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XAT Profit and Loss — practice questions — page 3

Explore 80 free Profit and Loss questions in XAT 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 61–80 of 80.

The sale price of the 220 frock after 20% discount is:Read the answer and worked solution →Repair, labour and transport costs added to the cost price are called:Read the answer and worked solution →Sohan buys a fridge for 2,500, spends 500 on repairs and sells it at 3,300. His profit percent is:Read the answer and worked solution →A shopkeeper buys 200 bulbs at 10 each, 5 fuse, and sells the rest at 12. His total selling price is:Read the answer and worked solution →Meenu buys two fans at 1,200 each, sells one at 5% loss and one at 10% profit. Overall she makes a:Read the answer and worked solution →Goods and Services Tax (GST) was introduced in India on:Read the answer and worked solution →Skates cost 450 with 5% sales tax. The bill amount is:Read the answer and worked solution →Waheeda pays 3,300 for an air cooler including 10% VAT. The price before VAT was:Read the answer and worked solution →Salim pays 784 including 12% GST. The price before GST was:Read the answer and worked solution →10,000 is borrowed at 15% per annum simple interest for 2 years. The interest is:Read the answer and worked solution →Heena borrows 20,000 for 2 years at 8% compounded annually. She pays how much more than under simple interest?Read the answer and worked solution →When interest is compounded half yearly, the time period doubles and the rate is:Read the answer and worked solution →Catch the profitable dealsRead the answer and worked solution →Pop the price wordsRead the answer and worked solution →Run the percentage numbersRead the answer and worked solution →Slice the money wordsRead the answer and worked solution →Simple or compound interestRead the answer and worked solution →Sort discount, profit and taxRead the answer and worked solution →Type the numberRead the answer and worked solution →Percentages bingoRead the answer and worked solution →

Worked practice questions

The sale price of the 220 frock after 20% discount is:

  1. 176
  2. 198
  3. 200
  4. 44
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Correct answer: A. 176

1. Subtract the 44 discount from 220. 2. That leaves 176. 3. Or take 80 percent of 220 directly. _Source: syllabus Mathematics, Chapter 8, Comparing Quantities._

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Repair, labour and transport costs added to the cost price are called:

  1. Discount charges
  2. Overhead charges
  3. Marked-up charges
  4. Sales tax charges
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Correct answer: B. Overhead charges

1. They are spent while buying or before selling. 2. These are overhead charges. 3. They form part of the cost price. _Source: syllabus Mathematics, Chapter 8, Comparing Quantities._

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Sohan buys a fridge for 2,500, spends 500 on repairs and sells it at 3,300. His profit percent is:

  1. 12%
  2. 8%
  3. 10%
  4. 32%
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Correct answer: C. 10%

1. Cost price is 2,500 plus 500, which is 3,000. 2. Profit is 300 on 3,000. 3. That is 10 percent. _Source: syllabus Mathematics, Chapter 8, Comparing Quantities._

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