CSAT Practice Questions – Profit, Loss and Discount – Quiz 1

1. Anu bought a Television set and sold it for Rs. 50,000. If she incurred a loss of 20%, what was the amount she spend on buying the Television set?

2. A shopkeeper uses a faulty weight and claims that he is losing 16% on selling sugar. But in reality he is gaining 20%. Then what actual weight is he using for 1Kg?

3. Gopika mixed two varieties of sugar, one costing Rs50 per Kg and other costing Rs75 per Kg in the ratio 3:2. At what amount she should sell the sugar so that she incur no loss or no gain?

4. A shopkeeper gave successive discounts of 20% and 40% on a particular item to a customer. If the marked price of the item was Rs.1500, then at what price did he sold the item?

5. Dhanush bought two cars for Rs.6,00,000. He sold one of the car at a gain of 4% and the other at a loss of 2%. On the whole he neither gained nor lost. Then, cost price of one of the car will be:

6. A trader gets back what he has invested in buying 500Kg of an item by selling 400Kg of it. What is the profit percentage taken by the trader on the item?

7. A shopkeeper marked up the price of an item by 60% and sold it for Rs.560 after giving a successive discount of 20% and 30% on the marked price of the item. Then which of the following is correct?