QUANTITATIVE ABILITY HANDOUT
(Percentages, Profit and Loss – II)
Ref: QAHO1001904
Directions for questions 1 to 20: Solve the following questions.
1. What should come in the place of the following blanks?
Profit
C. P S.P Profit/loss
percentage
(a) `400 20%
(b) `600 25%
(c) `300 20%
2. (a) The cost price of two articles is the same. If
one item is sold at 10% profit and the other
at 10% loss, what is the profit or loss percent on
the whole?
(b) Two articles were sold at the same price. On
one article a loss of 10% was incurred and on
the other, a profit of 10% was made. What is
the profit or loss percent made on the whole?
3. Two articles were bought at the same price. One
was sold at 20% profit and the other was sold at
10% loss. What is the profit or loss percent made on
the whole?
4. Purab purchased a certain number of articles at the
rate of 15 for `5300 and sold all of them at the rate
of 20 for `8480. Find the profit percentage of Purab
in the transaction.
5. Ashok incurred a loss of 15% by selling 80 apples
for `2,040. How many apples must he sell for
`2340 to make a 30% gain?
6. A merchant sold a cycle at a loss of 20%. Instead, if
he had sold it for `450 more, he would have made
10% profit. What is his cost price?
7. Mohan purchased a certain quantity of rice. If he
sold one-third of the rice at a profit of 20%, find the
profit percent he needs to make on the remaining
rice to make an overall profit of 25%.
8. Anand sells an article to Bhavya at 25% profit, and
Bhavya sells it to Chetan at 20% profit.
(a) By what percent is Chetan’s cost price more
than Anand’s?
(b) If Anand purchased it for `600, how much did it
cost Chetan?
(c) If Chetan bought it for `1,200, at what price did
Anand buy it?
9. A salesman calculated his profit percentage by mistake
on his selling price and says it is 20%. What is the
actual profit percentage?
10. (a) If the selling price of 12 oranges sold by a trader is
equal to the cost price of 15 oranges, then find
his profit or loss percent.
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(b) If the profit on selling 20 chairs is equal to the
cost price of 4 chairs, find the profit percent.
(c) If the profit made by a trader on selling 20 m of
cloth is equal to the selling price of 5 m of cloth,
find his profit percent.
11. A dishonest merchant weighs 100 gm less for every
kilo gram of sugar that he sells.
(a) Find his gain percentage if the merchant’s
selling price is the same as his cost price.
(b) Find his overall gain percentage, if his selling
price is 20% more than his cost price.
12. A trader marks his washing machine 30% above the
cost price and offers a discount. Find the discount
percentage if the trader makes a net profit of 17%.
13. Two successive discounts of 20% each are
equivalent to a single discount of how much
percentage?
14. If the discount on an article is increased from 20% to
35%, the money realized from the sale decreases by
`27. What is the marked price of the article?
15. Amogh and Bhargav started a business by investing
`8,00,000 and `7,00,000 respectively. After one
year, they made a profit of `45,000.
(a) Find the ratio of the shares of Amogh and Bhargav
in the profit.
(b) Find the respective shares of Amogh and
Bhargav in the profit.
16. A started a business with `3,00,000. After two
months B joined him with `2,00,000. A left after
6 months whereas B stayed on till the end of the
year. Find the ratio of their shares in the year-end
profit.
17. (a) Subodh and Gyan started a business with
capitals of `6,00,000 and `7,20,000 respectively
Subodh manages the business and gets a
salary of `20,000 per month. If at the end of the
year they make a profit of `5,70,000, what are
Subodh's earnings at the end of the year?
(b) Puneet and Akshay run a business in a certain
year. As puneet is a working partner, he is paid
a salary also. The salary of Puneet turns out to
be equal to 20% of the balance of the profit left
after his salary was paid. If Puneet finally
received a total of `35,000 after splitting the
remaining profit equally between the two, then
find the total profit made in that year.
QAHO1001904/1
18. How many shares can be purchased for `1,21,000 if
the face value of each share is `100, and they are
available at a premium of 10%?
19. (a) What is the dividend income from a 4% stock
worth `4,00,000?
ADDITIONAL QUESTIONS FOR PRACTICE
Directions for questions 1 to 10: Solve the following questions.
1. (a) If the loss on selling 50 pens is equal to the cost
price of 10 pens, find the loss percent.
(b) If the loss on selling 60 mangoes is equal to the
selling price of 10 mangoes, find the loss
percent.
2. A shopkeeper bought an article for `1,000 and
marked its price as `2,160. He gave three
successive discounts of a%, b%, and c%, where
a + b + c = 60. If he made a profit of x% finally,
which of the following ranges contain all the possible
values of x?
(A) 0 < x < 12
(B) 14 < x < 20
(C) 20 < x < 24
(D) 24 < x < 26
3. If the selling price of 10 oranges is equal to the cost
price of 14 oranges, which, in turn, is equal to
one-third of the discount offered on 10 oranges, find
the profit/loss percentage when the markup
percentage is halved and the discount percentage is
decreased by 5 percentage points.
4. Abdul started a business with `10,000 and
4 months later Basker joined in with `15,000. At the
end of the year, out of the total profit, Abdul received
a total amount of `4,400, which included his salary,
i.e 10% of the profit. What was the amount Basker
received?
5. Arvind sold a pen at a certain price. Had he sold the
pen at two-thirds of the selling price, he would have
incurred a loss of 10%. What was the actual profit
percentage that Arvind made?
6. In a business, the investments of Ram and
Shyam are in the ratio 3 : 2. Ram invests for ten
months while Shyam invests for the entire year.
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(b) Samarth purchased 400 shares of a company
each share having a face value of `30 at a
premium of 25%. If he receives an annual
dividend of `1200, what is the rate of return?
20. Which is a better investment, 6% stock at 108 or 7%
stock at 109?
The annual profit is `8,00,000. If Ram’s salary is
included in his share, the ratio of their shares will be
3 : 2. Find the salary of Ram. (in `) (Assume that
Ram is a working partner)
7. Amar went to a shop to buy a shirt. The amount he
had with him was equal to the list price of one of the
shirts in the shop. As a result of a 30% discount that
he received on the shirt, he was able to buy one
more shirt worth `600 and still save `270. The initial
amount with Amar is _______.
8. Ravi invested a certain amount in a 4% stock
at `120. He invested an equal amount in a 6% stock
at `96. Had Ravi invested the total amount invested
in the two stocks in the 6% stock at `96, he would
have realized `350 more as annual dividend. Find
the total amount invested in the two stocks.
9. At a certain shop, the marked price of a mobile
phone was 60% of that of a TV. A customer
requested for 10% discount on the mobile phone
and 20% discount on the TV. The shopkeeper
accidentally offered 10% discount on the TV and
20% discount on the mobile phone. Find the ratio of
the amount that the customer actually paid and the
amount which the customer ought to have paid. .
10. A total expenditure of `900 was incurred by
a trader in purchasing two varieties of rice. If the
selling price of each variety of rice was `10/kg more
than the cost price, then the profit would be `540.
If the cost price of the first variety is `5 less than the
second one and the quantities purchased are in the
ratio 2 : 1, what is the cost price of the second
variety of rice?
QAHO1001904/2