Profit, Loss, and Discount

Author:Nishit K Sinha
CAT
IMPORTANT

Important Questions on Profit, Loss, and Discount

HARD
IMPORTANT

Left pan of a faulty balance weighs 100 g more than its right pan. A shopkeeper keeps the weight measure in the left pan while buying goods but keeps it in the right pan while selling his goods. He uses only 1 kg weight measure. If he sells his goods at cost price, what is his gain percentage?

HARD
IMPORTANT

In a joint venture, Ramesh invested 6 lakhs as fixed cost. While Suresh had to pay the variable cost for every three months in advance (i.e., for the first three months at the start of first month and for the next three months at the start of the fourth month and so on).

Table for costs is given below:

Quantity produced/month Variable cost per unit (₹) Fixed cost (₹) for 6 months
0-1,00,000  1.5 6,00,000 
1,00,001- 2,00,000  1.25 6,00,000 
2,00,001- 3,00,000 1 9,00,000 

For the first three months, they produced 1,00,000 units per month, and for the next three months, they produced 1,50,000 units per month.
All units produced were sold at  4 each. After six months, they sold their company for  2,00,000 and divided total profit according to their investments. Find out the total profit.

MEDIUM
IMPORTANT

The CP of a dozen mangoes is equal to the selling price of 10 mangoes. The SP of apples per piece is the cost price of a mango (per piece). If the profit % made on selling an apple is half that of selling a mango, then what is the cost of an apple if the selling price of one mango is X ?

EASY
IMPORTANT

Company ABC starts an educational program in collaboration with Institute XYZ. As per the agreement, ABC and XYZ will share profit in 60:40 ratio. The initial investment of 100,000 on infrastructure is borne entirely by ABC whereas the running cost of 400 per student is borne by XYZ. If each student pays 200for the program, find the minimum number of students required to make the program profitable, assuming ABC wants to recover its investment in the very first year and the program has no seat limits.

MEDIUM
IMPORTANT

Amit bought two cars. He then sold the first car at 10% profit and the second one at 25% profit. The selling price of the second car is 25% more than the selling price of the first car. What is the approximate profit per cent in both the cars together?

EASY
IMPORTANT

Rupesh marks up an article by p%, gives a discount of p4% and gets a profit of p4%. Had he marked up by p2% and given a discount p6%, what would be his profit percentage?

MEDIUM
IMPORTANT

Two pieces of the same cloth together cost ₹910. On selling from the first piece as many metres as the second piece originally contained and from the second piece half as many metres as the first piece contained originally. The remaining of the first piece turned out to exceed the remaining of the second piece by 10 m. Each metre of the cloth costs ₹ 14 . How many metre of cloth did each piece originally contain?

EASY
IMPORTANT

While returning from Dubai festival, Mr Sanjay Singh purchased a number of articles, all at a discount of 3313% of the list price. However, he is required to pay a duty of 20% on the his cost of goods. If he realizes a profit of 25% on his outlay, what must he charge for an article priced ₹ 228 as the list price?

EASY
IMPORTANT

A bookseller marks his books at an advance of 69% on the actual cost of production. He allows a discount of 15% and also given a copy free for every dozen sold at a time. What rate per cent profit does the bookseller make, if books are sold in lots of 12 ?

EASY
IMPORTANT

A man would gain 25% by selling a chair for  47.5and would gain 15% by selling a table for  57.5. He sells the chair for  36; what is the least price for which he must sell the table to avoid any loss on the two together?

EASY
IMPORTANT

By selling a watch at a profit of 10 per cent, a man got 15 more than half its price. What is the price of the watch?

MEDIUM
IMPORTANT

A wholesaler bought walnuts and peanuts, the price of walnut per kg being thrice that of peanut per kg. He then sold 8 kg of peanuts at a profit of 10% and 16 kg of walnuts at a profit of 20% to a shopkeeper. However, the shopkeeper lost 5 kg of walnuts and 3 kg of peanuts in transit. He then mixed the remaining nuts and sold the mixture at 166 per kg, thus making an overall profit of 25%. At what price, in per kg, did the wholesaler buy the walnuts?

EASY
IMPORTANT

In the year 2002, the cost price of an item was 90% of the selling price while in 2003 , the cost price was 95% of the selling price. If the gross profit remains the same for both the years, what is the percentage increase in the cost price of the item from 2002 to 2003 ?

MEDIUM
IMPORTANT

A trader sells 10 litres of a mixture of paints A and B, where the amount of B in the mixture does not exceed that of A. The cost of paint A per litre is 8 more than that of paint B. If the trader sells the entire mixture for 264 and makes a profit of 10%, then the highest possible cost of paint B, int per litre, is

MEDIUM
IMPORTANT

A shopkeeper sells two tables, each procured at cost price p, to Amal and Asim at a profit of 20% and at a loss 20% , respectively. Amal sells his table to Bimal at a profit of 30%, while Asim sells his table to Barun at a loss of 30%. If the amounts paid by Bimal and Barun are x and y, respectively, then (x-y)p equals

MEDIUM
IMPORTANT

Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. Ifhe made a total profit of 2000, then his purchase price of a bicycle, in Rupees, was

EASY
IMPORTANT

On selling a pen at 5% loss and a book at 15% gain, Karim gains 7 If he sells the pen at 5% gain and the book at 10% gain, he gains13 What is the cost price of the book in Rupees?

MEDIUM
IMPORTANT

A retailer keeps Reebok shoes, which are listed at a mark-up of 10%above their factory price. However, on Monday, he realized the shortage of demand and hence, decreased the list price by 10% On the very next day, that is Tuesday, he realized he is making a loss so, he increased the list price by 10% again. He continues this trend indefinitely. On which day, he will suffer a loss of more than 10% per shoes for the first time?

MEDIUM
IMPORTANT

The evergreen shrubs at Ravi's nursery are planted in rows on a square plot of land measuring 2401 ft2• The shrubs are planted in such a manner that the centers of the adjacent shrub are 7 ft apart and the outer shrubs are planted along the edges of the plot, with a shrub at each comer. Ravi spent $ 896 to cover all the costs necessary for raising this crop of the evergreen shrubs. If Ravi succeeds in selling each shrub for $ 35, his profit will be what percentage of his total cost?

MEDIUM
IMPORTANT

A spring balance reads 1 kg when actually 800 g is weighed on it. The shrewd grocer has already marked up the price of his goods by 20%. One day, a police inspector detects this and orders him to repair his spring balance and revert to the original list price of the goods. Moreover, he asked him to give a discount of10% to all the customers for a month from then onwards as a punishment. A day after, Ramu  paid 16 for 1 kg rice. Before the raid, how much he would have paid for the same quantity?