Download TISSNET 2022 Profit and Loss, Averages Questions pdf by Cracku. Very Important Profit and Loss, Averages Questions for TISSNET 2022 based on asked questions in previous exam papers. These questions will help your TISSNET exam preparation. So kindly download the PDF for reference and do more practice.<\/p>\n
Download Quant: Profit and Loss, Averages<\/a><\/p>\n Get 5 TISSNET mocks at just Rs.299<\/a><\/p>\n Download TISSNET previous papers PDF<\/a><\/p>\n Question 1:\u00a0<\/b>17 articles were bought for Rs. 3,910 and sold for Rs. 4,590. How much was the approximate profit percentage per article ?<\/p>\n a)\u00a017%<\/p>\n b)\u00a012%<\/p>\n c)\u00a09%<\/p>\n d)\u00a021%<\/p>\n e)\u00a025%<\/p>\n Question 2:\u00a0<\/b>The cost price of an article is Rs. 390. If it is to be sold at a profit of 3.12 per cent, how much would be its approximate selling price ?<\/p>\n a)\u00a0Rs. 410<\/p>\n b)\u00a0Rs. 402<\/p>\n c)\u00a0Rs. 417<\/p>\n d)\u00a0Rs. 420<\/p>\n e)\u00a0Rs. 442<\/p>\n Question 3:\u00a0<\/b>The cost price of an article is Rs.1700. If it was sold at a price of Rs.2006, what was the percentage profit on the transaction?<\/p>\n a)\u00a018<\/p>\n b)\u00a012<\/p>\n c)\u00a010<\/p>\n d)\u00a015<\/p>\n e)\u00a020<\/p>\n Question 4:\u00a0<\/b>21 articles were bought for 6531 and sold for Rs.9954. How much was the approximate profit percentage per article?<\/p>\n a)\u00a056%<\/p>\n b)\u00a043%<\/p>\n c)\u00a052%<\/p>\n d)\u00a049%<\/p>\n e)\u00a061%<\/p>\n Question 5:\u00a0<\/b>A person sells half of his goods at 20% profit and remaining half at 30% profit. What is his overall gain per cent in the whole transaction ?<\/p>\n a)\u00a030%<\/p>\n b)\u00a025%<\/p>\n c)\u00a050%<\/p>\n d)\u00a035%<\/p>\n e)\u00a0None of these<\/p>\n Download TISSNET Previous Papers PDF<\/a><\/p>\n Take TISSNET Mock Tests<\/a><\/p>\n Question 6:\u00a0<\/b>Meera purchased 23 bracelets at the rate of Rs. 160 per bracelet. At what rate per bracelet should she sell the bracelets so that profit earned is 15% ?<\/p>\n a)\u00a0184<\/p>\n b)\u00a0186<\/p>\n c)\u00a0192<\/p>\n d)\u00a0198<\/p>\n e)\u00a0None of these<\/p>\n Question 7:\u00a0<\/b>A shopkeeper sold 8 chairs at a profit of 20% and 6 chairs at a profit of 10%. Had he sold all the 14 chairs at a profit of 12%, his profit would have been reduced by 442. What is the cost price of each chair? (cost of each chair is same)<\/p>\n a)\u00a0Rs. 750<\/p>\n b)\u00a0Rs. 775<\/p>\n c)\u00a0Rs. 825<\/p>\n d)\u00a0Rs. 850<\/p>\n e)\u00a0Rs. 900<\/p>\n Question 8:\u00a0<\/b>The price of an article is first increased by 20% and later on decreased by 25% due to reduction in sales. Find the net percentage change in final price of article.<\/p>\n a)\u00a020%<\/p>\n b)\u00a018%<\/p>\n c)\u00a038%<\/p>\n d)\u00a010%<\/p>\n e)\u00a0None of these<\/p>\n Question 9:\u00a0<\/b>A profit of 8% is made by selling a shirt after offering a discount of 12%. If the marked price of the shirt is Rs.1,080\/-, find its cost price.<\/p>\n a)\u00a0Rs.890\/-<\/p>\n b)\u00a0Rs. 780\/-<\/p>\n c)\u00a0Rs.880\/-<\/p>\n d)\u00a0Rs.900\/-<\/p>\n e)\u00a0None of these<\/p>\n Question 10:\u00a0<\/b>A profit of 25% is earned on goods when a discount of 20% is allowed on the marked price. What profit percentage will be earned when a discount of 10% is allowed on the marked price?<\/p>\n a)\u00a0$45\\frac{9}{11}$<\/p>\n b)\u00a0$42\\frac{3}{4}$<\/p>\n c)\u00a0$40\\frac{5}{8}$<\/p>\n d)\u00a0$37\\frac{2}{3}$<\/p>\n e)\u00a0None of these<\/p>\n Question 11:\u00a0<\/b>A shopkeeper sold an article for Rs.1,380 at a loss of 8%. At what price should it be sold to gaina profit of 8% ?<\/p>\n a)\u00a0Rs.1,560\/\u00ad<\/p>\n b)\u00a0Rs.1,620\/\u00ad<\/p>\n c)\u00a0Rs.1,680\/\u00ad<\/p>\n d)\u00a0Rs.1,740\/\u00ad<\/p>\n e)\u00a0None of these<\/p>\n Question 12:\u00a0<\/b>The cost price of item B is Rs. 150\/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?<\/p>\n a)\u00a0Rs. 450\/-<\/p>\n b)\u00a0Rs. 420\/-<\/p>\n c)\u00a0Rs. 400\/-<\/p>\n d)\u00a0Rs. 350\/-<\/p>\n e)\u00a0Rs. 480\/-<\/p>\n Question 13:\u00a0<\/b>Mr. Bagdi purchased an Air Con ditioner for Rs. 12.000 and sold it for Rs. 15,000. What was the profit percentage ?<\/p>\n a)\u00a025<\/p>\n b)\u00a035<\/p>\n c)\u00a020<\/p>\n d)\u00a015<\/p>\n e)\u00a0None of these<\/p>\n Question 14:\u00a0<\/b>Kiran sold an item for 28,160 and Incurred a loss of 15\u00b04). At what price should she have sold the item to have Oiled a profit of 25% ?<\/p>\n a)\u00a012,200<\/p>\n b)\u00a012,300<\/p>\n c)\u00a013,000<\/p>\n d)\u00a0Cannot he determined<\/p>\n e)\u00a0None of these<\/p>\n Question 15:\u00a0<\/b>Savita sold an item for 6,500 and incurred a loss of 20%. At what price should she have sold the item to have gained a profit of 20%?<\/p>\n a)\u00a010,375<\/p>\n b)\u00a09,750<\/p>\n c)\u00a08,125<\/p>\n d)\u00a0Cannot be determined<\/p>\n e)\u00a0None of these<\/p>\n Enroll to CAT 2022 Complete Course<\/a><\/p>\n Answers & Solutions:<\/strong><\/span><\/p>\n 1)\u00a0Answer\u00a0(A)<\/strong><\/p>\n Cost price of 1 article = Rs. $\\frac{3910}{17}$ = Rs. 230<\/p>\n Selling price of 1 article = Rs. $\\frac{4590}{17}$ = Rs. 270<\/p>\n Profit % = $\\frac{270 – 230}{230} * 100$<\/p>\n = 17.39% $\\approx$ 17%<\/p>\n 2)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Profit obtained in selling the article at 3.12%<\/p>\n = $\\frac{3.12}{100} * 390 \\approx$ Rs. 12<\/p>\n => Selling price = 390 + 12 = Rs. 402<\/p>\n 3)\u00a0Answer\u00a0(A)<\/strong><\/p>\n Profit = S.P. – C.P. = 2006 – 1700<\/p>\n = Rs. 306<\/p>\n => Profit % = $\\frac{306}{1700} * 100$<\/p>\n = 18%<\/p>\n 4)\u00a0Answer\u00a0(C)<\/strong><\/p>\n C.P. of 1 article = $\\frac{6531}{21}$ = Rs. 311<\/p>\n S.P. of 1 article = $\\frac{9954}{21}$ = Rs. 474<\/p>\n => Profit on 1 article = S.P. – C.P. = 474 – 311<\/p>\n = Rs. 163<\/p>\n $\\therefore$ Profit % = $\\frac{163}{311} * 100$<\/p>\n = 52.4% $\\approx$ 52%<\/p>\n 5)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Let the person has 2 goods and cost price of each good = Rs. 100<\/p>\n => Total C.P. = Rs. 200<\/p>\n S.P. of 1st good = $\\frac{120}{100} \\times 100$ = Rs. 120<\/p>\n S.P. of 2nd good = $\\frac{130}{100} \\times 100$ = Rs. 130<\/p>\n => Total S.P. = 120 + 130 = Rs. 250<\/p>\n $\\therefore$ Overall profit % = $\\frac{250 – 200}{200} \\times 100$ = 25 %<\/p>\n 6)\u00a0Answer\u00a0(A)<\/strong><\/p>\n C.P. of 1 bracelet = Rs. 160<\/p>\n S.P. of 1 bracelet after 15\u00a0% profit<\/p>\n = $\\frac{115}{100} \\times 160$<\/p>\n = Rs. 184<\/p>\n 7)\u00a0Answer\u00a0(D)<\/strong><\/p>\n Let C.P. of each chair = $100x$<\/p>\n Case 1\u00a0: 8 chairs sold at 20% profit<\/p>\n => S.P. of 8 chairs = $8 \\times \\frac{120}{100} \\times 100x = 960x$<\/p>\n 6 chairs sold at 10% profit<\/p>\n => S.P. of 6 chairs = $6 \\times \\frac{110}{100} \\times 100x = 660x$<\/p>\n $\\therefore$ Total S.P. of 14 chairs = $960x + 660x = 1620x$<\/p>\n Case 2\u00a0: 14 chairs sold at 12% profit<\/p>\n => S.P. of 14 chairs = $14 \\times \\frac{112}{100} \\times 100x = 1568x$<\/p>\n Acc. to ques,<\/p>\n => $1620x – 1568x = 442$<\/p>\n => $52x = 442$<\/p>\n => $xx = \\frac{442}{52} = 8.5$<\/p>\n $\\therefore$ C.P. of 1 chair = $100 \\times 8.5$ = Rs. 850<\/p>\n 8)\u00a0Answer\u00a0(D)<\/strong><\/p>\n <\/u>Let the initial price of the article = Rs. $100x$<\/p>\n Price after 20% increase = $\\frac{120}{100} \\times 100x = 120x$<\/p>\n Price after 25% decrease = $\\frac{75}{100} \\times 120x$<\/p>\n = $90x$<\/p>\n $\\therefore$ Net % change = $\\frac{100x – 90x}{100x} \\times 100$<\/p>\n = $10 \\%$<\/p>\n 9)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Let cost price = Rs. $100x$<\/p>\n => Selling price = $100x + \\frac{8}{100} \\times 100x$<\/p>\n = $108x$<\/p>\n Now, after offering 12% discount, Marked price = $\\frac{88}{100} \\times 1080 = 108x$<\/p>\n => $\\frac{88}{10} = \\frac{108x}{108}$<\/p>\n => $x = \\frac{88}{10} = 8.8$<\/p>\n $\\therefore$ C.P. = 100 * 8.8 = Rs. 880<\/p>\n 10)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Let the\u00a0Marked Price = Rs. 100<\/p>\n => Selling price = $\\frac{80}{100} \\times 100 = 80$<\/p>\n $\\therefore$ Cost price = $\\frac{100}{125} \\times 80 = 64$<\/p>\n When discount of 10% is allowed<\/p>\n => S.P. = $\\frac{90}{100} \\times 100 = 90$<\/p>\n $\\therefore$ Required Profit % = $\\frac{90 – 64}{64} \\times 100$<\/p>\n = $\\frac{325}{8} = 40\\frac{5}{8} \\%$<\/p>\n 11)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Let cost price of the article = Rs. $100x$<\/p>\n Loss % = 8%<\/p>\n => Selling price = $\\frac{92}{100} \\times 100x = 1380$<\/p>\n => $x = \\frac{1380}{92} = 15$<\/p>\n => C.P. = $100 \\times 15$ = Rs. $1,500$<\/p>\n Profit % = 8%<\/p>\n $\\therefore$ Selling price = $\\frac{108}{100} \\times 1500$<\/p>\n = $108 \\times 15$ = Rs. $1,620$<\/p>\n 12)\u00a0Answer\u00a0(A)<\/strong><\/p>\n CP of B = CP of A +150 13)\u00a0Answer\u00a0(A)<\/strong><\/p>\n CP of Air Conditioner = Rs 12000 14)\u00a0Answer\u00a0(E)<\/strong><\/p>\n Selling Price = Cost Price$\\times$(1-$\\frac{\\text{Loss percentage}}{100}$) 15)\u00a0Answer\u00a0(B)<\/strong><\/p>\n C.P of article = 6500 * (100\/80)<\/p>\n = Rs. 8125<\/p>\n S.P for a gain of 20% = (8125*120)\/100 = Rs. 9750<\/p>\n
\nSP of A = 1.10 $\\times$ CP of A
\nSP of B = 0.8 $\\times$ CP of B = 0.8 $\\times$ (CP of A +150)
\nSP of A : SP of B = 11: 12
\n1.10 $\\times$ CP of A : 0.8 $\\times$ (CP of A +150) = 11:12
\n13.2 $\\times$ CP of A = 8.8 $\\times$ (CP of A +150)
\n13.2 $\\times$ CP of A – 8.8 $\\times$ CP of A = 1320
\n4.4 $\\times$ CP of A = 1320
\nCP of A = 1320\/4.4 = 300
\n<\/span>CP of B = Rs. 450\/-
\nOption A is the correct answer.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n
\nSP of Air Conditioner = Rs 15000
\nProfit = Rs 3000
\nProfit % = 3000 $ \\times \\frac{100}{12000}$ = 25%<\/p>\n
\n28,160 = Cost Price$\\times$(1-0.15)
\n28,160 = Cost Price$\\times$(0.85)$\\approx$33129
\nSelling Price for profit of 25% = Cost Price $\\times$ (1+0.25) = 33129$\\times$1.25 $\\approx$ =41411
\nHence Option E is the correct answer.<\/p>\n