CMAT Practice Quiz

Question 1

A shopkeeper marks an article at 25% above its cost price and allows a discount of 10% on the marked price. What is his profit percentage?

Accepted Answer

12.5%

Question 2

An item is sold for Rs. 920 at a loss of 8%. What is its cost price?

Accepted Answer

Rs. 1000

Question 3

A shopkeeper uses a false weight and claims to sell at cost price. He gives only 900 g instead of 1 kg. What is his actual profit percentage?

Accepted Answer

11.11%

Question 4

A trader mixes two varieties of rice costing Rs. 40 per kg and Rs. 60 per kg in the ratio 3:2. At what price per kg should he sell the mixture to gain 25%?

Accepted Answer

Rs. 60

Question 5

A man sells two articles for Rs. 990 each. On one he gains 10% and on the other he loses 10%. What is his overall profit or loss percentage?

Accepted Answer

1% loss

CMAT

Practice Quizzes

Percentages and Profit Loss Fundamentals — Free CMAT Quiz