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 buys 12 articles for ₹12 and sells them at the rate of ₹1.25 per article. His gain percentage is:

(1) 20%
(2) 25%
(3) 15%
(4) 18%

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Answer: 25%

2) 12 copies of a book were sold for ₹1800, thereby gaining cost-price of 3 copies. The cost price of a copy is:

(1) ₹120
(2) ₹150
(3) ₹1200
(4) ₹1500

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Answer: ₹120

3) 100 oranges are bought for ₹350 and sold at the rate of ₹48 per dozen. The percentage of profit or loss is:

(1) 15% loss
(2) 15% gain
(3) 14\( \frac{2}{7} \)% loss
(4) 14\( \frac{2}{7} \)% profit

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Answer: 14\( \frac{2}{7} \)% profit

4) The cost price of two dozen bananas is ₹32. After selling 18 bananas at the rate of ₹12 per dozen, the shopkeeper reduced the rate to ₹4 per dozen. The percent loss is:

(1) 25.2%
(2) 32.4%
(3) 36.5%
(4) 37.5%

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Answer: 37.5%

5) Ramesh bought 10 cycles for ₹500 each. He spent ₹2,000 on repairs. He sold five for ₹750 each and five for ₹550 each. The total gain or loss % is:

(1) Gain of 8\( \frac{1}{3} \)%
(2) Loss of 8\( \frac{1}{3} \)%
(3) Gain of 7\( \frac{2}{3} \)%
(4) Loss of 7\( \frac{1}{7} \)%

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Answer: Loss of 7\( \frac{1}{7} \)%

6) I purchased 120 exercise books at the rate of ₹3 each and sold:

\( \frac{1}{3} \) at ₹4 each,
\( \frac{1}{2} \) at ₹5 each,
and the rest at cost price.

My profit percent was:

(1) 44%
(2) 44\( \frac{4}{9} \)%
(3) 44\( \frac{2}{3} \)%
(4) 45%

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Answer: 44\( \frac{4}{9} \)%

7) A shopman bought pens at the rate of 7 for ₹10 and sold them at a profit of 40%. How many pens would a customer get for ₹10?

(1) 6
(2) 4
(3) 5
(4) 3

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Answer: 5

8) A man buys a certain number of oranges at 20 for ₹60 and an equal number at 30 for ₹60. He mixes them and sells them at 25 for ₹60. What is the gain or loss percent?

(1) Gain of 4%
(2) Loss of 4%
(3) Neither gain nor loss
(4) Loss of 5%

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Answer: Loss of 4%

9) A man bought oranges at the rate of 8 for ₹34 and sold them at the rate of 12 for ₹57. How many oranges should be sold to earn a net profit of ₹45?

(1) 90
(2) 100
(3) 135
(4) 150

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Answer: 90

10) A manufacturer sells an item to a wholesale dealer at a profit of 18%. The wholesaler sells it to a retailer at a profit of 20%. The retailer in turn sells it to a customer for ₹15045 thereby earning a profit of 25%. The cost price of the manufacturer is:

(1) ₹8000
(2) ₹8500
(3) ₹9000
(4) ₹10000

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Answer: ₹8500

11) A radio is sold at a profit of 20%. Had it been sold for ₹60 more, the profit would have been 30%. The cost price of the radio is:

(1) ₹500
(2) ₹600
(3) ₹550
(4) ₹620

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Answer: ₹600

12) A dealer sold a bicycle at a profit of 10%. Had he bought the bicycle at 10% less price and sold it at a price ₹60 more, he would have gained 25%. The cost price of the bicycle was:

(1) ₹2400
(2) ₹2600
(3) ₹2000
(4) ₹2200

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Answer: ₹2400

13) A sold a watch at a gain of 5% to B and B sold it to C at a gain of 4%. If C paid ₹91 for it, the price paid by A is:

(1) ₹83.33
(2) ₹84.33
(3) ₹83
(4) ₹82.81

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Answer: ₹83.33

14) Arun buys one kilogram of apples for ₹120 and sells it to Swati gaining 25%. Swati sells it to Divya who again sells it for ₹198, making a profit of 10%. What is the profit percentage made by Swati?