Previous Year Questions: Profit, Loss & Discount

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CAT
Previous Year Questions
ON
PROFIT, LOSS & DISCOUNT
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1. A person spent Rs 50000 to purchase a desktop computer and a laptop computer. He
sold the desktop at 20% profit and the laptop at 10% loss. If overall he made a 2% profit
then the purchase price, in rupees, of the desktop is [CAT-2020-Slot 1]
Click on the link to watch the video solution :- https://youtu.be/vfmvBIuMJU0?t=514
2. Anil buys 12 toys and labels each with the same selling price. He sells 8 toys initially at
20% discount on the labeled price. Then he sells the remaining 4 toys at an additional
25% discount on the discounted price. Thus, he gets a total of Rs 2112, and makes a 10%
profit. With no discounts, his percentage of profit would have been [CAT-2020-Slot 2]
A) 50
B) 60
C) 54
D) 55
Click on the link to watch the video solution :- https://youtu.be/eGvGGNPtrJ8?t=810
3. A man buys 35 kg of sugar and sets a marked price in order to make a 20% profit. He
sells 5 kg at this price, and 15 kg at a 10% discount. Accidentally, 3 kg of sugar is wasted.
He sells the remaining sugar by raising the marked price by ‘p’ percent so as to make an
overall profit of 15%. Then ‘p’ is nearest to? [CAT-2020]
(A) 25
(B) 22
(C) 31
(D) 35
Click on the link to watch the video solution :- https://youtu.be/-Muk1Zpn_kk?t=1323
Click here to join our Telegram channel for exam material and more updates.
4. A shopkeeper sells two tables, each procured at cost price p, to Amal and Asim at a
profit of 20% and at a loss of 20%, respectively. Amal sells his table to Bimal at a profit of
30%, while Asim sells his table to Barun at a loss of 30%. If the amounts paid by Bimal and
Barun are x and y, respectively, then (x -y) / p equals
[CAT-2019 ]
a) 1
b) 1.2
c) 0.7
d) 0.50
Click on the link to watch the video solution :- https://youtu.be/1JH4RR_1Ouc?t=283
5. Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a
profit of 25% and the remaining four at a loss of 25%. If he made a total profit of Rs.
2000, then his purchase price of a bicycle, in Rupees, was
[CAT-2019]
a) 2000
b) 6000
c) 8000
d) 4000
6. On selling a pen at 5% loss and a book at 15% gain, Karim gains Rs. 7. If he sells the pen
at 5% gain and the book at 10% gain, he gains Rs. 13. What is the cost price of the book in
Rupees? [CAT 2019]
a) 80
b) 85
c) 100
d) 95
7. Mayank buys some candies for Rs 15 a dozen and an equal number of different candies
for Rs 12 a dozen. He sells all for Rs 16.50 a dozen and makes a profit of Rs 150. How
many dozens of candies did he buy altogether? [CAT-2017]
a) 50
b) 30
c) 25
d) 45
8. The manufacturer of a table sells it to a wholesale dealer at a profit of 10%. The

wholesale dealer sells the table to a retailer at a profit of 30%. Finally, the retailer sells it
to a customer at a profit of 50%. If the customer pays Rs 4290 for the table, then its
manufacturing cost (in Rs) is [CAT-2017]
a) 1500
b) 2000
c) 2500
d) 3000
9. If Fatima sells 60 identical toys at a 40% discount on the printed price, then she makes
20% profit. Ten of these toys are destroyed in fire. While selling the rest, how much
discount should be given on the printed price so that she can make the same amount of
profit? [CAT-2017]
a) 30%
b) 25%
c) 24%
d) 28%
10. In a market, the price of medium quality mangoes is half that of good mangoes. A
shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the
market and then sells all these at a common price which is 10% less than the price at
which he bought the good ones. His overall profit is: [CAT-2017]
a) 6%
b) 8%
c) 10%
d) 12%
11. If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which
of the following ensures that she makes a profit of 20%? [CAT-2017]
a) Give a discount of 5% on retail price
b) Give a discount of 2% on retail price
c) Increase the retail price by 2%
d) Sell at retail price
12. The percentage profit earned by selling an article at Rs.1,920 is equal to the
percentage loss incurred by selling the same article at Rs.1,280. At what price (in Rs.)
should the article be sold to make a profit of 25%? [TITA]
[CAT 2016]
Click on the link to watch the video solution :- https://youtu.be/m3-vKBfitbM?t=1414
13. A trader used to make 5% profit on an item by selling it at the usual marked price.
One day, he tripled the marked price of the item and finally offered a discount of 30%.
Find the percentage profit he made on the item that day. [CAT-2014]
(a) 120.5%
(b) 100%
(c) 94.5%
(d) None of these
14. A shopkeeper sold 10 items, all of which are of the same cost price, such that profit
percentage on no two item is the same. The profits made on the given items were in an
arithmetic progression. If the profit percentage of the item the selling price of which is
4th highest and the item the selling price of which is 7th highest were 13 % and 10 %
respectively, find the profit percentage on the whole. [CAT-2015]
(a) 11.5%
(b) 12%
(c) 12.5%
(d) Data insufficient
ANSWER KEY
1. 20000
2. A
3. A
4. A
5. D
6. A
7. A
8. B
9. D
10. B
11. D
12. 2000
13. A
14. A
Important Playlist Links for CAT & OMETs Aspirants.
• CAT Previous Year Questions Topic Wise

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• CAT Arithmetic Previous Year Questions (Last 10 Years)

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EaOecl1XmZ4J_xb
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• Complete SNAP Previous Year Questions Topic Wise

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UK17jit-9xY-s8uF
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MBA PATHSHALA WITH UDIT SAINI

For CAT, XAT, NMAT, GMAT, SNAP, IIFT, MAHCET and

PROFIT, LOSS & DISCOUNT

8. The manufacturer of a table sells it to a wholesale dealer at a profit of 10%. The

Important Playlist Links for CAT & OMETs Aspirants.

• CAT Previous Year Questions Topic Wise

• CAT Arithmetic Previous Year Questions (Last 10 Years)

• CAT Algebra Previous Year Questions (Last 10 Years)

• CAT Geometry Previous Year Questions (Last 10 Years)

• Complete SNAP Previous Year Questions Topic Wise

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