# Profit, Loss & Discounts Practice

A collection of questions that typically appear from the topic profit, loss and discounts in Indian Business Schools entrance tests such as XAT and TANCET. A basic topic; easy to master.

If a merchant offers a discount of 40% on the marked price of his goods and thus ends up selling at cost price, what was the % mark up?

- 28.57%
- 40%
- 66.66%
- 58.33%

**Correct Answer**Choice (3). The mark up was 66.66%. Correct answer- Explanatory answer
- Discounts & Marked Price
- Medium

If a merchant offers a discount of 30% on the list price, then she makes a loss of 16%. What % profit or % loss will she make if she sells at a discount of 10% of the list price?

- 6% loss
- 0.8% profit
- 6.25% loss
- 8% profit

**Correct Answer**Choice (4). 8% profit Correct answer- Explanatory answer
- Discounts & Profit
- Medium

A merchant marks his goods up by 60% and then offers a discount on the marked price. If the final selling price after the discount results in the merchant making no profit or loss, what was the percentage discount offered by the merchant?

- 60%
- 40%
- 37.5%
- Depends on the cost price

**Correct Answer**Choice (3). 37.5% discount Correct answer- Explanatory answer
- Profits & Discounts
- Medium

A merchant marks his goods up by 75% above his cost price. What is the maximum % discount that he can offer so that he ends up selling at no profit or loss?

- 75%
- 46.67%
- 300%
- 42.85%

**Correct Answer**Choice (4). Discount of 42.85% on the marked price Correct answer- Explanatory answer
- Discounts & Cost Price
- Medium

A merchant marks his goods in such a way that the profit on sale of 50 articles is equal to the selling price of 25 articles. What is his profit margin?

- 25%
- 50%
- 100%
- 66.67%

**Correct Answer**Choice (3). 100% profit Correct answer- Explanatory answer
- Profit & Selling Price
- Easy

Two merchants sell, each an article for Rs.1000. If Merchant A computes his profit on cost price, while Merchant B computes his profit on selling price, they end up making profits of 25% respectively. By how much is the profit made by Merchant B greater than that of Merchant A?

- Rs.66.67
- Rs.50
- Rs.125
- Rs.200

One year payment to the servant is Rs. 200 plus one shirt. The servant leaves after 9 months and recieves Rs. 120 and a shirt. What is the price of the shirt?

- Rs.80
- Rs.100
- Rs.120
- Cannot be determined

If apples are bought at the rate of 30 for a rupee, how many apples must be sold for a Rupee so as to gain 20%?

- 28
- 25
- 20
- 22

**Correct Answer**Choice (2).25 apples to a Rupee Correct answer- Explanatory answer
- Percentage Profit
- Easy

A trader buys goods at a 19% discount on the label price. If he wants to make a profit of 20% after allowing a discount of 10%, by what % should his marked price be greater than the original label price?

- +8%
- -3.8%
- +33.33%
- None of these

**Correct Answer**Choice (1).+8% profit. Correct answer- Explanatory answer
- Profit & Discounts
- Medium

Rajiv sold an article for Rs.56 which cost him Rs.x. If he had gained x% on his outlay, what was his cost?

- Rs.40
- Rs.45
- Rs.36
- Rs.28

**Correct Answer**Choice (1). His cost was Rs.40. Correct answer- Explanatory answer
- Percentage Profit
- Easy

A trader professes to sell his goods at a loss of 8% but uses a weight of 900 grams in place of a 1 kg weight. What is his real loss or gain per cent?

- 2% loss
- 2.22% gain
- 2% gain
- None of these

**Correct Answer**Choice (2). His real gain is 2.22% gain. Correct answer- Explanatory answer
- Percent Profit & Cost
- Medium

A merchant buys two articles for Rs.600. He sells one of them at a profit of 22% and the other at a loss of 8% and makes no profit or loss in the end. What is the selling price of the article that he sold at a loss?

- Rs.404.80
- Rs.440
- Rs.536.80
- Rs.160

**Correct Answer**Choice (1). Selling price of the article sold at a loss was Rs.404.80 Correct answer- Explanatory answer
- Selling price & Loss
- Medium

A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles. What % profit did he make in the transaction?

- 33.33%
- 75%
- 300%
- 150%

If a merchant makes a profit of 20% after giving a 20% discount, what should be his mark-up?

- 20%
- 40%
- 50%
- 60%
- 48%

**Correct Answer**Choice (3). His initial markup should be 50% Correct answer- Explanatory answer
- Profits & Discounts
- Easy

The Maximum Retail Price (MRP) of a product is 55% above its manufacturing cost. The product is sold through a retailer, who earns 23% profit on his purchase price. What is the profit percentage (expressed in nearest integer) for the manufacturer who sells his product to the retailer? The retailer gives 10% discount on MRP.

- 31%
- 22%
- 15%
- 13%
- 11%

**Correct Answer**Choice (D). The manufacturer sold a profit of 13%. Correct answer- Explanatory answer
- Profits, CP & Discounts
- Medium
- XAT 2015

## XAT TANCET Practice Questions - Listed Topic wise

- Number Theory
- Permutation Combination
- Probability
- Inequalities
- Geometry
- Coordinate Geometry
- Mensuration
- Trigonometry
- Data Sufficiency
- Percentages
- Profit Loss
- Ratio Proportion
- Mixtures & Alligation
- Speed Distance & Time
- Pipes, Cisterns & Work, Time
- Simple & Compound Interest
- Races
- Averages & Statistics
- Progressions : AP, GP & HP
- Set Theory
- Clocks Calendars
- Linear & Quadratic Equations
- Functions
- English Grammar
- General Awareness