An article bought for ₹1,200 is sold for ₹1,440. What is the profit percentage?
- A20%
- B25%
- C22.5%
- D17.5%
Show answer
Answer: (A) 20%
Profit = ₹240; profit % = 240 ÷ 1200 × 100 = 20%.
GATE Profit, Loss & Discount Questions with Answers & Explanations
17 Profit, Loss & Discount questions from the General Aptitude (Quantitative & Reasoning) section of GATE, each with the correct answer and a worked explanation. Try each question first, then tap Show answer to check. When you're ready, take the timed chapter-wise test to see your all-India rank.
The marked price of a watch is ₹750 and a discount of 25% is given. What is the selling price?
- A₹562.50
- B₹187.50
- C₹525
- D₹500
Show answer
Answer: (A) ₹562.50
SP = 750 × (100 − 25)/100 = ₹562.50.
Two successive discounts of 20% and 10% are equivalent to a single discount of
- A26.5%
- B30%
- C15%
- D28%
Show answer
Answer: (D) 28%
Equivalent discount = 20 + 10 − (20 × 10)/100 = 28%.
An article bought for ₹440 is sold for ₹550. What is the profit percentage?
- A30%
- B22.5%
- C25%
- D20%
Show answer
Answer: (C) 25%
Profit = ₹110; profit % = 110 ÷ 440 × 100 = 25%.
A shopkeeper buys an item for ₹1,000 and sells it at a loss of 10%. What is the selling price?
- A₹900
- B₹850
- C₹990
- D₹1,100
Show answer
Answer: (A) ₹900
SP = CP × (100 − 10)/100 = ₹900.
The marked price of a watch is ₹2,350 and a discount of 25% is given. What is the selling price?
- A₹1,762.50
- B₹1,645
- C₹587.50
- D₹2,100
Show answer
Answer: (A) ₹1,762.50
SP = 2350 × (100 − 25)/100 = ₹1,762.50.
Two successive discounts of 20% and 20% are equivalent to a single discount of
- A36%
- B34.5%
- C38%
- D20%
Show answer
Answer: (A) 36%
Equivalent discount = 20 + 20 − (20 × 20)/100 = 36%.
An article bought for ₹1,200 is sold for ₹1,560. What is the profit percentage?
- A27.5%
- B30%
- C23.08%
- D35%
Show answer
Answer: (B) 30%
Profit = ₹360; profit % = 360 ÷ 1200 × 100 = 30%.
A shopkeeper buys an item for ₹600 and sells it at a loss of 20%. What is the selling price?
- A₹530
- B₹430
- C₹480
- D₹720
Show answer
Answer: (C) ₹480
SP = CP × (100 − 20)/100 = ₹480.
The marked price of a watch is ₹2,750 and a discount of 10% is given. What is the selling price?
- A₹2,650
- B₹2,337.50
- C₹2,475
- D₹275
Show answer
Answer: (C) ₹2,475
SP = 2750 × (100 − 10)/100 = ₹2,475.
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Timed General Aptitude (Quantitative & Reasoning) test · 5 questions · instant rank
An article bought for ₹1,960 is sold for ₹2,058. What is the profit percentage?
- A5%
- B10%
- C4.76%
- D2.5%
Show answer
Answer: (A) 5%
Profit = ₹98; profit % = 98 ÷ 1960 × 100 = 5%.
A shopkeeper buys an item for ₹2,500 and sells it at a loss of 10%. What is the selling price?
- A₹2,200
- B₹2,300
- C₹2,250
- D₹2,750
Show answer
Answer: (C) ₹2,250
SP = CP × (100 − 10)/100 = ₹2,250.
The marked price of a watch is ₹550 and a discount of 10% is given. What is the selling price?
- A₹55
- B₹495
- C₹522.50
- D₹467.50
Show answer
Answer: (B) ₹495
SP = 550 × (100 − 10)/100 = ₹495.
Two successive discounts of 10% and 5% are equivalent to a single discount of
- A16.5%
- B15%
- C14.5%
- D7.5%
Show answer
Answer: (C) 14.5%
Equivalent discount = 10 + 5 − (10 × 5)/100 = 14.5%.
An article bought for ₹480 is sold for ₹600. What is the profit percentage?
- A20%
- B25%
- C27.5%
- D22.5%
Show answer
Answer: (B) 25%
Profit = ₹120; profit % = 120 ÷ 480 × 100 = 25%.
A shopkeeper buys an item for ₹2,700 and sells it at a loss of 20%. What is the selling price?
- A₹2,110
- B₹2,210
- C₹3,240
- D₹2,160
Show answer
Answer: (D) ₹2,160
SP = CP × (100 − 20)/100 = ₹2,160.
An article bought for ₹1,640 is sold for ₹1,845. What is the profit percentage?
- A11.11%
- B12.5%
- C15%
- D10%
Show answer
Answer: (B) 12.5%
Profit = ₹205; profit % = 205 ÷ 1640 × 100 = 12.5%.
These are RankerClub practice questions written in the GATE pattern. They are not official SSC/IBPS/RRB papers.
