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GATE 2022: General Aptitude: Profit Loss Discount
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Question 1
The marked price of an article is 40% more than its cost price. If 15% discount is given on the marked price, then what will be the profit percentage?
Question 2
Some toffees are bought at the rate of 11 for Rs 10 and the same number at the rate of 9 for Rs 10. If the whole lot is sold at one rupee per toffee, find the gain or loss percent on the whole transaction.
Question 3
A grocer had 100 kg of rice. Initially he was selling the rice at profit of 17%, after selling some quantity he reduces the price and started selling at 7% profit. Over all he earned 10% profit. Find the quantity of rice that he sold at 7% profit?
Question 4
A horse and a car were sold for Rs 1 lakh each. In this transaction, the horse sale resulted into 20% loss whereas the car sale into 20% profit. The entire transaction resulted in:
Question 5
A trader sells goods to a customer at a profit of x% over cost price, besides it he cheats his customer by giving 880 g only instead of 1 kg. Thus his overall profit percentage is 20%. Find the value of x?
Question 6
The price of a product after getting 20% discount is Rs 3,024 which includes 5% tax on selling price. What was the marked price (in Rs) of the product?
Question 7
A person sells an article at a profit of 12%. If he had purchased it for 12% less and sold it for Rs.9 less, he would have gained 27%. What is the original cost price of the article?
Question 8
The price of 10 chairs is equal to that of 4 tables. The price of 15 chairs and 2 tables together is Rs. 4000. The total price of 12 chairs and 3 tables is
Question 9
A shopkeeper marked a computer table for Rs. 7,200. He allows a discount of 10% on it and yet makes profit of 8%. What will be his gain percentage if he does NOT allow any discount?
Question 10
Two friends buy two cycles for ₹2000 and ₹4000 respectively. First friend marks up the price of the cycle by p%, while the second friend marks up the price of the cycle by 2p% and gives a discount of p%. If both of them get the same profit (≠0), what is the value of p?
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