QUANTITATIVE ABILITY HANDOUT

(Percentages, Profit and Loss – II)

1. What should come in the place of the following blanks? (b) If the profit on selling 20 chairs is equal to the
cost price of 4 chairs, find the profit percent.
Profit
C. P S.P Profit/loss
percentage (c) If the profit made by a trader on selling 20 m of
(a) `400 20% cloth is equal to the selling price of 5 m of cloth,
(b) `600 25% find his profit percent.
(c) `300 20%
11. A dishonest merchant weighs 100 gm less for every
2. (a) The cost price of two articles is the same. If kilo gram of sugar that he sells.
one item is sold at 10% profit and the other (a) Find his gain percentage if the merchant’s
at 10% loss, what is the profit or loss percent on selling price is the same as his cost price.
the whole?
(b) Find his overall gain percentage, if his selling
(b) Two articles were sold at the same price. On
price is 20% more than his cost price.
one article a loss of 10% was incurred and on
the other, a profit of 10% was made. What is
12. A trader marks his washing machine 30% above the
the profit or loss percent made on the whole?
cost price and offers a discount. Find the discount
3. Two articles were bought at the same price. One percentage if the trader makes a net profit of 17%.
was sold at 20% profit and the other was sold at
13. Two successive discounts of 20% each are
10% loss. What is the profit or loss percent made on
equivalent to a single discount of how much
the whole?
percentage?
4. Purab purchased a certain number of articles at the 14. If the discount on an article is increased from 20% to
rate of 15 for `5300 and sold all of them at the rate 35%, the money realized from the sale decreases by
of 20 for `8480. Find the profit percentage of Purab `27. What is the marked price of the article?
in the transaction.
15. Amogh and Bhargav started a business by investing
5. Ashok incurred a loss of 15% by selling 80 apples `8,00,000 and `7,00,000 respectively. After one
for `2,040. How many apples must he sell for year, they made a profit of `45,000.
`2340 to make a 30% gain?
(a) Find the ratio of the shares of Amogh and Bhargav
6. A merchant sold a cycle at a loss of 20%. Instead, if in the profit.
he had sold it for `450 more, he would have made (b) Find the respective shares of Amogh and
10% profit. What is his cost price? Bhargav in the profit.
7. Mohan purchased a certain quantity of rice. If he 16. A started a business with `3,00,000. After two
sold one-third of the rice at a profit of 20%, find the months B joined him with `2,00,000. A left after
profit percent he needs to make on the remaining 6 months whereas B stayed on till the end of the
rice to make an overall profit of 25%. year. Find the ratio of their shares in the year-end
profit.
8. Anand sells an article to Bhavya at 25% profit, and
Bhavya sells it to Chetan at 20% profit. 17. (a) Subodh and Gyan started a business with
(a) By what percent is Chetan’s cost price more capitals of `6,00,000 and `7,20,000 respectively
than Anand’s? Subodh manages the business and gets a
(b) If Anand purchased it for `600, how much did it salary of `20,000 per month. If at the end of the
cost Chetan? year they make a profit of `5,70,000, what are
(c) If Chetan bought it for `1,200, at what price did Subodh's earnings at the end of the year?
Anand buy it?
(b) Puneet and Akshay run a business in a certain
9. A salesman calculated his profit percentage by mistake year. As puneet is a working partner, he is paid
on his selling price and says it is 20%. What is the a salary also. The salary of Puneet turns out to
actual profit percentage? be equal to 20% of the balance of the profit left
after his salary was paid. If Puneet finally
10. (a) If the selling price of 12 oranges sold by a trader is received a total of `35,000 after splitting the
equal to the cost price of 15 oranges, then find remaining profit equally between the two, then
his profit or loss percent. find the total profit made in that year.
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18. How many shares can be purchased for `1,21,000 if (b) Samarth purchased 400 shares of a company
the face value of each share is `100, and they are each share having a face value of `30 at a
available at a premium of 10%? premium of 25%. If he receives an annual
dividend of `1200, what is the rate of return?
19. (a) What is the dividend income from a 4% stock 20. Which is a better investment, 6% stock at 108 or 7%
worth `4,00,000? stock at 109?

ADDITIONAL QUESTIONS FOR PRACTICE

1. (a) If the loss on selling 50 pens is equal to the cost The annual profit is `8,00,000. If Ram’s salary is
price of 10 pens, find the loss percent. included in his share, the ratio of their shares will be
3 : 2. Find the salary of Ram. (in `) (Assume that
(b) If the loss on selling 60 mangoes is equal to the Ram is a working partner)
selling price of 10 mangoes, find the loss
percent. 7. Amar went to a shop to buy a shirt. The amount he
had with him was equal to the list price of one of the
2. A shopkeeper bought an article for `1,000 and shirts in the shop. As a result of a 30% discount that
marked its price as `2,160. He gave three he received on the shirt, he was able to buy one
successive discounts of a%, b%, and c%, where more shirt worth `600 and still save `270. The initial
a + b + c = 60. If he made a profit of x% finally, amount with Amar is _______.
which of the following ranges contain all the possible
values of x? 8. Ravi invested a certain amount in a 4% stock
(A) 0 < x < 12 at `120. He invested an equal amount in a 6% stock
(B) 14 < x < 20 at `96. Had Ravi invested the total amount invested
(C) 20 < x < 24 in the two stocks in the 6% stock at `96, he would
(D) 24 < x < 26 have realized `350 more as annual dividend. Find
the total amount invested in the two stocks.
3. If the selling price of 10 oranges is equal to the cost
price of 14 oranges, which, in turn, is equal to 9. At a certain shop, the marked price of a mobile
one-third of the discount offered on 10 oranges, find phone was 60% of that of a TV. A customer
the profit/loss percentage when the markup requested for 10% discount on the mobile phone
percentage is halved and the discount percentage is and 20% discount on the TV. The shopkeeper
decreased by 5 percentage points. accidentally offered 10% discount on the TV and
20% discount on the mobile phone. Find the ratio of
4. Abdul started a business with `10,000 and the amount that the customer actually paid and the
4 months later Basker joined in with `15,000. At the amount which the customer ought to have paid. .
end of the year, out of the total profit, Abdul received
a total amount of `4,400, which included his salary, 10. A total expenditure of `900 was incurred by
i.e 10% of the profit. What was the amount Basker a trader in purchasing two varieties of rice. If the
received? selling price of each variety of rice was `10/kg more
than the cost price, then the profit would be `540.
5. Arvind sold a pen at a certain price. Had he sold the If the cost price of the first variety is `5 less than the
pen at two-thirds of the selling price, he would have second one and the quantities purchased are in the
incurred a loss of 10%. What was the actual profit ratio 2 : 1, what is the cost price of the second
percentage that Arvind made? variety of rice?
6. In a business, the investments of Ram and
Shyam are in the ratio 3 : 2. Ram invests for ten
months while Shyam invests for the entire year.

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