 # Profit, Loss and Discount Test 1

This Test will cover basic concepts of Profit, Loss and Discount section of Numerical Reasoning Topic.

Q. If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 435, what is the greatest possible profit that might be made in selling eight books?
 A. Rs. 400 B. Rs. 600 C. Cannot be determined D. None of these
Q. A sells an article which costs him Rs. 400 to B at a profit of 20%. B then sells it to C making a profit of 10% on the price he paid to A. How much does C pay B?
 A. Rs. 472 B. Rs. 476 C. Rs. 528 D. Rs. 532
Q. Aditya purchased 20 reams of paper at Rs. 80 per ream. He spent Rs. 280 on transportation, paid octroi at the rate of 40 paise for ream and paid Rs. 72 to the coolie. If he wants to have a gain of 8%, what must be the selling price per ream?
 A. Rs. 86 B. Rs. 87.48 C. Rs. 89 D. Rs. 90

Q. Abhishek bought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20%?
 A. Rs. 400 B. Rs. 440 C. Rs. 500 D. Rs. 550
Q. A manufacturer undertakes to supply 2000 pieces of a particular component at Rs. 25 per piece. According to his estimates, even if 5% fail to pass the quality tests, then he will make a profit of 25%. However, as it turned out, 50% of the components were rejected. What is the loss to the manufacturer?
 A. Rs. 12,000 B. Rs. 13,000 C. Rs. 14,000 D. Rs. 15,000
Q. A fruit seller sells mangoes at the rate of Rs. 9 per Kg and thereby loses 20%. At what price per kg. He should have sold them to make a profit of 5%?
 A. Rs. 11.81 B. Rs. 12 C. Rs. 12.25 D. Rs. 12.31
Q. The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the selling price for making 50% profit?
 A. Rs. 920 B. Rs. 960 C. Rs. 1060 D. Rs. 1200
Q. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
 A. Rs. 2000 B. Rs. 2200 C. Rs. 2400 D. Data inadequate

Q. A man buys 2 dozen bananas at Rs. 16 per dozen. After selling 18 bananas at the rate of Rs. 12 per dozen, the shopkeeper reduced the rate to Rs. 4 per dozen. The percent loss will be?
 A. 25.2% B. 32.4% C. 36.5% D. 37.5%
Q. A man bought some oranges at Rs. 10 per dozen and bought the same number of oranges at Rs. 8 per dozen. He sold these oranges at Rs. 11 per dozen and gained Rs. 120. The total number of oranges bought by him was?
 A. 30 dozens B. 40 dozens C. 50 dozens D. 60 dozens
Q. Ram purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of Rs. 14.25 per kg. He mixed the two and sold the mixture, approximately what price per kg should he sell the mixture to make 30% profit?
 A. Rs. 14.80 B. Rs. 15.40 C. Rs. 15.60 D. Rs. 16.30
Q. By mixing two brands of tea and selling the mixture at the rate of Rs. 177 per kg, a shopkeeper makes a profit of 18%. If to every 2 kg of one brand (costing Rs. 200 per kg), 3 kg of the other brand is added, then how much per kg does the other brand cost?
 A. Rs. 110 B. Rs. 120 C. Rs. 140 D. None of the above

Q. The manufacturer of a certain item can sell all he can produce at the selling price of Rs. 60 each. It costs him Rs. 40 in materials and labour to produce each item and he has overhead expenses of Rs. 3000 per week in order to operate the plant. The number of units he should produce and sell in order to make a profit of at least Rs. 1000 per week, is?
 A. 200 B. 250 C. 300 D. 400
Q. A bought a radio set and spent Rs. 110 on its repairs. He then sold it to B at 20% profit, B sold it to C at a loss of 10% and C sold it for Rs. 1188 at a profit of 10%. What is the amount of which A bought the radio set?
 A. Rs. 850 B. Rs. 890 C. Rs. 930 D. Rs. 950
Q. A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%. The wholesaler sells the same to a retailer at a profit of 20%. The retailer in turn sells then to a customer for Rs. 30.09, thereby earning a profit of 25%. The cost price for the manufacturer is?
 A. Rs. 15 B. Rs. 16 C. Rs. 17 D. Rs. 18