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 : Arvind purchased a wrist watch with 30% discount on the labelled price. He sold it with 40% profit on the price he bought. What was his percent loss on the labelled price?

(a) 2%

(b) 4%

(c) 8%

(d) 6%

The correct answers to the above question in:

Answer: (a)

Let Marked price = Rs.x

C.P. = ${7x}/10$

S.P. = ${7x}/10 × 140/100 = {98x}/100$

Loss = $x - {98x}/100 = {2x}/100$

Loss per cent = ${2x}/{100 × x} × 100 = 2%$

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

The profit percent of a book seller if he sells book at marked price after enjoying a commission of 25% on marked price will be :

a) 30%

b) 20%

c) 33$1/3$%

d) 25%

Answer: (c)

If the marked price be Rs.100,

then C.P. = Rs.75; S.P. = Rs.100

Gain per cent = $25/75 ×100$

= $100/3 = 33{1}/3%$

Question : 2

A shopkeeper offers a discount of 10% on his articles. The marked price of the article is Rs.450. The selling price should be

a) Rs.395

b) Rs.405

c) Rs.400

d) Rs.410

Answer: (b)

S.P. of article = ${450 × 90}/100$ = Rs.405

Question : 3

A shopkeeper marked the selling price of his goods in such a way that after giving a discount of 10% he gains 17%. How much per cent above the cost price is the marked price?

a) 36%

b) 30%

c) 40%

d) 27%

Answer: (b)

C.P. of the article = Rs.100 and marked price = x

$x × 90/100$ = 117

$x = {117 × 100}/90$

= 130 i.e. 30% above C.P.

Question : 4

A shopkeeper sold sarees at Rs.266 each after giving 5% discount on labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree?

a) Rs.280

b) Rs.240

c) Rs.250

d) Rs.260

Answer: (c)

Let C.P. of each sari = Rs.x

Marked price = $({112x}/100)$

$95/100 × {112x}/100$ = 266

$x = {266 × 100 × 100}/{95 × 112}$ = Rs.250

Question : 5

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 : 6

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%

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 »