CAT, XAT, FMS, IIFT, SNAP entrance Math sample questions - Percentages - Ascent Education MBA Entrance preparation

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Percentages - XAT 2016 / TANCET 2016 Quant/Math Questions

This question is from the topic Percentages and tests you understanding of percent profit and percent loss.

Question

If the cost price of 20 articles is equal to the selling price of 16 articles, what is the percentage profit or loss made by the merchant?
1. 20% Profit
2. 25% Loss
3. 25% Profit
4. 33.33% Loss

25% Profit. Choice (3)

Let Cost price of 1 article be Re.1.

Therefore, Cost price of 20 articles = Rs.20.

Selling price of 16 articles = Rs.20

Therefore, Selling price of 20 articles = = 25

Profit = Selling price - Cost price

= 25 - 20 = 5

Percentage of profit = .

= = 25% Profit

CAT, XAT, TANCET Practice Questions and Answers : Listed Topicwise

 Number Theory Permutation Combination Probability Inequalities Geometry Mensuration Trigonometry Coordinate Geometry Percentages Profit Loss Ratio Proportion Mixtures Alligation Speed Time Distance Pipes Cisterns Interest Races Average, Mean AP, GP, HP Set Theory Clocks Calendars Algebra Function English Grammar General Awareness Data sufficiency TANCET Papers XAT Papers

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