784

12) If a man were to sell his wrist-watch for ₹720, he would lose 25%. What price must he sell at to gain 25%?

  • (1) ₹960
  • (2) ₹900
  • (3) ₹1000
  • (4) ₹1200
🔽 Show Answer
Answer: ₹1200

13) An article was sold at a profit of 12%. If the cost price would be 10% less and selling price would be ₹5.75 more, there would be profit of 30%. Then at what price it should be sold to make a profit of 20%?

  • (1) ₹115
  • (2) ₹120
  • (3) ₹138
  • (4) ₹215
🔽 Show Answer
Answer: ₹138

14) Sourav purchased 30 kg of rice at the rate of ₹10 per kg and 35 kg at the rate of ₹11 per kg. He mixed the two. At what price per kg should he sell the mixture to make a 30% profit?

  • (1) ₹12.5
  • (2) ₹13
  • (3) ₹13.7
  • (4) ₹14.25
🔽 Show Answer
Answer: ₹13.7

15) After selling 5% of a quantity of sugar, 5 kg of sugar remains. Find the total quantity of sugar.

  • (1) 19 kg
  • (2) 5 519 kg
  • (3) 100 kg
  • (4) 95 kg
🔽 Show Answer
Answer: 5 519 kg

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