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) If the sales tax be reduced from 3¹⁄₂% to 3¹⁄₃%, what difference does it make to a person who purchases an article whose marked price is ₹8,400?

(1) ₹20
(2) ₹15
(3) ₹14
(4) ₹10

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Answer: ₹14

2) By selling an article at ²⁄₃ of the marked price, there is a loss of 10%. The profit percent, when the article is sold at the marked price, is:

(1) 20%
(2) 30%
(3) 35%
(4) 40%

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Answer: 35%

3) Rita bought a television set with 20% discount on the labelled price. She made a profit of ₹800 by selling it for ₹16,800. The labelled price of the set was:

(1) ₹18,000
(2) ₹20,000
(3) ₹20,800
(4) ₹24,000

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Answer: ₹20,000

4) The marked price of an article is 10% higher than cost price. A discount of 10% is given on marked price. In this kind of sale, the seller bears:

(1) no loss, no gain
(2) a loss of 5%
(3) a gain of 1%
(4) a loss of 1%

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Answer: a loss of 1%

5) The marked price of an article is 50% above cost price. When marked price is increased by 20% and selling price is increased by 20%, the profit doubles. If original marked price is ₹300, then original selling price is:

(1) ₹200
(2) ₹250
(3) ₹240
(4) ₹275

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Answer: ₹250

6) The cost of manufacture of a tape recorder is ₹1,500. The manufacturer fixes the marked price 20% above the cost of manufacture and allows a discount in such a way as to get a profit of 8%. The rate of discount is:

(1) 12%
(2) 8%
(3) 20%
(4) 10%

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Answer: 10%

7) A shopkeeper sold sarees at ₹266 each after giving 5% discount on labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree?

(1) ₹280
(2) ₹260
(3) ₹240
(4) ₹250

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Answer: ₹250

8) Arvind purchased a wrist watch with 30% discount on the labelled price. He sold it with 40% profit on the price he bought. What was his percent loss on the labelled price?

(1) 2%
(2) 6%
(3) 4%
(4) 8%

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Answer: 2%

9) Profit after selling a commodity for ₹524 is the same as loss after selling it for ₹452. The cost price of the commodity is:

(1) ₹480
(2) ₹500
(3) ₹488
(4) ₹485

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Answer: ₹488

10) If the profit per cent got on selling an article is numerically equal to its cost price in rupees and the selling price is ₹39, then cost price (in ₹) will be:

(1) ₹20
(2) ₹22
(3) ₹28
(4) ₹30

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Answer: ₹30

11) 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) ₹370
(2) ₹380
(3) ₹390
(4) ₹400

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Answer: ₹390

12) A vendor loses the selling price of 4 oranges on selling 36 oranges. His loss per cent is:

(1) 12¹⁄₂%
(2) 9%
(3) 10%
(4) 11¹⁄₂%

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Answer: 10%

13) Mr. A bought two paintings and sold them for ₹20,000 each. On one he made 25% profit and on the other 25% loss. Then his net profit or loss is:

(1) He lost more than ₹2000
(2) He lost less than ₹2000
(3) He earned more than ₹2000
(4) He earned less than ₹2000

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Answer: He lost more than ₹2000

14) Loss of 20% on selling price is equal to x% loss on cost price. What is the value of x?

(1) 20
(2) 20
(3) 16²⁄₃
(4) 16

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Answer: 16²⁄₃

15) An article is sold at a certain price. If it is sold at half of the previous selling price, then there is a loss of 25¹⁄₂%. The profit after selling the article at the previous selling price is: