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Sample questions for Placement Papers – Latest Pattern Question 2 A retailer buys 40 pens at a marked price of 36 pens from a wholesa...

TCS NQT Aptitude Practice Questions - Profit And Loss 3


Sample questions for Placement Papers – Latest Pattern Question 2
A retailer buys 40 pens at a marked price of 36 pens from a wholesaler. If he sells these pens giving a discount of 1%, what is his profit percent?
a)12 %         b)10%                    c) 15 %    d). 16 %
Answer: B
Explanation:
  Let the marked price of each pen be Re. 1.
  Then, C.P. of 40 pens = Rs. 36.
      After offering 1% discount on marked price , S.P. of 40 pens = 99% of Rs. 40
                                                                                         = Rs. 39.60.
               Profit = SP –CP = RS 39.6- 36 = 3.6

                        => Profit% = [$\frac{3.6}{36}$ * 100]%

                                         = 10%.


Sample questions for Placement Papers – Latest Pattern Question 2
A person brought two clocks. the cost price of one of them exceeds the cost of the other by 1/4th. He sold the dearer one at a gain of 10% ,on the other at a gain of 7.5% and thus got Rs 98 in all as S.P. Find the cost Price of the cheaper one.
a) Rs 30                  b)Rs 35                   c)Rs 40                   d)Rs 50
Answer C
Explanation: Let CP of cheaper clock be C
                   The cost price of dearer one exceeds the cost of the cheaper one by 1/4th.
Then cost price of dearer becomes 5C/4
                    Cheaper once C sold at 7.5% profit and Dearer one sold at 10% gain
                                      Total SP of two clocks = Rs 98
                                      =>C X $\frac{107.5}{100}$   + $\frac{5C}{4}$ X $\frac{110}{100}$ = 98
                                      => 430 C + 550 C = 98 x 400
                                      =>  C=40
             Cost price of the cheaper one = Rs 400