Profit Questions & Answers

Profit Loss and Discounts - CAT 2007 Sample Questions

A collection of questions that typically appear from the topics of Profit, Loss and Discounts.

1. May 2, 2006 �  If a merchant offers a discount of 40% on the marked price of his goods and thus ends up selli class="text"ng at cost price, what was the % mark up? Explanatory Answer �
   
   
2. April 3, 2006 �  If a merchant offers a discount of 30% on the li class="text"st price, then she makes a loss of 16%. What % profit or % loss will she make if she sells at a discount of 10% of the li class="text"st price? Solution �
   
   
3. September 02, 2004 �  A merchant marks his goods up by 60% and then offers a discount on the marked price. If the final selli class="text"ng price after the discount results in the merchant making no profit or loss, what was the percentage discount offered by the merchant? Explanatory Answer �
   
   
4. July 22, 2003 �  A merchant marks his goods up by 75% above his cost price. What is the maximum % discount that he can offer so that he ends up selli class="text"ng at no profit or loss? Solution �
   
   
5. July 10, 2003 �  A merchant marks his goods in such a way that the profit on sale of 50 articles is equal to the selli class="text"ng price of 25 articles. What is his profit margin? Solution �
   
   
6. July 3, 2003 �  Two merchants sell, each an article for Rs.1000. If Merchant A computes his profit on cost price, while Merchant B computes his profit on selli class="text"ng price, they end up making profits of 25% respectively. By how much is the profit made by Merchant B greater than that of Merchant A? Correct Answer & Explanation �
   
   
7. May 12, 2003 �  One year payment to the servant is Rs. 200 plus one shirt. The servant leaves after 9 months and recieves Rs. 120 and a shirt. Then find the price of the shirt. Solution �
   
   
8. Arpil 29, 2003 �  If apples are bought at the rate of 30 for a rupee. How many apples must be sold for a rupee so as to gain 20%? Correct Answer & Explanation �
   
   
9. September 17, 2002 �  A trader buys goods at a 19% discount on the label price. If he wants to make a profit of 20% after allowing a discount of 10%, by what % should his marked price be greater than the original label price? Solution �
   
   
10. August 26, 2002 �  Rajiv sold an article for Rs.56 which cost him Rs.x. If he had gained x% on his outlay, what was his cost? Solution �
    
    
11. July 09, 2002 �  A trader professes to sell his goods at a loss of 8% but weights 900 grams in place of a kg weight. Find his real loss or gain per cent. Correct Answer & Explanation �
    
    
12. April 04, 2002 �  A merchant buys two articles for Rs.600. He sells one of them at a profit of 22% and the other at a loss of 8% and makes no profit or loss in the end. What is the selli class="text"ng price of the article that he sold at a loss? Solution �
    
    
13. April 01, 2002 �  A trader makes a profit equal to the selli class="text"ng price of 75 articles when he sold 100 of the articles. What % profit did he make in the transaction? Solution �