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Percentage, Profit, Loss & Discount – Basic Set 8 [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 8 [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) 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
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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
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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%
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Answer: 5%

🎥 Video Solution: Coming soon

. .


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
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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
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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
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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
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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 38%
  • (b) 30 58%
  • (c) 36 59%
  • (d) 35%
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Answer: 30 58%

🎥 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
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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
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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
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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%
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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%
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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
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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
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Answer: ₹ 975

🎥 Video Solution: Coming soon

16) An article is sold at a profit of 20%. If it had been sold at a profit of 25%, it would have fetched ₹ 35 more. The cost price of the article is:

  • (a) ₹ 650
  • (b) ₹ 700
  • (c) ₹ 750
  • (d) ₹ 800
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Answer: ₹ 700

🎥 Video Solution: Coming soon

17) A dealer makes a profit of 20% even after giving a 10% discount on the advertised price of a scooter. If he makes a profit of ₹ 7500 on the sale of the scooter, the advertised price was

  • (a) ₹ 45000
  • (b) ₹ 47500
  • (c) ₹ 50000
  • (d) ₹ 52500
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Answer: ₹ 50000

🎥 Video Solution: Coming soon

18) By selling a table for ₹ 350 instead of ₹ 400, loss percent increases by 5%. The cost price of the table is:

  • (a) ₹ 1050
  • (b) ₹ 417.50
  • (c) ₹ 435
  • (d) ₹ 1000
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Answer: ₹ 1000

🎥 Video Solution: Coming soon

19) An article passing through two hands is sold at a profit of 38% at the original cost price. If the first dealer makes a profit of 20%, then the profit percent made by the second is:

  • (a) 15%
  • (b) 12%
  • (c) 10%
  • (d) 5%
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Answer: 15%

🎥 Video Solution: Coming soon

20) A tradesman, by means of a false balance defrauds 10 percent in buying goods and also defrauds 10 percent in selling. His gain percent is:

  • (a) 10%
  • (b) 11%
  • (c) 21%
  • (d) 100%
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Answer: 21%

🎥 Video Solution: Coming soon


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