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You are here: Home GMAT Prep Questions Profit Loss & Discounts
profit loss   GMAT Math Practice Questions Answers - Profit & Loss
Here is a set of sample questions that typically appear from the profit and loss topic in the math section of the gmat test.

  1. 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?
    Answer & Explanation

  2. Question 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%?
    Answer & Explanation

  3. Question 3: By selling an article at 80% of its marked price, a merchant makes a loss of 12%. What will be the % profit made by the merchant if he sells the article at 95% of its marked price?
    Answer & Explanation

  4. Question 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%?
    Answer & Explanation

  5. Question 5: A merchant who marked his goods up by 50% subsequently offered a discount of 20%. What is the percentage profit that the merchant make after offering the discount?
    Answer & Explanation


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