Percentage Profit Loss Discount Practice – Full Set

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

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

1) A man sold an article at a loss of 20%. If he has sold that article for ₹12 more he would have gained 10%. Find the cost price of that article:

(1) ₹60
(2) ₹40
(3) ₹30
(4) ₹22

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Answer: ₹40

2) A man sells an article at 10% loss. If he had sold it at ₹10 more, he would have gained 10%. The cost price of the article is:

(1) ₹50
(2) ₹55
(3) ₹100
(4) ₹110

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Answer: ₹50

3) A book seller sells a book at a profit of 10%. If he had bought it at 4% less and sold it for ₹6 more, he would have gained 18³⁄₄%. The cost price of the book is:

(1) ₹130
(2) ₹140
(3) ₹150
(4) ₹160

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Answer: ₹150

4) A book vendor sold a book at a loss of 20%. Had he sold it for ₹108 more, he would have earned a profit of 30%. Find the cost price of the book:

(1) ₹216
(2) ₹648
(3) ₹240
(4) ₹432

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Answer: ₹216

5) A man sells an article at a gain of 15%. If he had bought it at 10% less and sold it for ₹4 less, he would have gained 25%. The cost price of the article is:

(1) ₹140
(2) ₹150
(3) ₹160
(4) ₹185

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Answer: ₹160

6) A businessman bought an article and sold it at a loss of 5%. If he had bought it for 10% less and sold it for ₹33 more, he would have had a profit of 30%. The cost price of the article is:

(1) ₹330
(2) ₹155
(3) ₹150
(4) ₹300

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Answer: ₹150

7) A man purchased 150 pens at the rate of ₹12 per pen. He sold 50 pens at a gain of 10%. The percentage gain at which he must sell the remaining pens so as to gain 15% on the whole outlay is:

(1) 21¹⁄₂%
(2) 20%
(3) 17%
(4) 17¹⁄₂%

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Answer: 17¹⁄₂%

8) A shopkeeper sells an article at a loss of 12¹⁄₂%. Had he sold it for ₹51.80 more, he would have earned a profit of 6%. The cost price of the article is:

(1) ₹280
(2) ₹300
(3) ₹380
(4) ₹400

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Answer: ₹280

9) Yogita sold a plasma TV at 20% gain to Shyamla. Shyamla sold it to Deepa at 10% profit. If Deepa had to pay ₹ 33,000 for the plasma TV, find the cost price of the plasma TV for Yogita.

(1) ₹ 30,000
(2) ₹ 25,000
(3) ₹ 35,000
(4) ₹ 40,000

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Answer: ₹ 25,000

10) A sells a cycle to B at a profit of 20% and B sells it to C at a loss of 25%. If C bought the cycle for ₹ P, then the cost price of it for A was:

(1) ₹ (1/20)P
(2) ₹ (9/10)P
(3) ₹ (9/20)P
(4) ₹ (10/9)P

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Answer: ₹ (10/9)P

11) The profit obtained by selling an article for Rs. 625 is same as the loss incurred if it is sold for Rs. 545. The price at which it is to be sold to realize a profit of Rs. 65 on the cost price is:

(1) Rs. 640
(2) Rs. 630
(3) Rs. 650
(4) Rs. 660

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Answer: Rs. 650

12) A shopkeeper purchases two items for Rs. 520. One of them is sold gaining 16% and the other at a loss of 10%, thus making no profit or loss. What is the selling price of the item sold at loss?

(1) Rs. 288
(2) Rs. 232
(3) Rs. 320
(4) Rs. 200

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Answer: Rs. 288

13) Sandeep sells an article at a loss of 10%. Had he bought it at 20% less and sold it for Rs. 55 more, he could have gained 40%. What is the cost price of the article?

(1) Rs. 200
(2) Rs. 225
(3) Rs. 250
(4) Rs. 275

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Answer: Rs. 250

15) 5% more is gained by selling a watch for Rs. 350 than by selling it for Rs. 340. The cost price of the watch is:

(1) Rs. 110
(2) Rs. 140
(3) Rs. 200
(4) Rs. 250

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Answer: Rs. 200

16) The profit earned by a shopkeeper by selling a bucket at a gain of 8% is Rs. 28 more than when he sells it at a loss of 8%. The cost price (in Rupees) of the bucket is: