model 5 marked price Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 11 EXERCISES

Top 10,000+ Aptitude Memory Based Exercises

The following question based on profit & loss topic of quantitative aptitude

Questions : A dealer purchased a washing machine for Rs.7,660. After allowing a discount of 12% on its marked price, he still gains 10%. Find the marked price of the washing machine.

(a) Rs.9,575

(b) Rs.8,246

(c) Rs.9,755

(d) Rs.8,426

The correct answers to the above question in:

Answer: (a)

If the marked price of the washing machine be Rs.x, then

${x × 88}/100 = {7660 × 110}/100$

$x = {7660 × 110}/88$ = Rs.9575

Practice profit & loss (model 5 marked price) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

Read more marked price Based Quantitative Aptitude Questions and Answers

Question : 1

A publisher printed 2000 copies of a book at a cost of Rs.70,000. He distributes 400 copies free as specimen copies. He gave 30% discount on printed price and the printed price of each book is Rs.75. What is his gain or loss percentage ?

a) 20% gain

b) 10% loss

c) 10% gain

d) 20% loss

Answer: (a)

S.P. of each book = ${75 × 70}/100$ = Rs.52.50

Total S.P. = 1600 × 52.50 = Rs.84000

Gain = 84000 - 70000 = Rs.14000

Gain% = $14000/70000 × 100$ = 20%

Question : 2

Richa purchased an article at $4/5$ of its list price and sold it at 20% more than the list price. Richa’s profit percent was

a) 50%

b) 30%

c) 25%

d) 40%

Answer: (a)

Let list price of article = Rs.100

CP for Richa = 100 × $4/5$ = Rs.80

S.P. for Richa = Rs.120

Gain = 120 - 80 = Rs.40

Gain per cent = $40/80 × 100$ = 50%

Question : 3

To gain 8% after allowing a discount of 10%, by what per cent cost price should be hiked in the list price ?

a) 9%

b) 18%

c) 20%

d) 11%

Answer: (c)

Let the cost price be 100 and marked price be Rs.x.

Then, ${x × 90}/100 = 108$

${9x}/10 = 108$ ⇒ x = ${108 × 10}/9$ = 120

Required percentage = 20%

Question : 4

How much percent above the cost price should a shopkeeper mark his goods so as to earn a profit of 32% after allowing a discount of 12% on the marked price ?

a) 50%

b) 60%

c) 45%

d) 40%

Answer: (a)

Let the C.P. be Rs.100 and the marked price be Rs.x.

$x × 88/100$ = 132

$x = {132 × 100}/88$

= 150 i.e., more by 50%

Question : 5

The cost of manufacture of a tape recorder is Rs.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

a) 12%

b) 20%

c) 10%

d) 8%

Answer: (c)

Marked price of tape recorder

= ${1500 × 120}/100$ = Rs.1800

Gain = ${1500 × 8}/100$ = Rs.120

Discount = 1800 - (1500 + 120) = Rs.180

Let Discount per cent = x%, then

${1800 × x}/100$ = 180 ⇒ x = 10%

Method 2 :

If the discount be x%, then

$20 - x - {20x}/100$ = 8

$20 - {6x}/5 = 8$

${6x}/5$ = 20 - 8 = 12

$ x = {12 × 5}/6$ = 10%

Question : 6

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 Rs.300, then original selling price is

a) Rs.200

b) Rs.240

c) Rs.275

d) Rs.250

Answer: (d)

Let the original S.P. be x. C.P. of the article

= ${300 × 100}/150$ = Rs.200

After corresponding increases

${x × 120}/100 - 200 = 2(x - 200)$

${6x}/5 - 200 = 2x - 400$

6x - 1000 = 10x - 2000

4x = 1000 ⇒ x = Rs.250

Recently Added Subject & Categories For All Competitive Exams

100+ Quadratic Equation Questions Answers PDF for Bank

Quadratic Equation multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams

03-Jul-2024 by Careericons

Continue Reading »

IBPS Aptitude Linear Equations MCQ Questions Answers PDF

Linear equations multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams

03-Jul-2024 by Careericons

Continue Reading »

New 100+ Compound Interest MCQ with Answers PDF for IBPS

Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams

02-Jul-2024 by Careericons

Continue Reading »

100+ Mixture and Alligation MCQ Questions PDF for IBPS

Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams

02-Jul-2024 by Careericons

Continue Reading »