AMCAT Quantitative Ability: Profit & Loss 2

Question 1

A trader sells an article at a loss of 15%. If the selling price had been Rs 60 more, there would have been a gain of 10%. Find the cost price.

Accepted Answer

Rs 240

Answer

Rs 200

Answer

Rs 180

Answer

Rs 260

Question 2

By selling 20 items, a vendor gains the cost price of 5 items. What is his profit percentage?

Accepted Answer

25%

Answer

20%

Answer

15%

Answer

30%

Question 3

An article is sold at 20% profit. If its cost price is increased by 10% but the selling price remains the same, what is the new profit percentage?

Accepted Answer

9.1%

Answer

10%

Answer

12%

Answer

8%

Question 4

A merchant marks his goods 30% above cost and allows a 10% discount. His profit percentage is:

Accepted Answer

17%

Answer

20%

Answer

15%

Answer

19%

Question 5

Two articles are sold at Rs 1200 each. On one there is a 20% profit and on the other a 20% loss. Net result is:

Accepted Answer

4% loss

Answer

No gain/loss

Answer

4% profit

Answer

2% loss

Question 6

A TV is sold at 25% profit. If the SP is Rs 6250, what is the CP?

Accepted Answer

Rs 5000

Answer

Rs 4500

Answer

Rs 4800

Answer

Rs 5500

A trader sells an article at a loss of 15%.If the selling price had been Rs 60 more, there would have been a gain of 10%.Find the cost price.