4GMAT GMAT Classes

GMAT Practice Questions Answers - Profit & Loss

You are here: Home GMAT Test Prep Questions Profit Loss & Discounts

You may get one question from Profit, Loss and Discounts in the GMAT quant section. A relatively easy topic. The concepts tested include computing cost price, selling price, percentage profit, percentage discount and profit or loss made. A collection of GMAT practice questions from profit, loss and discounts is given below. Attempt these questions and check whether you have got the correct answer. If you have not go to the explanatory answer or the video explanations (wherever provided) to learn how to crack the question.

  1. If the cost price of 20 articles is equal to the selling price of 25 articles, what is the % profit or % loss made by the merchant?

    1. 25% loss
    2. 25% profit
    3. 20% loss
    4. 20% profit
    5. 5% profit
    • Correct AnswerChoice (C).
      The merchant makes a 20% loss.
      Correct answer
    • Explanatory Answer
    • Percentage Profit
    • Easy
  2. Sam buys 10 apples for $1. At what price should he sell a dozen apples if he wishes to make a profit of 25%?

    1. $0.125
    2. $1.25
    3. $0.25
    4. $1.5
    5. $1.8
    • Correct AnswerChoice (D).
      Sam should sell a dozen apples at $1.5 .
      Correct answer
    • Explanatory Answer
    • Selling Price
    • Easy
  3. By selling an article at 80% of its marked price, a merchant makes a loss of 12%. What % profit will the merchant make if the article is sold at 95% of its marked price?

    1. 5% profit
    2. 1% loss
    3. 10% profit
    4. 5.5% profit
    5. 4.5% profit
    • Correct AnswerChoice (E).
      The merchant will make a profit of 4.5% profit.
      Correct answer
    • Explanatory Answer
    • Percentage Profit
    • Medium
  4. What is the maximum percentage discount that a merchant can offer on her Marked Price so that she ends up selling at no profit or loss, if she had initially marked her goods up by 50%?

    1. 50%
    2. 20%
    3. 25%
    4. 16.67%
    5. 33.33%
    • Correct AnswerChoice (E).
      She should offer a maximum discount of 33.33% on the marked price of her goods.
      Correct answer
    • Explanatory Answer
    • Percentage Discount
    • Easy
  5. A merchant who marked his goods up by 50% subsequently offered a discount of 20% on the marked price. What is the percentage profit that the merchant made after offering the discount?

    1. 30%
    2. 125%
    3. 25%
    4. 20%
    5. 16.66%
    • Correct AnswerChoice (D).
      The merchant made a profit of 20% by selling at discount.
      Correct answer
    • Explanatory Answer
    • Percentage Discount
    • Easy
spacer

Next GMAT Batches @ Chennai

  • July 16, 2016

    • Weekend Morning Batch
    • Class Timings
      • Sat: 10:30 AM to 1:30 PM
      • Sun: 10:30 AM to 1:30 PM
    • Fees : Rs.17,500
    More Info | Signup Online

    Aug 13, 2016

    • Weekend Morning Batch
    • Class Timings
      • Sat: 10:30 AM to 1:30 PM
      • Sun: 10:30 AM to 1:30 PM
    • Fees : Rs.17,500
    More Info | Signup Online

    Contact Us

    4GMAT - GMAT Classes
    II floor, Kanya West Wing
    48/1 Velachery Taramani Road
    Velachery. Chennai 600042.
    Contact : Mr. Baskar

    Call  95000 48484
    Center Open: Sat and Sun: 10 AM to 7:30 PM.

  • June 25, 2016

    • 'Sunday-Only' Batch
    • Class Timings
      • Session 1: 6:30 AM to 9:30 AM
      • Session 2: 10:30 AM to 1:30 PM
    • Fees : Rs.17,500
    More Info | Signup Online

    June 30, 2016

    • Weekday - Morning Batch
    • Class Timings
      • Monday to Friday: 6:30 AM to 9:30 AM
      • Duration: 5 weeks
    • Fees : Rs.17,500
    More Info | Signup Online

    Contact Us

    4GMAT - GMAT Classes
    14B/1 Dr Thirumurthy Nagar I Street
    Nungambakkam
    Chennai 600034.
    Contact : Mr.Baskar

    Call  044 4500 8484 | 95000 48484

 

Contact Us

4GMAT - GMAT Classes
14B/1 Dr Thirumurthy Nagar I St.
Nungambakkam, Chennai 600 034
E mail : info@4gmat.com
Phone : +91 44 4500 8484
Mobile : +91 95000 48484

@ Bangalore : +91 74060 48484

GMAT™ and GMAC™ are registered trademarks of the Graduate Management Admission Council™. The Graduate Management Admission Council™ does not endorse, nor is it affiliated in any way with the owner or any content of this web site.

Copyright 2004 - 16 4GMAT.COM, A division of Test Catalyst (India) Private Limited. All rights reserved.
Terms and Conditions | Privacy policy | Disclaimer