Saturday, August 27, 2016

AMCAT Profit and Loss Questions | AMCAT Quantitative Questions

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AMCAT DETAILS compiled some important questions from the topic of Profit and Loss in Quantitative Section in AMCAT exam. These are important questions and will surely help you all a lot.


Question: An article was sold for Rs. 2770. Had it been sold for Rs. 3000 there would have been an additional gain of 10%. Cost Price of the article is:

(a) 2300
(b) 2400
(c) 2100
(d) None of the above

Answer: (a)

Question: Rakesh buys a scooter worth Rs. 10,000. He sells it to Mohan at a profit of 10%. If after sometime Mohan sells it back to Rakesh at a loss of 10%, then totally:

(a) Rakesh  has gain of 110 rs.
(b) Rakesh has loss of 1110 rs.
(c) Rakesh has gain of 1100 rs.
(d) Rakesh has loss of 1100 rs.

Answer: (c)

Question: The list price of an electric iron is Rs. 300. If two successive discounts of 15% and 10% are allowed, its selling price will be:

(a) 231.5
(b) 229.5
(c) 230.5
(d) 235.5

Answer: (b)

Question: Piyush bought 30 kg of rice at the rate of Rs. 8.50 per kg and 20 kg of rice at the rate of Rs. 9.00 per kg. He mixed the two. At what price (App.) per kg should he sell the mixture in order to get 20% profit?

(a) 10.5
(b) 8.5
(c) 11.5
(d) 10

Answer: (a)

Question: A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225 for it, the cost price of the bicycle for A is

(a) 180
(b) 225
(c) 150
(d) 125

Answer: (c)

Question: A man bought a number of clips at 3 for a rupee and an equal number at 2 for a rupee. At what price per dozen should he sell them to make a profit of 20% ?

(a) 12
(b) 6
(c) 5
(d) 10

Answer: (b)

Question: If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is:

(a) 100
(b) 200
(c) 300
(d) 400

Answer: (b)

Question: (x % of 932) + 30 = 309.6

(a) 30
(b) 35
(c) 25
(c) 20

Answer: (a)


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