(Study Material) Combined Graduate Level Exam - Tier - II : Profit and Loss (MCQ)

Profit and Loss (MCQ )

1. A man buys an article with 20% discount on its marked price. He makes a profit of 10% by selling it at Rs.825. Find its marked price.
(a) Rs.985.25
(b) Rs.937.50
(c) Rs.925.50
(d) Rs.945.25

2. If a commission of 25% is offered on the list price, a person gains 20%. If the commission is increased to 30%, what will be the gain per cent?
(a) 8%
(b) 10%
(c) 12%
(d) 6%

3. An article is listed at Rs.1000 and two successive discounts, one of them being 20% is offered on it. Find the other discount, if its selling price is Rs.720.
(a) 10%
(b) 8%
(c) 12%
(d) 11%

4. A person buys a TV set which is listed at Rs.15000 and gets two successive discounts of 20% and 10%. He spends 5% of this CP on transport. At what price should he sell to get a profit of 15%?
(a) Rs.13252
(b) Rs.13041
(c) Rs.13125
(d) Rs.13345

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