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

Ascent Education - IIM, CAT, XAT, TANCET, MBA Entrance Training Classes
 
TANCET '16 Classroom Program
 
XLRI XAT Classroom Program
 
Other Courses
 
Other Links
 
Contact Us
+91 44 4500 8484
+91 96000 48484
 
Facebook / Twitter / Blog / Videos
Follow Ascent Education's TANCET prep on Facebook   Follow Ascent's TANCET prep on Twitter   TANCET MBA prep blog   TANCET MBA prep videos   Google+

You are here: Home   XAT, TANCET Prep Questions  Percents, Fractions   Question 7

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

Correct Answer

25% Profit. Choice (3)

Explanatory Answers

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 = (20/16)*20 = 25

Profit = Selling price - Cost price

= 25 - 20 = 5

Percentage of profit = (profit/cost price)*100.

= (5/20)*100 = 25% Profit

Correct Answer (3)



More Questions on Percents & Fractions



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

     
     
     
     
     
     
     
 


Add to del.icio.us Add to del.icio.us Stumble It Stumble It digg this digg this
XLRI | FMS | ISB
Disclaimer | Privacy Policy | Terms of Use | © 2002 - 16 Ascent Education. All rights reserved.