Percentage, Profit, Loss & Discount – Basic Set 8 [1-20] – Must Practice Set for CAT, XAT & Other MBA Exams
June 9, 2024 2025-06-09 14:10Percentage, Profit, Loss & Discount – Basic Set 8 [1-20] – Must Practice Set for CAT, XAT & Other MBA Exams

Percentage, Profit, Loss & Discount – Basic Set 8 [1-20] – Must Practice Set for CAT, XAT & Other MBA Exams
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TogglePercentage, Profit, Loss and Discount MCQs – CAT & XAT Level Practice
Compiled by Maths By Amiya. Click below to reveal answers and video walkthroughs.
1) The difference between the selling prices of an article at a profit of 15% and at a profit of 10% is ₹10. The cost price of the article is:
- (a) ₹100
- (b) ₹120
- (c) ₹150
- (d) ₹200
Answer: ₹200
🎥 Video Solution: Coming soon
2) If the difference between the selling prices of an article at profit of 6% and 4% is ₹3, then the cost price of the article should be:
- (a) ₹100
- (b) ₹150
- (c) ₹175
- (d) ₹200
Answer: ₹150
🎥 Video Solution: Coming soon
3) Rahul buys a book for ₹400 and sells it for ₹500. The difference between his profit as a percentage of the buying price and then as a percentage of the selling price is:
- (a) 25%
- (b) 5%
- (c) 0%
- (d) 20%
Answer: 5%
🎥 Video Solution: Coming soon
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4) A trader bought 10 kg of apples for ₹405 out of which 1 kg of apples were found to be rotten. If he wishes to make a profit of 10%, at what rate should he sell the remaining apples per kg?
- (a) ₹45
- (b) ₹49.50
- (c) ₹50
- (d) ₹51
Answer: ₹49.50
🎥 Video Solution: Coming soon
5) If the cost of pins reduces by ₹4 per dozen, 12 more pins can be purchased for ₹48. The cost of pins per dozen after reduction is:
- (a) ₹8
- (b) ₹12
- (c) ₹16
- (d) ₹20
Answer: ₹12
🎥 Video Solution: Coming soon
6) A tradesman sold an article at a loss of 20%. If the selling price had been increased by ₹100, there would have been a gain of 5%. The cost price of the article was:
- (a) ₹200
- (b) ₹25
- (c) ₹400
- (d) ₹250
Answer: ₹400
🎥 Video Solution: Coming soon
7) The reduction of ₹12 in the selling price of an article will change 5% gain into 2½% loss. The cost price of the article is:
- (a) ₹140
- (b) ₹160
- (c) ₹80
- (d) ₹100
Answer: ₹160
🎥 Video Solution: Coming soon
8) A manufacturer fixes his selling price at 33% over the cost of production. If cost of production goes up by 12% and manufacturer raises his selling price by 10%, his percentage profit is:
- (a) 28 3⁄8%
- (b) 30 5⁄8%
- (c) 36 5⁄9%
- (d) 35%
Answer: 30 5⁄8%
🎥 Video Solution: Coming soon
9) A reduction of 20% in the price of rice enables a buyer to buy 5 kg more for rupees 1200. The reduced price per kg of rice will be:
- (a) 36
- (b) 45
- (c) 48
- (d) 60
Answer: 48
🎥 Video Solution: Coming soon
10) A man wanted to sell an article with 20% profit; but he actually sold at 20% loss for ₹ 480. At what price he wanted to sell it to earn the profit?
- (a) ₹ 720
- (b) ₹ 840
- (c) ₹ 600
- (d) ₹ 750
Answer: ₹ 720
🎥 Video Solution: Coming soon
11) A house worth ₹ 1,50,000 is sold by X at a 5% profit to Y. Y sells the house back to X at a 2% loss. Then in the entire transaction?
- (a) X gains ₹ 4,350
- (b) X loses ₹ 4,350
- (c) X gains ₹ 3,150
- (d) X loses ₹ 3,150
Answer: X gains ₹ 3,150
🎥 Video Solution: Coming soon
12) A book-seller bought 200 textbooks for ₹ 12,000. He wanted to sell them at a profit so that he got 20 books free. At what profit percent should he sell them?
- (a) 10%
- (b) 11%
- (c) 11.5%
- (d) 12%
Answer: 10%
🎥 Video Solution: Coming soon
13) The price of a jewel, passing through three hands, rises on the whole by 65%. If the first and second sellers earned 20% and 25% profit respectively, the profit earned by the third seller is
- (a) 20%
- (b) 15%
- (c) 10%
- (d) 5%
Answer: 10%
🎥 Video Solution: Coming soon
14) A person sells a table at a profit of 10%. If he had bought the table at 5% less cost and sold for ₹ 80 more, he would have gained 20%. The cost price of the table is
- (a) ₹ 3,200
- (b) ₹ 2,500
- (c) ₹ 2,000
- (d) ₹ 200
Answer: ₹ 2,000
🎥 Video Solution: Coming soon
15) A man bought a certain quantity of rice at the rate of ₹ 650 per quintal. 20% of the rice was spoiled. At what rate should he sell the remaining rice to gain 20% on the outlay?
- (a) ₹ 775
- (b) ₹ 850
- (c) ₹ 890
- (d) ₹ 975
Answer: ₹ 975
🎥 Video Solution: Coming soon