Quant Quiz

Q1)-A book is listed at Rs 150 , with a discount of 20 %. What additional discount must be offered to bring the net price to Rs 108 ?

8 %

10 %

12 %

14 %

Ans.- B
After discount CP = 80 % of 150 = 120 Let x % be the additional discount 120-108 = 12 x % of Rs 120 = 12 x =10 %

Q2)-The marked price of a clock is Rs. 3200. It is to be sold at Rs. 2448 at two successive discounts. If the first discount is 10%, then the second discount is

10 %

15 %

20 %

25 %

Ans.- B
3200 * 90/100 * (100-X) /100 = 2448 x = 15 %

Q3)-Socks that cost 7.00 per pair were sold at a loss of 25% of selling price. What was the selling price?

5

5.60

7.60

8

Ans.- B
Cost / ( 100% + % loss ) = selling price. 7.00 / 1.25 = 5.60, selling price.

Q4)-If the price of an item is increased by 30% and then allows two successive discounts of 10% and 10%. In last the price of an item is

103

105.3

107

107.3

Ans.- B
Price of item = 100+30 = 130% Price = 130 *90/100 * 90/100 = 105.3

Q5)-A coat marked up 60% carries what percent of profit on selling price?

35 %

37.5 %

38 %

26 %

Ans.- B
% profit on cost / ( 100% + % profit on cost ) = % profit on selling price. .60 / 1.60 = .375 or 37.5% on selling price.

Q6)-A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

18 %

20 %

22 %

24 %

Ans.- B
Let the cost price = Rs 100 then, Marked price = Rs 135 Required gain = 8%, So Selling price = Rs 108 Discount = 135 – 108 = 27 Discount% = (27/135)*100 = 20%

Q7)-Bananas are bought at the rate of 6 for Rs. 5 and sold at the rate of 5 for Rs. 6. Profit per cent is:

35 %

36 %

44 %

48 %

Ans.- C
To avoid fraction, let the number of bananas boughtLCM of 5 and 6 = 30 CP of 30 bananas = 5 x 5 = Rs. 25 SP of 30 Bananas = 6 x 6 = Rs. 36 Profit = Rs. (36-25) = Rs. 11 Profit % = 11/25×100=44%

Q8)-A dealer buys and article marked at Rs. 25000 with 20% and 5 % off. He spends Rs. 1000 for its repairs and sells it for Rs. 25000. What is his gain or loss per cent?

Loss of 25 %

Gain of 25 %

Gain of 10 %

Loss of 10 %

Ans.- B

Q9)-A bathing soap marked at Rs.80 is sold for Rs.68.Find the rate of discount.

12 %

13 %

14 %

15 %

Ans.- D
Marked price = (M.P) = Rs.80 Selling price = (S.P) = Rs.68 Discount amount = Rs. 80 - 68 = Rs.12 Therefore, Rate of discount = Discount x 100 / M.P = 12 x 100 / 80 = 120 / 8 = 15% Hence the answer is 15%

Q10)-A dealer sold two types of goods for Rs 10,000 each. On one of them, he lost 20% and on the other he gained 20%. His gain or loss per cent in the entire transaction was

2% loss

2% gain

4% gain

4% loss

Ans.- D
Here, S.P. is same, Hence there is always a loss. Loss per cent = (20×20)/100=4%