Percentage - 3

Contents
• Installments
• Profit, Loss and Discount QA - 03
• Faulty weights CEX-Q-0204/19

Number of questions : 30

Installments Profit, Loss and Discount

1. A man borrows Rs 6000 at 5% interest, on 4. Laloo buys two cows for Rs. 3000 each. He
reducing balance, at the start of the year. If sells one at a profit of 10% and the other at a
he repays Rs 1200 at the end of each year, loss of 10%. What is his profit/loss
find the amount of loan outstanding, in Rs. at percentage?
the beginning of the third year. (XAT 2012) (1) 1% profit (2) 1% loss
(1) 3162.75 (2) 4125.00 (3) 10% profit (4) No profit, no loss
(3) 4155.00 (4) 5100.00
5. Laloo sold two cows for Rs. 3000 each. He
2. A cellphone is available for Rs. 39000 cash sells one at a profit of 10% and the other at a
or Rs. 6000 cash down payment followed by loss of 10%. What is his profit/loss
4 equal monthly installments at 24% p.a. percentage?
compound interest, compounded monthly. (1) 1% profit (2) 1% loss
Find the value of each installment. (3) 10% profit (4) No profit, no loss
(1) 12000 (2) 15320
(3) 9640 (4) None 6. A dealer sells a set of furniture for Rs.900,
which is 80% more than the price he paid for
3. A person borrowed some money at 16% p.a. it. At what price must he sell the same set to
compound interest, compounded quarterly. He earn a profit of 120%?
paid Rs. 17576 every time to pay back whole (1) Rs.1,000 (2) Rs.1,100 (3) Rs.1,200
amount after 3 months, 6 months and 9 (4) Rs.1,250 (5) Rs.1,150
months. Find the initial amount (in Rs.).
(1) 48775 (2) 52725 7. A man sold two articles such that selling price
(3) 49625 (4) 45925 of first is twice the selling price of the second
article. The profit made on the first article is
20% and the loss on the second article is
10%. Find the overall profit or loss percent.

QA - 03 Page 1
8. By selling 9 items, a loss of selling price of 3 13. The cost price of a commodity is Rs.1,331.
items is incurred. What is the percentage loss By selling it at a discount of Rs.100, the dealer
incurred in the transaction? makes a profit of 9.09%. If he decides not to
(1) 33.3% (2) 25% give any discount, what will be the profit earned
(3) 16.66% (4) 14.28% by him?
(1) Rs.131 (2) Rs.121 (3) Rs.221
9. A trader sells his goods and makes a profit of (4) Rs.231 (5) Rs.251
5%. His cost price increases by 20% and as
a result he increases his selling price also by 14. The cost price of 20 kg oil is Rs. 1250. Under
20%. What profit percentage does he earn? adverse circumstances, shopkeeper has to
(1) 5% (2) 5.5% (3) 6% sell it at a loss which is equal to selling price
(4) 6.5% (5) 4.5% of 5 kg of oil. What is the selling price of oil
per kg?
10. Mr Alphonso buys 2 lots of mangoes. The
first lot costs him Rs.30 per dozen and the 15. By selling toffees at 56 a rupee, a vendor loses
second lot Rs.50 per dozen. He sold all 30%. How many toffees for a rupee should
mangoes at Rs.40 per dozen. Find his profit he sell in order to gain 40%?
or loss percentage if he spent the same (1) 16 (2) 24 (3) 28
amount of money on each of the lots. (4) 30 (5) None of these
2 2
(1) 6 % loss (2) 6 % profit 16. The cost of manufacturing a commodity
3 3
increased by 20%. A trader who did not revise
(3) 5% profit (4) 5% loss
the selling price noted that there was a drop
(5) None of these
of Rs.20 in his profit. What was the original
cost price?
11. A man buys oranges at the rate of Rs.2 for 6
(1) Rs.100 (2) Rs.200 (3) Rs.500
and sells the whole lot at the rate of Rs.3 for
(4) Rs.150 (5) None of these
7. In this process, he gained Rs.20. How
many oranges did he purchase?
17. Rohan sold a rifle and a pistol for Rs.564,
(1) 420 (2) 210 (3) 360
thereby making a profit of 25% on the rifle
(4) 250 (5) None of these
and a profit of 20% on the pistol. By selling
the rifle and the pistol for Rs.563, the profit
12. Rehman buys a few apples @ 15 apples for a
would be 20% on the rifle and 25% on the
rupee and the same number of apples at 20 a
pistol. Find the ratio of difference and the sum
rupee. He mixes the two lots and sells them
of the cost prices of the rifle and the pistol.
at 35 for 2 rupees. What is his gain or loss
percentage? 1 1 1
(1) 3.62% loss (2) 2.04% profit (1) (2) (3)
11 19 23
(3) 3.62% profit (4) None of these
1
(4) (5) None of these
25

Page 2 QA - 03
18. Despite allowing a discount of 11.11%, a 22. A merchant uses a weight of 0.85 Kg in place
trader makes a gain of 14.28%. By what of 1 Kg to sell potatoes. Let his actual %
percentage above the cost price does he mark profit or loss to be ‘m’ when he pretends to
his goods? sell his articles at 5% loss and ‘n’ when he
(1) 28.57% (2) 35% (3) 22.22% pretends to sells his articles at 5% gain. Find
(4) 25.18% (5) 31.22% the value of (m + n).

400 500 600

19. John goes to Archies gallery to purchase a (1) (2) (3)
17 17 17
gift for his girlfriend Bipasha for Valentine’s
Day. John has the privilege of buying the gifts 800 700
at a 24% discount on the listed price. Bipasha (4) (5)
17 17
ditches John on Valentine’s Day, so he
decides to sell the purchased gift to someone
23. A shopkeeper goes to the wholesale market
else. Suppose he wants to make a profit of
to buy his merchandise. The wholesaler has
25% after allowing a discount of 20%, by what
a weighing balance that reads 1,100 g for a
percent should his marked price be greater
kilogram. The shopkeeper sells the entire
than the original listed price?
purchase to a customer after marking up his
(1) 17% (2) 17.75% (3) 18.75%
price by 10%. What is his net profit or loss
(4) 19% (5) 19.75%
percentage?
(1) 20% profit (2) 1.09% profit
Faulty weights
(3) 1.09% loss (4) No profit, no loss

20. The spring balance of a trader shows 1 kg for

Challenging
900 g. Find the profit or loss percentage if the
trader marks up the price by 10%.
24. Pawan retires at the age of 60 years and his
(1) 20% profit (2) 22.22% loss
employers give him a pension of Rs. 3600/- a
(3) 22.22% profit (4) 20% loss
year paid in half yearly installments for the
(5) None of these
rest of his life. Assuming life expectancy in
India is 70 years and interest is 6% per annum
21. A dishonest dealer mixes 1 kg of sand with 5
payable half yearly, determine the present
kg of rice and sells the entire mixture at a
value of the pension.
price 25% more than the cost price of rice.
[Given, (103)-20 = 0.55362]. (IIFT 2008-10)
What is his net profit percentage in this
(1) 26,728.50 (2) 27,782.80
transaction?
(3) 26,744.40 (4) 26,782.80
[Assume that sand comes free of cost]
(1) 25% (2) 45% (3) 50%
(4) 55% (5) None of these

QA - 03 Page 3
25. 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 total discount offered
on 70 oranges, then find the profit/loss
percentage when orange is sold at the
discount percentage which is decreased by
5 percentage points.
(1) 12.5 % profit (2) 50% profit
(3) 7.5 % loss (4) 10% loss
26. The aggregate cost of 2 apples, 3 mangoes
and 4 oranges is Rs.6 more than the aggregate
cost of 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 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%?
(1) 10% (2) 7.5% (3) 15%
(4) 12.5% (5) 20%
27. Rohit wishes to donate some amount of
money to three charitable organizations viz.
A, B and C such that the amount donated by
him to C is equal to the total amount donated
by him to A and B. If Rohit donates Rs. ‘x’ to
C and Rs. ‘y’ to A, then the amount donated
to B will be less than 20% of ‘y’ and if he
donates Rs. (x + 1) to C and Rs. ‘y’ to A,
then the amount donated to B will be more
than 25% of ‘y’. ‘x’ is a positive integer. Which
of the following can be a possible value of ‘y’?
(1) Rs.19.18 (2) Rs.20.12 (3) Rs.20.54
(4) Rs.22.22 (5) None of these
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Page 4
28. Mr. Chaalu while buying clothes uses a faulty
meter tape which actually measures 110 cm
for a meter and while selling them he uses
another faulty meter tape which actually
measures 90 cm for a meter. If he buys the
cloth at a discount of 5% on the marked price
and sells it at a discount of 10% on the same
marked price, then what is his percentage
gain or loss?
(1) 15.8% profit (2) 4.21% loss
(3) 5% loss (4) 25% profit
(5) None of these
29. A trader marks up the cost price of his
commodities by 10%, and while selling them
uses a faulty balance that shows a weight of
1100 gm as 1 kg. Furthermore, he offers a
discount of 10% to all his customers. To a
loyal customer, he gives a further discount of
5%. If he sells commodities to 20 loyal and
10 non-loyal customers in a day, find his
overall profit/loss percentage for the day
approximately.
(1) 13% Profit (2) 13% Loss (3) 9% Profit
(4) 9% Loss (5) None of these
30. A salesman sells two kinds of trousers: cotton
and woollen. A pair of cotton trousers is sold
at 30% profit and a pair of woollen trousers is
sold at 50% profit. The salesman has
calculated that if he sells 100% more woollen
trousers than cotton trousers, his overall profit
will be 45%. However he ends up selling 50%
more cotton trousers than woolen trousers.
What will be his overall profit? (XAT 09)
(1) 37.5% (2) 40%
(3) 41% (4) 42.33%
(5) None of the above.
QA - 03