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NMAT Profit and Loss — practice questions

Explore 2 free Profit and Loss questions in NMAT Mathematicalability. 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 1–2 of 2.

A shopkeeper marks his goods 30% above cost price and gives 10% discount. What is his profit percent?Read the answer and worked solution →A sold an item to B at 20% profit. B sold it to C at 10% loss. If C paid ₹2160, what was A's cost price?Read the answer and worked solution →

Worked practice questions

A shopkeeper marks his goods 30% above cost price and gives 10% discount. What is his profit percent?

  1. 15%
  2. 20%
  3. 13%
  4. 17%
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Correct answer: D. 17%

1. Let CP = 100. MP = 130. After 10% discount: SP = 130 × 0.9 = 117. 2. Profit = 117 − 100 = 17. Profit% = 17%. 3. Answer: 17%. _Source: TSICET 2024 PYQ Q.81 (Shift 1, Profit and Loss)_

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A sold an item to B at 20% profit. B sold it to C at 10% loss. If C paid ₹2160, what was A's cost price?

  1. ₹1800
  2. ₹2200
  3. ₹2400
  4. ₹2000
Show answer and solution

Correct answer: D. ₹2000

1. Let A's CP = x. A's SP = 1.2x (= B's CP). 2. B's SP = 0.9 · 1.2x = 1.08x = 2160. 3. x = 2160/1.08 = ₹2000. _Source: TSICET 2024 PYQ Q.82 (Shift 1, Profit and Loss)_

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