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Percentage, Profit, Loss & Discount – Basic Set 7 [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 7 [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) A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays ₹225 for it, the cost price of the bicycle for A is:

  • (1) ₹110
  • (2) ₹125
  • (3) ₹120
  • (4) ₹150
🔽 Show Answer
Answer: ₹150

2) A saleable article passes successively in the hands of three traders. Each trader sold it further at a gain of 25% of the cost price. If the last trader sold it for Rs. 250, then what was the cost price for the first trader?

  • (1) ₹128
  • (2) ₹150
  • (3) ₹192
  • (4) ₹200
🔽 Show Answer
Answer: ₹128

3) A manufacturer sells an article to a wholesale dealer at a profit of 10%. The wholesale dealer sells it to a shopkeeper at 20% profit. The shopkeeper sells it to a customer for ₹56100 at a loss of 15%. Then the cost price of the article to the manufacturer is:

  • (1) ₹25000
  • (2) ₹10000
  • (3) ₹50000
  • (4) ₹55000
🔽 Show Answer
Answer: ₹50000

4) A piece of land came to a person through three middleman each gaining 20%. If the person purchased the land for ₹3,45,600 the original cost of the land was:

  • (1) ₹1,00,000
  • (2) ₹1,50,000
  • (3) ₹1,75,800
  • (4) ₹2,00,000
🔽 Show Answer
Answer: ₹2,00,000

5) A sells an article to B at a gain of 20% and B sells it to C at a gain of 10% and C sells it to D at a gain of 12.5%. If D pays ₹29.70, A purchased the article for:

  • (1) ₹40
  • (2) ₹10
  • (3) ₹20
  • (4) ₹30
🔽 Show Answer
Answer: ₹20

6) A sells a suitcase to B at 10% profit. B sells it to C at 30% profit. If C pays ₹2860 for it, then the price at which A bought it is:

  • (1) ₹1000
  • (2) ₹1600
  • (3) ₹2000
  • (4) ₹2500
🔽 Show Answer
Answer: ₹2000

7) A shopkeeper sells two T.V. sets at the same price. There is a gain of 20% on one TV and a loss of 20% on the other. State which of the following statement is correct:

  • (1) The shopkeeper makes no net gain or profit
  • (2) The shopkeeper loses by 2%
  • (3) The shopkeeper gains by 4%
  • (4) The shopkeeper loses by 4%
🔽 Show Answer
Answer: (4) The shopkeeper loses by 4%

8) Kewal sells two tape recorders at the same price. On one, he gains 10% and on the other he loses 10%. The total gain or loss in the transaction is:

  • (1) 1% gain
  • (2) 1% loss
  • (3) No loss or gain
  • (4) 2% loss
🔽 Show Answer
Answer: (2) 1% loss

9) A dealer sold two types of goods for ₹10,000 each. On one of them, he lost 20% and on the other he gained 20%. His gain or loss percent in the entire transaction was:

  • (1) 2% loss
  • (2) 2% gain
  • (3) 4% gain
  • (4) 4% loss
🔽 Show Answer
Answer: (4) 4% loss

10) A television and a refrigerator were sold for ₹12,000 each. If the television was sold at a loss of 20% of the cost and the refrigerator at a gain of 20% of the cost, the entire transaction resulted in:

  • (1) No loss or gain
  • (2) Loss of ₹1,000
  • (3) Gain of ₹1,000
  • (4) Loss of ₹1,200
🔽 Show Answer
Answer: (2) Loss of ₹1,000

11) A man bought two goats for ₹1008. He sold one at a loss of 20% and the other at a profit of 44%. If each goat was sold for the same price, the cost price of the goat which was sold at loss was:

  • (1) ₹648
  • (2) ₹360
  • (3) ₹568
  • (4) ₹440
🔽 Show Answer
Answer: (1) ₹648

12) A cloth merchant sold half of his cloth at 20% profit, half of the remaining cloth at 20% loss and the rest was sold at his cost price. In the total transaction, his gain or loss will be:

  • (1) 5% profit
  • (2) Neither loss nor gain
  • (3) 5% loss
  • (4) 10% profit
🔽 Show Answer
Answer: (1) 5% profit

13) The total cost price of two watches is ₹840. One is sold at a profit of 16% and the other at a loss of 12%. There is no loss or gain in the whole transaction. The cost price of the watch on which the shopkeeper gains is:

  • (1) ₹360
  • (2) ₹370
  • (3) ₹380
  • (4) ₹390
🔽 Show Answer
Answer: (1) ₹360

14) A man buys a field of agricultural land for ₹3,60,000. He sells one-third at a loss of 20% and two-fifths at a gain of 25%. At what price must he sell the remaining field so as to make an overall profit of 10%?

  • (1) ₹1,00,000
  • (2) ₹1,15,000
  • (3) ₹1,20,000
  • (4) ₹1,25,000
🔽 Show Answer
Answer: (3) ₹1,20,000

15) A person bought two bicycles for ₹1600 and sold the first at 10% profit and the second at 20% profit. If he sold the first at 20% profit and the second at 10% profit, he would get ₹5 more. The difference of the cost price of the two bicycles was:

  • (1) ₹50
  • (2) ₹40
  • (3) ₹25
  • (4) ₹75
🔽 Show Answer
Answer: (1) ₹50

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