Practice Questions for Arithmetic - Profit & Loss

1. CRE 2 - Discount | Arithmetic - Profit & Loss

A trades man charges 20% above cost price. He then allows a discount of 10%. After the whole transaction what will be his gain% or loss%?

(a)
12% loss
(b)
10% gain
(c)
8% gain
(d)
None of these

2. CRE 2 - Discount | Arithmetic - Profit & Loss

A merchant marked his goods 20% above the cost price and sold the goods at a profit of 8%. The rate % of discount is:

(a)
12%
(b)
10%
(c)
15%
(d)
8%

3. CRE 2 - Discount | Arithmetic - Profit & Loss

Two shopkeepers sell the machines at the same list price. The first allows two successive discounts of 30% and 6%; and the second 20% and 16%. Which discount series is more advantageous to the purchaser?

(a)
305 and 6%
(b)
20% and 16%
(c)
Both have same value
(d)
None of these

4. CRE 2 - Discount | Arithmetic - Profit & Loss

The cost price of an article is 80% of its marked price. The dealer allows 15% discount on the marked price. Find the gain or loss percent?

(a)
25%
(b)
10%
(c)
6.25%
(d)
8.5%

5. CRE 2 - Discount | Arithmetic - Profit & Loss

A sewing machine with a marked price of Rs. 400 was being sold at a 10% discount for cash payment and during the stock clearance a further discount was offered so that the machine now cost Rs. 342. What was the second discount offered?

(a)
2.5%
(b)
5%
(c)
7.5%
(d)
8%

6. CRE 2 - Discount | Arithmetic - Profit & Loss

Successive discounts of 30%, 25% and 20% are equivalent to a single discount of

(a)
58%
(b)
40.33%
(c)
41.24%
(d)
51.26%
(e)
None of these

7. CRE 2 - Discount | Arithmetic - Profit & Loss

The difference between the discounts of 30% on Rs. 1000 and two successive discounts of 20% and 10 % on the same price is

(a)
Nil
(b)
Rs. 20
(c)
Rs. 16.30
(d)
Rs. 11.85
(e)
None of these

8. CRE 2 - Discount | Arithmetic - Profit & Loss

At what percentage above the cost price must an article be marked so as to gain 36% after allowing a discount of 15%?

(a)
60%
(b)
36%
(c)
39%
(d)
27.5%
(e)
None of these

9. CRE 2 - Discount | Arithmetic - Profit & Loss

A trader allows two successive discounts of 30% and 15%. If he sells the article for Rs.357, then the marked price of the article is

(a)
Rs. 420
(b)
Rs. 546
(c)
Rs. 755
(d)
Rs. 600
(e)
None of these

CRE 2 - Discount | Arithmetic - Profit & Loss

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