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QA-03
Percentage - 3
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Installments
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1.

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John borrowed Rs. 2,10,000 from a bank at an interest rate of 10% per annum, compounded annually. The loan
was repaid in two equal instalments, the first after one year and the second after another year. The first instalment
was interest of one year plus part of the principal amount, while the second was the rest of the principal amount
plus due interest thereon. Then each instalment, in Rs., is

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2.

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A cellphone is available for Rs. 39000 cash or Rs. 6000 cash down payment followed by 4 equal monthly

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installments at 24% p.a. compound interest, compounded monthly. Find the value of each installment.

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(1) 12000
(2) 15320
(3) 9640
(4) None
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Profit, Loss and Discount
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3.

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Rehman buys a few apples at 15 for a rupee and the same number of apples at 20 for a rupee. He mixes the two
lots and sells them at 35 for 2 rupees. What is his gain or loss percentage?

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(1) 3.62% loss
(2) 2.04% profit
(3) No profit, no loss
(4) 2.04% loss
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4.

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Two horses were sold for Rs. 12,000 each, one at a loss of 20% and the other at a gain of 20%. The entire
transaction resulted in

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(1) no loss no gain
(2) loss of Rs. 1,000
(3) gain of Rs. 1,000
(4) None of these
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5.

buy originally? [Assume the face value of shares as Rs. 100.]

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A man buys shares at a discount of Rs. x. Later he sold all but 10 of the shares he purchased at a premium of
Rs. x. If his investment was Rs. 4,500 and proceeds from the sale were Rs. 6,250, then how many shares did he

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6.

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The Santabil shop offers that get a T-shirt free on the purchase of every three T-shirts. But they mark-up the price

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of the T-shirts by 60%. If a customer buys three T-shirts, then what is the profit or loss percentage for the store?

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7.

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If cost price of 4 articles is equal to selling price of 5 articles, then find the profit/loss percentage.
(1) 20% loss

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(2) 25% profit
(3) 25% loss

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(4) None of these

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8.

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A man sells an article at a profit of 20%. If he had bought it at 20% less and sold it for Rs. 5 less, he would have
gained 25%. Find the cost price (in Rs.) of the article.

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9.

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The cost of manufacturing a commodity increased by 20%. A trader who did not revise the selling price noted that
there was a drop of Rs.20 in his profit. What was the original cost price (in Rs.)?

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10. The aggregate cost of 2 apples, 3 mangoes and 4 oranges is Rs. 6 more than the aggregate cost 1 apple,
2 mangoes and 2 oranges, and the aggregate cost of 1 apple, 2 mangoes and 1 orange is Rs. 8 less than the
aggregate cost of 3 apples, 3 mangoes and 5 oranges. If the aggregate list price of 3 apples, 1 mango and

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6 oranges is Rs. 12, then find how much percent discount one should give on the sale of 3 apples, 1 mango and
6 oranges such that there is a net profit of 5%?

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(1) 10%
(2) 7.5%
(3) 15%

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(4) 12.5%

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amount paid by retailer of that television set?

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11. A television set listed at Rs. 3,200 is sold to a retailer at sucessive discounts of 25% and 15%. What is the final

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(1) Rs. 2,700
(2) Rs. 2,040
(3) Rs. 2,584
(4) None of these
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12. Given that the cost price of 10 oranges is equal to the cost price of 1 kg of apples and the cost price of 12 apples is
equal to the cost price of 1 kg of oranges. If the selling price of 15 oranges is equal to the selling price of 1 kg of
apples, then the selling price of 1 kg of oranges is equal to selling price of (Assume that all the apples are identical
and this holds true for the oranges as well.)
(1) 8 apples

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(2) 9 apples
(3) 10 apples
(4) 12 apples
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the whole. How much is sold at 17% profit?

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13. A merchant has 100 kg of sugar, a part of which he sells at 7% profit and the rest at 17% profit. He gains 10% on

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(1) 70 kg
(2) 50 kg
(3) 35 kg
(4) 30 kg
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14. A trader marked the price of his goods 20% more than that of the cost price. He then sells 1/4 of his stock at a
discount of 10%, and half of the stock at the marked price, and the rest at a discount of 25%. Find his gain
percentage.
(1) 18%

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(2) 9.5%
(3) 12%

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(4) 2.25%

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price. What is the maximum discount that he can offer to his customer?

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15. A retail bookseller buys books at 58% of the list price. He expects to earn a minimum of 20% net profit on his selling

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(1) 31.6%
(2) 25.5%
(3) 27.5%
(4) 30%
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16. Mr Alphonso buys 2 lots of mangoes. The first lot costs him Rs. 30 per dozen and the second lot Rs. 50 per dozen.
He sold all the mangoes at Rs. 40 per dozen. Find his profit or loss percentage if he spent the same amount of
money on each of the lots.
(1) 6.66% loss

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(2) 6.67% profit
(3) 5% profit

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(4) 5% loss

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17. If a shopkeeper offers a discount of 20% on the list price of a washing machine, then he makes a profit of 12%.
What is the percentage profit or loss, if he sells at a discount of 25% on the list price?

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(1) 0.6% loss
(2) 0.5% profit
(3) 4.25% loss
(4) 5% profit
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percentage?

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18. By selling 6 dozen oranges, a person incures a loss which is equal to selling price of 1 dozen oranges. Find his loss

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(1) 14.28% loss
(2) 12.25% loss
(3) 16.66% loss
(4) 14.66% loss
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19. A merchant uses a weight of 0.85 Kg in place of 1 Kg to sell potatoes. Let his actual % profit or loss to be ‘m’ when
he pretends to sell his articles at 5% loss and ‘n’ when he pretends to sell his articles at 5% gain. Find the value of
(m + n).

(1)
400

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17
500
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600

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(3)
17
800
(4)
17

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20. A shopkeeper sold two items at the same selling price. He made a loss on one item and made a profit on the other.
The profit and loss percentage on the two items are 10 % and 20 %, not necessarily in that order. Find the net profit
percentage for the shopkeeper given that he made a profit in the entire transaction.
(1) 3%

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(2) 3.16%
(3) 3.56%

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(4) 2.86%

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21. The different heads on which expenditure incurred in manufacturing a product, are material, man power and
overheads cost. These costs are in the ratio 9 : 5 : 11 respectively. If the profit made on the product is 20% of the
total cost, what is the ratio of the man power cost to profit?
(1) 3 : 5

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(2) 1 : 1
(3) 1 : 7

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(4) 7 : 11

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22. A book was sold for a certain sum and there was a loss of 20%. Had it been sold for Rs. 3 more, then there would
have been a profit of 30%. If it was sold for Rs. 6.60, then the profit/loss percentage would have been

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(1) Profit 10%
(2) Profit 8.33%
(3) Loss 8.33%
(4) Loss 10%
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(1) 25% loss

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23. The spring balance of a trader weighed 800 g for 1 kg. What is the net result, if he claims to sell at cost price?

(2) 25% profit

(3) 20% loss

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(4) 20% profit

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24. A machine produces articles at the rate of 50 units per hour. The articles are sold for Rs. 100 each and the cost of
production is Rs. 40 each. However, 20% of the articles have some defect and thus cannot be sold. The production
rate of machine can be increased, but every increase of x units per hour would increase the production cost by 2x%
and the number of defectives would become (20 + 1.5x)%.

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What is the maximum increase in production that can be undertaken without incurring losses?
(1) 14 units
(2) 15 units
(3) 16 units
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(4) 17 units

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25. On giving 3 pencils free with every 5 pens bought, a shopkeeper makes a profit of 20% and on giving 6 pencils free
with every 2 pens bought, he suffers a loss of 25%. Find the approximate profit percent made by the shopkeeper
when he gives 4 pencils free with every 6 pens bought. (Assume that the pencils are identical and the same applies
to the pens.)
(1) 18%

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(2) 20%
(3) 24%
(4) 16%
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26. A company had been selling its pianos at a discount of 20% on the marked price of Rs. 325. To increase its sales, it
decided to allow an additional discount so that a piano could be sold for Rs. 234. What was the second discount
allowed?
(1) 7%

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(2) 8%
(3) 9%

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(4) 10%

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27. A shopkeeper marks an item for sale at Rs. 850 and then gives a discount of 20% on it. The item cost the
shopkeeper Rs. 500 when he purchased the same from the wholesale. What is the profit (in percentage) earned by
the shopkeeper?

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28. I bought 5 pens, 7 pencils and 4 erasers. Rajan bought 6 pens, 8 erasers and 14 pencils f or an amount which was
50% more than what I had paid. What percentage of the total amount spent by me was spent on the pens?

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(1) 37.5%
(2) 56.5%
(3) 50%
(4) 62.5%
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29. A shopkeeper goes to the wholesale market to buy his merchandise. The wholesaler has a weighing balance that
reads 1,100 g for a kilogram. The shopkeeper sells the entire purchase to a customer after marking up his by 10%.
What is his net profit or loss percentage?
(1) 20% profit

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(2) 1.09% profit
(3) 1.09% loss

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(4) No profit, no loss

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30. A dishonest dealer claims to sell a product at its cost price. He uses a counterfeit weight which is 20% less than the
real weight. Further greed overtakes him and he adds 20% impurities to the product. Find the net profit percentage
of the dealer?
(1) 44%

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(2) 40%
(3) 50%

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(4) 56.25%

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Thanks!
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