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CAT Profit and Loss — practice questions

Explore 39 free Profit and Loss questions in CAT Quantitative Aptitude. Open each question or exercise to read its content, reference answers and available explanation.

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Profit and Loss questions and exercises with answers

Showing questions 1–30 of 39.

A discount is a reduction given on which price of an article?Read the answer and worked solution →An item marked at 840 is sold for 714. The discount per cent is:Read the answer and worked solution →A frock is listed at 220 and a discount of 20% is announced. Its sale price is:Read the answer and worked solution →A table marked at 15,000 is available for 14,400. The discount per cent is:Read the answer and worked solution →An almirah is sold for 5,225 after a discount of 5%. Its marked price was:Read the answer and worked solution →An article bought for 400 is sold for 500. The profit per cent is:Read the answer and worked solution →A shopkeeper marks goods 25% above cost and then allows a 20% discount. His overall result is:Read the answer and worked solution →An item is sold for 15,000 at a loss of 20%. Its cost price was:Read the answer and worked solution →A shop offers a 20% discount. The sale price of a bag marked at 250 is:Read the answer and worked solution →In a percent problem, the word of tells you to:Read the answer and worked solution →Written as a decimal, 4.5% is:Read the answer and worked solution →To find a percent increase, first find the amount of increase, which is:Read the answer and worked solution →Community college fees rose from $26 a unit to $36 a unit. The amount of increase is:Read the answer and worked solution →A gallon of gas fell from $3.71 in June to $3.64 in July. The amount of decrease is:Read the answer and worked solution →Money a customer puts into a bank is called the:Read the answer and worked solution →Interest found from I equals P times r times t is called:Read the answer and worked solution →Nathaly deposits $12,500 at 4% simple interest. In 5 years she earns:Read the answer and worked solution →Loren lent his brother $3,000 and got back $660 in interest after 4 years. The rate was:Read the answer and worked solution →Eduardo paid $6,596.25 in interest at 7.5% over 5 years. He borrowed:Read the answer and worked solution →A sale price should always be:Read the answer and worked solution →Elise buys a dress discounted 35% off an original price of $140. The discount is:Read the answer and worked solution →After a $49 discount on a $140 dress, the sale price is:Read the answer and worked solution →Jeannette buys a $31 swimsuit at a sale price of $13.95. The amount of discount is:Read the answer and worked solution →With a $17.05 discount on a $31 swimsuit, the discount rate is:Read the answer and worked solution →The price a retailer pays for an item is called the:Read the answer and worked solution →The list price should always be:Read the answer and worked solution →Adam buys a photograph at $250 and marks it up 40%. The mark-up is:Read the answer and worked solution →With a $100 mark-up on a $250 photograph, the list price is:Read the answer and worked solution →Jim's music store buys a guitar at $1,200 and marks it up 50%. The mark-up is:Read the answer and worked solution →Sergio buys a belt discounted 40% from an original price of $29. The discount is:Read the answer and worked solution →

Worked practice questions

A discount is a reduction given on which price of an article?

  1. The cost price
  2. The marked price
  3. The sale price
  4. The wholesale price
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Correct answer: B. The marked price

1. A shop shows a price on the tag, which is the marked price or list price. 2. Discount is a reduction given on the marked price of the article. 3. It is offered to attract customers or to promote sales. 4. Subtracting the sale price from the marked price gives the discount. 5. The cost price is what the seller paid, and it is not what the discount is measured against. _Source: syllabus Maths, Ch 7 'Comparing Quantities', S7.2 Finding Discounts_

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An item marked at 840 is sold for 714. The discount per cent is:

  1. 12%
  2. 18%
  3. 15%
  4. 20%
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Correct answer: C. 15%

1. The discount in rupees is marked price minus sale price. 2. That is 840 - 714 = 126. 3. Discount per cent is always taken on the marked price as the base. 4. So it is 126 / 840 x 100. 5. That gives 15 per cent. Dividing by the sale price instead would wrongly give about 17.6 per cent. _Source: syllabus Maths, Ch 7 'Comparing Quantities', S7.2 Finding Discounts_

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A frock is listed at 220 and a discount of 20% is announced. Its sale price is:

  1. 44
  2. 180
  3. 200
  4. 176
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Correct answer: D. 176

1. The list price is the same as the marked price, so the base is 220. 2. A discount of 20 per cent means 20 off every 100. 3. The discount is therefore 20 / 100 x 220 = 44. 4. The sale price is 220 - 44 = 176. 5. Answering 44 gives the discount rather than the price actually paid. _Source: syllabus Maths, Ch 7 'Comparing Quantities', S7.2 Finding Discounts_

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More Quantitative Aptitude topics

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