TARGETIPMAT
TARGET CAT 2024
2026
PRO/MASTERQUEST
Quant : Arithmetic
Profit Loss Discount
Part I
Lecture No.- 7
By- VINIT KAKRIYA SIR
Recap of Previous Lecture :
Recap of Previous Lecture :
to be covered
1) Numerical based on ‘Compound Interest’
2) Concept & Numerical based on ‘Profit & Loss’
3) Concept & Numerical based on ‘Marked Price & Discount’
4) Problems for Practice & IPMAT PYQs
QUESTION- 1
#Q. A certain sum is lent at a certain rate of compound interest. It grows to 1.44
times its value in 2 years. If the same sum is lent at simple interest at the same rate, in
how many years would it double itself? [JIPMAT PYQ]
A 3 years
B 4 years
C 5 years
D 6 years
QUESTION- 2
#Q. A sum becomes double in 10 years, then annual rate of simple interest is
[JIPMAT PYQ]
A 8%
B 5%
C 10%
D 20%
QUESTION- 3
#Q. Sumit has ₹ 90000 with him. He purchases three items A, B and C for ₹ 15000,
₹13000 and ₹ 35000 respectively and puts the remaining money in a bank deposit
that pays compound interest @15% per annum. After 2 years, he sells off the three
items at 80% of their original price and also withdraws his entire money from the
bank by closing the account. What is the total change in his asset? [JIPMAT PYQ]
A -4.152%
B 3.152%
C -4.325%
D 5.552%
Profit – Loss – Discount
Profit & Loss :
Profit & Loss :
Profit & Loss :
Profit & Loss :
QUESTION- 4
#Q. When a plot is sold for Rs. 18700, the owner loses 15%. At what price must that
plot be sold in order to gain 15%?
A Rs. 21000
B Rs. 22500
C Rs. 25300
D Rs. 25800
QUESTION- 5
#Q. When an article is sold at a profit of 5%, it brings in Rs. 30 more than if it were
sold at a loss of 15%. What is the cost price of the article?
A Rs. 100
B Rs. 150
C Rs. 200
D Rs. 250
QUESTION- 6
#Q. Find the selling price of watch if two salesman claim to make 20% profit each,
one calculating it on cost price while another on the selling price, the difference in the
profits earned being Rs. 160 and selling price being the same in both the case?
A Rs. 4000
B Rs. 3200
C Rs. 3600
D Rs. 4800
QUESTION- 7
#Q. A dealer sold two third of his items at a gain of 20% and the remaining at cost
price. Find the gain earned by him in the whole transaction.
A 1
12 %
3
B 1
13 %
3
C 2
15 %
3
D 3
20 %
4
QUESTION- 8
#Q. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but
the selling price remains constant, approximately what percentage of the selling price
is the profit?
A 70%
B 30%
C 100%
D 250%
QUESTION- 9
#Q. On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The
cost price of a ball is:
A Rs. 45
B Rs. 50
C Rs. 55
D Rs. 60
QUESTION- 10
#Q. A man sold 250 chairs and had a gain equal to the selling price of 50 chairs. His
profit percent is
A 5%
B 10%
C 25%
D 50%
Concept of Marked Price & Discount :
Concept of Marked Price & Discount :
Concept of Marked Price & Discount :
QUESTION- 11
#Q. A shopkeeper allows a discount of 12.5% on the marked price of a certain article
and makes a profit of 20%. If the article cost the shopkeeper Rs. 210, what price must
be marked on the article?
A Rs. 280
B Rs. 288
C Rs. 300
D None of these
QUESTION- 12
#Q. A shopkeeper buys an article for Rs. 650 and marks it for sale at a price that
gives him 70% profit on the cost price. He, however, gives a discount of 20% on the
marked price to his customer. Calculate the actual percentage profit made by the
shopkeeper.
A 53%
B 50%
C 36%
D 26%
2 Mins Summary
1) Numerical based on ‘Compound Interest’
2) Concept & Numerical based on ‘Profit & Loss’
3) Concept & Numerical based on ‘Marked Price & Discount’
4) Problems for Practice & IPMAT PYQs
Thank
You
