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Percentage, Profit, Loss & Discount – Basic Set 1 [1-20] – 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 1 [1-20] – 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 milkman bought 70 litres of milk for ₹630 and added 5 litres of water. If he sells it at ₹9.00 per litre, his profit percentage is:

  • (1) 8\( \frac{1}{5} \)%
  • (2) 7%
  • (3) 8\( \frac{2}{5} \)%
  • (4) 7\( \frac{1}{7} \)%
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Answer: 7\( \frac{1}{7} \)%

🎥 Video Solution: Coming soon

2) A man bought an old typewriter for ₹1200 and spent ₹200 on its repair. He sold it for ₹1680. His profit per cent is:

  • (1) 20%
  • (2) 10%
  • (3) 8%
  • (4) 16%
🔽 Show Answer & Video

Answer: 20%

🎥 Video Solution: Coming soon

3) Krishnan bought a camera and paid 20% less than its original price. He sold it at 40% profit on the price he had paid. The percentage of profit earned by Krishnan on the original price was:

  • (1) 22%
  • (2) 32%
  • (3) 12%
  • (4) 15%
🔽 Show Answer & Video

Answer: 12%

🎥 Video Solution: Coming soon

4) By what per cent must the cost price be raised in fixing the sale price in order that there may be a profit of 20% after allowing a commission of 10%?

  • (1) 25%
  • (2) 133\( \frac{1}{3} \)%
  • (3) 33\( \frac{1}{3} \)%
  • (4) 30%
🔽 Show Answer & Video

Answer: 33\( \frac{1}{3} \)%

🎥 Video Solution: Coming soon

5) A retailer buys a radio for ₹225. His overhead expenses are ₹15. He sells the radio for ₹300. The profit per cent of the retailer is:

  • (1) 25%
  • (2) 26\( \frac{2}{3} \)%
  • (3) 20%
  • (4) 33\( \frac{1}{3} \)%
🔽 Show Answer & Video

Answer: 25%

🎥 Video Solution: Coming soon

6) A merchant purchases a wrist watch for ₹450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is:

  • (1) ₹650
  • (2) ₹700
  • (3) ₹550
  • (4) ₹600
🔽 Show Answer & Video

Answer: ₹600

🎥 Video Solution: Coming soon

7) The cost price of a radio is ₹600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be:

  • (1) ₹704.50
  • (2) ₹724.50
  • (3) ₹664.50
  • (4) ₹684.50
🔽 Show Answer & Video

Answer: ₹724.50

🎥 Video Solution: Coming soon

8) Pooja wants to sell a watch at a profit of 20%. She bought it at 10% less and sold it at ₹30 less, but still she gained 20%. The cost price of watch is:

  • (1) ₹240
  • (2) ₹220
  • (3) ₹250
  • (4) ₹225
🔽 Show Answer & Video

Answer: ₹250

🎥 Video Solution: Coming soon

9) If the profit on selling an article for ₹425 is the same as the loss on selling it for ₹355, then the cost price of the article is:

  • (1) ₹410
  • (2) ₹380
  • (3) ₹400
  • (4) ₹390
🔽 Show Answer & Video

Answer: ₹390

🎥 Video Solution: Coming soon

10) The cost price of 36 books is equal to the selling price of 30 books. The gain per cent is:

  • (1) 20%
  • (2) 16\( \frac{4}{6} \)%
  • (3) 18%
  • (4) 82\( \frac{2}{6} \)%
🔽 Show Answer
Answer: 20%

11) If the cost price of 12 oranges is equal to selling price of 10 oranges, then the percentage of profit is:

  • (1) 16\( \frac{2}{3} \)%
  • (2) 20%
  • (3) 18%
  • (4) 25%
🔽 Show Answer
Answer: 20%

12) The cost price of 8 articles is equal to the selling price of 9 articles. The profit or loss per cent in the transaction is:

  • (1) 12\( \frac{1}{2} \)% loss
  • (2) 12\( \frac{1}{2} \)% profit
  • (3) 11\( \frac{1}{9} \)% loss
  • (4) 11\( \frac{1}{9} \)% profit
🔽 Show Answer
Answer: 11\( \frac{1}{9} \)% loss

13) A sold an article to B at 20% profit and B sold to C at 15% loss. If A sold it to C at the selling price of B, then A would make:

  • (1) 5% profit
  • (2) 2% profit
  • (3) 2% loss
  • (4) 5% loss
🔽 Show Answer
Answer: 2% profit

14) If the cost price of 10 articles is equal to the selling price of 7 articles, then the gain or loss per cent is:

  • (1) 51% gain
  • (2) 42\( \frac{6}{7} \)% gain
  • (3) 35% loss
  • (4) 42\( \frac{6}{7} \)% loss
🔽 Show Answer
Answer: 42\( \frac{6}{7} \)% gain

15) A shopkeeper buys 144 items at 90 paise each. On the way 20 items are broken. He sells the remainder at ₹1.20 each. His gain per cent correct to one place of decimal is:

  • (1) 13.8%
  • (2) 14.6%
  • (3) 14.8%
  • (4) 15.8%
🔽 Show Answer
Answer: 14.8%

16) Ram sold two horses at the same price. In one he gets a profit of 10% and in the other he gets a loss of 10%. Then Ram gets:

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

17) A man purchases some oranges at the rate of 3 for ₹40 and the same quantity at 5 for ₹60. If he sells all the oranges at the rate of 3 for ₹50, find his gain or loss percent (to the nearest integer).

  • (1) 32% profit
  • (2) 31% loss
  • (3) 34% loss
  • (4) 31% profit
🔽 Show Answer
Answer: 32% profit

18) A shopkeeper sells rice at 10% profit and uses weight 30% less than the actual measure. His gain per cent is:

  • (1) 57\( \frac{2}{3} \)%
  • (2) 57\( \frac{1}{7} \)%
  • (3) 57\( \frac{2}{5} \)%
  • (4) 57\( \frac{3}{7} \)%
🔽 Show Answer
Answer: 57\( \frac{1}{7} \)%

19) A dishonest shopkeeper professes to sell goods at his cost price but uses a false weight of 950 gms for each kilogram. His gain per cent is:

  • (1) 6\( \frac{1}{4} \)%
  • (2) 5\( \frac{5}{19} \)%
  • (3) 5\( \frac{3}{17} \)%
  • (4) 6\( \frac{2}{7} \)%
🔽 Show Answer
Answer: 5\( \frac{5}{19} \)%

20) A dishonest dealer defrauds to the extent of \( x \)% in buying as well as selling his goods by using faulty weight. What will be the gain per cent on his outlay?

  • (1) \( 2x\% \)
  • (2) \( \left(\frac{10}{x} + x^2\right)\% \)
  • (3) None of these
  • (4) \( x + \frac{x^2}{100} \)%
🔽 Show Answer
Answer: None of these

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