MAE CLASSES (MAE)

MBA – APPTITUDE [Ph. No: 9557064555]

Profit & Loss [Visit Us: www.maeclasses.com]

1. Mr Kashyap purchased an air conditioner for (a) ₹ 700 (b) ₹ 710

₹ 12000 and sold it for ₹ 15000. What was the (c) ₹ 720 (d) ₹ 725
profit percentage? (e) None of these
(a) 15 (b) 20
(c) 25 (d) 35 9. Saransh purchased 120 reams of paper at ₹ 80
(e) None of these per ream. He spent ₹ 280 on transportation,
paid octroi at the rate of 40 paise per ream and
2. A shopkeeper bought an article for ₹ 2090.42. paid ₹ 72 to the coolie. If he wants to have a gain
Approximately, what will be the percentage of 8%, what must be the selling price per ream?
profit if he sold that article for ₹ 2602.58? (a) ₹ 86 (b) ₹ 87.48
(a) 15% (b) 20% (c) ₹ 89 (d) ₹ 90
(c) 25% (d) 30%
10. A manufacturer undertakes to supply 2000
3. Mohanlal purchased a TV set for ₹ 12500 and pieces of a particular component at ₹ 25 per
spent ₹ 300 on transportation and ₹ 800 on piece. According to his estimates, even if 5% fail
installation. At what price should he sell it so as to pass the quality tests, then he will make a
to earn an overall profit of 15. profit of 25%. However, as it turned out, 50% of
(a) ₹ 14375 (b) ₹ 14560 the components were rejected. What is the loss
(c) ₹ 15375 (d) ₹ 15460 to the manufacturer?
(e) None of these (a) ₹ 12,000 (b) ₹ 13,000
(c) ₹ 14,000 (d) ₹ 15,000
4. Sam purchased 20 dozens of toys at the rate
of ₹ 375 per dozen. He sold each one of them at 11. By selling a bicycle for ₹ 2850, a shopkeeper
the rate of ₹ 33. What was his percentage profit? gains 14%. If the profit is reduced to 8% then
(a) 3.5 (b) 4.5 the selling price will be
(c) 5.6 (d) 6.5 (a) ₹ 2600 (b) ₹ 2700
(e) None of these (c) ₹ 2800 (d) ₹ 3000

5. If an article is sold at 200 percent profit, then 12. A fruit seller sells mangoes at the rate of ₹ 9
the ratio of its cost price to its selling price will per kg and thereby loses 20%. At what price per
be kg, he should have sold them to make a profit of
(a) 1 : 2 (b) 2 : 1 5%?
(c) 1 : 3 (d) 3 : 1 (a) ₹ 11.81 (b) ₹ 12
(c) ₹ 12.25 (d) ₹ 12.31
6. The owner of a furniture shop charges his
customer 28% more than the cost price. If a 13. The ratio between the sale price and the cost
customer paid ₹ 23680 for a dining table set, price of an article is 7 : 5. What is the ratio
then what was the original price of the dining between the profit and the cost price of that
set? article?
(a) ₹ 15700 (b) ₹ 16250 (a) 2 : 7 (b) 5 : 2
(c) ₹ 17500 (d) ₹ 18500 (c) 7 : 2 (d) Data inadequate
(e) None of these (e) None of these

7. The sale price of an article including the sales 14. By selling an article at some price, a man
tax is ₹ 616. The rate of sales tax is 10%. If the gains 10%. If the article is sold at twice of the
shopkeeper has made a profit of 12%, then the price, the gain percent will be
cost price of the article is (a) 20% (b) 60%
(a) ₹ 500 (b) ₹ 515 (c) 100% (d) 120%
(c) ₹ 550 (d) ₹ 600
15. The C.P. of an article is 40% of the S.P. The
8. Abhishek purchased 140 shirts and 250 percent that the S.P. is of C.P. is
trousers @₹ 450 and @ ₹ 550 respectively. (a) 250 (b) 240
What should be the overall average selling price (c) 60 (d) 40
of shirts and trousers so that 40% profit is
earned? (rounded off to next integer)
16. By selling an article, Michael earned a profit 25. Ram bought 1600 eggs at ₹ 3.75 a dozen. He
equal to one-fourth of the price he bought it. If sold 900 of them at 2 for ₹ 1 and the remaining
he sold it for ₹ 375, what was the cost price? at 5 for ₹ 2. His percent gain or loss is
(a) ₹ 281.75 (b) ₹ 300 (a) 40% (b) 42%
(c) ₹ 312.50 (d) ₹ 350 (c) 45% (d) 46%

17. The profit earned after selling an article for ₹ 26. Oranges are bought at 5 for ₹ 10 and sold at
1754 is the same as loss incurred after selling 6 for ₹ 15. The profit or loss as percentage is
the article for ₹ 1492. What is the cost price of (a) 25% (b) 35%
the article? (c) 40% (d) 50%
(a) ₹ 1523 (b) ₹ 1589
(c) ₹ 1623 (d) ₹ 1689 27. A man bought pencils at the rate of 6 for ₹ 4
(e) None of these and sold them at the rate of 4 for ₹ 6. His gain in
the transaction is
18. The profit earned by selling an article for ₹ (a) 75% (b) 80%
900 is double the loss incurred when the same (c) 100% (d) 125%
article is sold for ₹ 450. At what price should the
article be sold to make 25% profit? 28. A person buys certain number of marbles at
(a) ₹ 600 (b) ₹ 750 20 per rupee and an equal number at 30 per
(c) ₹ 800 (d) Data inadequate rupee. He mixes them and sells them at 25 per
rupee. His gain or loss in the transaction is
19. Profit earned by selling an article for ₹ 1060 (a) 2% loss (b) 2% gain
is 20% more than the loss incurred by selling (c) 4% loss (d) 4% gain
the article for ₹ 950. At what price should the
article be sold to earn 20% profit? 29. rupee and the same number at the rate of 4
(a) ₹ 980 (b) ₹ 1080 per rupee. He mixed both the types and sold at
(c) ₹ 1800 (d) None of these the rate of 9 for 2 rupees. In this business he
suffered a loss of ₹ 3. The total number of
20. A whole seller buys 20 pens at the marked articles bought by him was
price of 16 pens to a retailer. The retailer in turn (a) 540 (b) 545
sells them at the marked price. Determine the (c) 1080 (d) 1090
gain or loss percent to the retailer.
(a) 20% (b) 23% 30. A vendor bought toffees at 6 for a rupee.
(c) 25% (d) 30% How many for a rupee must he sell to gain 20%?
(a) 3 (b) 4
21. The cost price of 20 articles is the same as (c) 5 (d) 6
the selling price of x articles. If the profit is 25%,
then the value of x is 31. Manish purchased 25 kg of rice @ ₹ 32 per
(a) 15 (b) 16 kg and 15 kg of rice @ ₹ 36 per kg. He mixed the
(c) 18 (d) 25 two varieties of rice and sold it @ ₹ 40.20 per
kg. What is the percent profit earned?
22. A man sold 18 cots for ₹ 16,800, gaining (a) 20 (b) 25
thereby the cost price of 3 cots. The cost price of (c) 30 (d) 40
a cot is (e) None of these
(a) ₹ 650 (b) ₹ 700
(c) ₹ 750 (d) ₹ 800 32. A trader mixes three varieties of groundnuts
costing ₹ 50, ₹ 20 and ₹ 30 per kg in the ratio 2 :
23. By selling 100 pencils, a shopkeeper gains 4 : 3 in terms of weight, and sells the mixture at
the selling price of 20 pencils. His gain percent is ₹ 33 per kg. What percentage of profit does he
(a) 12 (b) 15 make?
(c) 20 (d) 25 (a) 8% (b) 9%
(c) 10% (d) None of these
24. A man buys 2 dozen bananas at ₹ 16 per
dozen. After selling 18 bananas at the rate of ₹ 33. A dealer buys dry fruit at the rate of ₹ 100, ₹
12 per dozen, the shopkeeper reduced the rate 80 and ₹ 60 per kg. He bought them in the ratio
to ₹ 4 per dozen. The percent loss is 12 : 15 : 20 by weight. He in total gets 20%
(a) 25.2% (b) 32.4% profit by selling the first two and at last he finds
(c) 36.5% (d) 37.5% he has no gain no loss in selling the whole
quantity which he had. What was the percentage (a) ₹ 6250 (b) ₹ 7500
loss he suffered for the third quantity? (c) ₹ 8240
(a) 20% (b) 30% (d) Cannot be determined
(c) 40% (d) 50% (e) None of these

34. Five litres of water is added to a certain 41. A bought a radio set and spent ₹ 110 on its
quantity of pure milk costing ₹ 3 per litre. If by repairs. He then sold it to B at 20% profit, B sold
selling the mixture at the same price as before, a it to C at a loss of 10% and C sold it for ₹ 1188 at
profit of 20% is made, then what is the amount a profit of 10%. What is the amount for which A
of pure milk in the mixture? bought the radio set?
(a) 20 litres (b) 25 litres (a) ₹ 850 (b) ₹ 890
(c) 30 litres (d) 35 litres (c) ₹ 930 (d) ₹ 950

35. The manufacturer of a certain item can sell 42. A manufacturer sold a machine to a
all he can produce at the selling price of ₹ 60 wholesale dealer at a profit of 10%. The
each. It costs him ₹ 40 in materials and labour to wholesale dealer sold it to a retailer at a profit of
produce each item and he has overhead 20%. While transporting some defect occurred
expenses of ₹ 3000 per week in order to operate in the machine and hence the retailer sold it at a
the plant. The number of units he should loss of 5%. The customer paid ₹ 627. Find the
produce and sell in order to make a profit of at cost of the machine for the manufacturer.
least ₹ 1000 per week, is (a) ₹ 500 (b) ₹ 534
(a) 200 (b) 250 (c) ₹ 600 (d) ₹ 672
(c) 300 (d) 400
43. A merchant buys an article for ₹ 27 and sells
36. A dishonest dealer uses a scale of 90 cm it at a profit of 10 percent of the selling price.
instead of a metre scale and claims to sell at cost The selling price of the article is
price. His profit is (a) ₹ 29.70 (b) ₹ 30
(a) 9% (b) 10% (c) ₹ 32 (d) ₹ 37
(c) 12% (d) None of these
44. A clock was sold for ₹ 144. If the percentage
37. A fruit seller professes to sell his fruits at of profit was numerically equal to the cost price,
cost price, but still gains 25% on his outlay. the cost of the clock was
What weight does he substitute for a kilogram? (a) ₹ 72 (b) ₹ 80
(a) 800 gm (b) 850 gm (c) ₹ 90 (d) ₹ 100
(c) 890 gm (d) 900 gm
45. A man buys an article for 10% less than its
38. A shopkeeper advertises for selling cloth at value and sells it for 10% more than its value.
4% loss. However, by using a false metre scale His gain or loss percent is
he actually gains 20%. What is the actual length (a) no profit, no loss
of the scale? (b) 20% profit
(a) 70 cm (b) 75 cm (c) less than 20% profit
(c) 80 cm (d) 90 cm (d) more than 20% profit

39. A stockist wants to make some profit by 46. If 5% more is gained by selling an article for
selling sugar. He contemplates about various ₹ 350 than by selling it for ₹ 340, the cost of the
methods. Which of the following would article is
maximize his profit? (a) ₹ 50 (b) ₹ 160
(a) Sell sugar at 10% profit (c) ₹ 200 (d) ₹ 225
(b) Use 900 g of weight instead of 1 kg
(c) Mix 10% impurities in sugar and sell sugar at 47. A man sells a book at a profit of 20%. If he
cost price had bought it at 20% less and sold it for ₹ 18
(d) Increase the price by 5% and reduce the less, he would have gained 25%. The cost price
weight by 5% of the book is
(a) ₹ 60 (b) ₹ 70
40. Prateek sold a music system to Kartik at (c) ₹ 80 (d) ₹ 90
20% gain and Kartik sold it to Swastik at 40%
gain. If Swastik paid ₹ 10500 for the music 48. Goods pass successively through the hands
system, what amount did Prateek pay for the of three traders and each of them sells his goods
same? at a profit of 25% of his cost price. If the last
trader sold the goods for ₹ 250, then how much
did the first trader pay for them?
(a) ₹ 128 (b) ₹ 150
(c) ₹ 192 (d) ₹ 200

49. Samant bought a microwave oven and paid

10% less than the original price. He sold it with
30% profit on the price he had paid. What
percentage of profit did Samant earn on the
original price?
(a) 17% (b) 20%
(c) 27% (d) 32%
(e) None of these

50. A watch is sold at a profit of 20%. If both the

cost price and the selling price of the watch are
decreased by ₹ 100, the profit would be 5%
more. Original cost price of the watch is
(a) ₹ 450 (b) ₹ 500
(c) ₹ 550 (d) ₹ 600