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IPMAT Indore Free Mocks Topic Tests

Profit & Loss - Past Year Questions

Q1:

The price of a chocolate is increased by x% and then reduced by x%. The new price is 96.76% of the original price. Then x is:
18
Correct Answer
Explanation →

Q2:

A goldsmith bought a large solid golden ball at INR 1,000,000 and melted it to make a certain number of solid spherical beads such that the radius of each bead was one-fifth of the radius of the original ball. Assume that the cost of making golden beads is negligible. If the goldsmith sold all the beads at 20% discount on the listed price and made a total profit of 20%, then the listed price or each golden bead, in INR, was
Answer options
Option: 2
Correct Answer
Explanation →

Q3:

Aruna purchases a certain number of apples for INR 20 each and a certain number of mangoes for INR 25 each. If she sells all the apples at 10%10 \% profit and all the mangoes at 20%20 \% loss, overall she makes neither profit nor loss. Instead, if she sells all the apples at 20%20 \% loss and all the mangoes at 10%10 \% profit, overall she makes a loss of INR 150. Then the number of apples purchased by Aruna is _________.
50
Correct Answer
Explanation →

Q4:

A shopkeeper reduces the price of a pen by 25% as a result of which the sales quantity increased by 20%. If the revenue made by the shopkeeper decreases by x% then x is
10
Correct Answer
Explanation →

Q5:

A man sold 35th \frac{3}{5}^{\text {th }} of his articles at a gain of 20%20 \% and the remaining at the cost price. The gain earned in the transaction is
Answer options
Option: 3
Correct Answer
Explanation →

Q6:

A company offers four types of successive discounts A - D on the marked price of an article. Arrange these successive discounts A - D in ascending order based on the final price of the article after discounts.
(A) 25%25 \% and 15%15 \% \newline (B) 30%30 \% and 10%10 \% \newline (C) 35%35 \% and 5%5 \% \newline (D) 15%15 \% and 20%20 \%
Answer options
Option: 2
Correct Answer
Explanation →

Q7:

By selling two articles for ₹ 800 , a person gains the cost price of three articles. The profit percent is :
Answer options
Option: 4
Correct Answer
Explanation →

Q8:

A dishonest dealer professes to sell his goods at cost price. But he uses a false weight and thus gains 61847%6 \frac{18}{47}\%. For a kg, he uses a weight of
Answer options
Option: 1
Correct Answer
Explanation →

Q9:

One Trader calculates the percentage of profit on the buying price and another calculates on the selling price. When their selling prices are the same, then the difference of their actual profit is Rs 85 and both claim to have made 20% profit. What is the selling price for each?
Answer options
Option: 2
Correct Answer
Explanation →

Q10:

Due to increase of 20% in the price of eggs, 2 eggs less are available for Rs 24. The present rate of eggs per dozen is
Answer options
Option: 1
Correct Answer
Explanation →

Profit & Loss - Past Year Questions (Free PDF Download)

Practice with our comprehensive collection of Profit & Loss Past Year Questions (PYQs of IPMAT Indore, IPMAT Rohtak & JIPMAT) with detailed solutions. These questions are carefully curated from previous year papers to help you understand the exam pattern and improve your preparation.

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