# Profit and Loss – Quiz 5

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# Profit and Loss – Quiz 5

### Introduction

Profit and Loss is one of important topic in Quantitative Aptitude Section. In Profit and Loss – Quiz 5 article candidates can find questions with an answer. By solving this questions candidates can improve and maintain, speed, and accuracy in the exams. Profit and Loss – Quiz 5 questions are very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS SO, RRB, Railways, Civil Services etc.

### Q1

The list price of an article is Rs.65. A customer pays Rs.56.16 for it. He was given two successive discounts, one of them being 10%. The other discount is?
A. 3% B. 4% C. 5% D. 6%

B
65$\times (\frac {90}{100}) \times (\frac {(100 - x)}{100})$ = 56.16
= 4%

### Q2

A single discount equivalent to the discount series of 20%, 10% and 5% is?
A. 25% B. 30% C. 31.6% D. 33.5%

C
100$\times (\frac {80}{100}) \times (\frac {90}{100}) \times (\frac {95}{100})$ = 68.4
100 - 64.4 = 31.6%

### Q3

A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price?
A. 10% B. 11% C. 12% D. 15%

C
Original price = 100
CP = 80
S = $80 \times (\frac {140}{100})$ = 112
100 - 112 = 12%

### Q4

A man sells a horse for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. Find the cost price of the horse?
A. Rs. 900 B. Rs. 875 C. Rs. 850 D. Rs. 860

D
CP = SP + 1CP = SP - g
800 + x = 980 - 2x
3x = 180 $\rightarrow$ x = 60
CP = 800 + 60 = 860

### Q5

By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the selling to price to have been in order to have lost 5 p.c?
A. Rs. 38750 B. Rs. 38000 C. Rs. 40000 D. Rs. 50000

B
CP + $\frac {CP}{8}$ = 45000
CP = 40000
SP = 40000 $\times \frac {95}{100}$ = 38000