{"id":39941,"date":"2020-01-07T15:22:15","date_gmt":"2020-01-07T09:52:15","guid":{"rendered":"https:\/\/cracku.in\/blog\/?p=39941"},"modified":"2020-01-07T15:22:15","modified_gmt":"2020-01-07T09:52:15","slug":"profit-and-loss-questions-for-cmat","status":"publish","type":"post","link":"https:\/\/cracku.in\/blog\/profit-and-loss-questions-for-cmat\/","title":{"rendered":"Profit and Loss Questions for CMAT"},"content":{"rendered":"

Profit and Loss Questions for CMAT<\/strong><\/span><\/h2>\n

Download important Profit and Loss Questions for CMAT PDF based on previously asked questions in the CMAT exam. Practice Profit and Loss Questions\u00a0 PDF for the CMAT exam.<\/p>\n

Download Profit and Loss Questions for CMAT<\/a><\/p>\n

Get 5 CMAT mocks for just Rs. 299. Enroll here<\/a><\/p>\n

Take a CMAT Free Mock Test <\/a><\/p>\n

Question 1:\u00a0<\/b>Rohit bought 20 soaps and 12 toothpastes. He marked-up the soaps by 15% on the cost price of each, and the toothpastes by Rs.20 on the cost price each. He sold 75% of the soaps and 8 toothpastes and made a profit of Rs.385. If the cost of a toothpaste is 60% the cost of a soap and he got no return on unsold items, what was his overall profit or loss?<\/p>\n

a)\u00a0Loss of Rs.355<\/p>\n

b)\u00a0Loss of Rs.210<\/p>\n

c)\u00a0Loss of Rs.250<\/p>\n

d)\u00a0None of the above<\/p>\n

Question 2:\u00a0<\/b>Three years ago, your close friend had won a lottery of Rs. 1 crore. He purchased a flat for Rs. 40 lakhs, a car for Rs. 20 lakhs and shares worth Rs. 10 lakhs. He put the remaining money in a bank deposit that pays compound interest @ 12 percent per annum. If today, he sells off the flat, the car and the shares at certain percentage of their original value and withdraws his entire money from the bank, the total gain in his assets is 5%. The closest approximate percentage of the original value at which he sold off the three items is<\/p>\n

a)\u00a060 percent<\/p>\n

b)\u00a075 percent<\/p>\n

c)\u00a090 percent<\/p>\n

d)\u00a0105 percent<\/p>\n

Question 3:\u00a0<\/b>Two men X and Y started working for a certain company at similar jobs on January 1, 1950. X asked for an initial monthly salary of Rs. 300 with an annual increment of Rs. 30. Y asked for an initial monthly salary of Rs. 200 with a rise of Rs. 15 every 6 months. Assume that the arrangements remained unaltered till December 31, 1959. Salary is paid on the last day of the month. What is the total amount paid to them as salary during the period?<\/p>\n

a)\u00a0Rs. 93,300<\/p>\n

b)\u00a0Rs. 93,200<\/p>\n

c)\u00a0Rs. 93,100<\/p>\n

d)\u00a0None of these<\/p>\n

Question 4:\u00a0<\/b>A sum of money compounded annually becomes Rs.625 in two years and Rs.675 in three years. The rate of interest per annum is<\/p>\n

a)\u00a07%<\/p>\n

b)\u00a08%<\/p>\n

c)\u00a06%<\/p>\n

d)\u00a05%<\/p>\n

Question 5:\u00a0<\/b>If Fatima sells 60 identical toys at a 40% discount on the printed price, then she makes 20% profit. Ten of these toys are destroyed in fire. While selling the rest, how much discount should be given on the printed price so that she can make the same amount of profit?<\/p>\n

a)\u00a030%<\/p>\n

b)\u00a025%<\/p>\n

c)\u00a024%<\/p>\n

d)\u00a028%<\/p>\n

CMAT Free Solved Previous Papers.<\/a><\/p>\n

Question 6:\u00a0<\/b>A dealer buys dry fruits at Rs. 100, Rs. 80 and Rs. 60 per kilogram. He mixes them in the ratio 3 : 4 : 5 by weight, and sells at a profit of 50%. At what price per kilogram does he sell the dry fruit?<\/p>\n

a)\u00a0Rs. 80<\/p>\n

b)\u00a0Rs. 100<\/p>\n

c)\u00a0Rs. 95<\/p>\n

d)\u00a0None of these<\/p>\n

Instructions<\/b>\u00a0Answer the questions based on the following information. A watch dealer incurs an expense of Rs. 150 for producing every watch. He also incurs an additional expenditure of Rs. 30,000, which is independent of the number of watches produced If he is able to sell a watch during the season, he sells it for Rs. 250. If he fails to do so, he has to sell each watch for Rs. 100.<\/p>\n

Question 7:\u00a0<\/b>If he is able to sell only 1,200 out of 1,500 watches he has made in the season (and the rest 300 are sold out of season), then he has made a profit of<\/p>\n

a)\u00a0Rs. 90,000<\/p>\n

b)\u00a0Rs. 75,000<\/p>\n

c)\u00a0Rs. 45,000<\/p>\n

d)\u00a0Rs. 60,000<\/p>\n

Question 8:\u00a0<\/b>The price of a Maruti car rises by 30% while the sales of the car come down by 20%. What is the percentage change in the total revenue?<\/p>\n

a)\u00a0-4%<\/p>\n

b)\u00a0-2%<\/p>\n

c)\u00a0+4%<\/p>\n

d)\u00a0+2%<\/p>\n

Question 9:\u00a0<\/b>A man borrows 6000 at 5% interest, on reducing balance, at the start of the year. If he repays 1200 at the end of each year, find the amount of loan outstanding, in , at the beginning of the third year.<\/p>\n

a)\u00a03162.75<\/p>\n

b)\u00a04125.00<\/p>\n

c)\u00a04155.00<\/p>\n

d)\u00a05100.00<\/p>\n

e)\u00a05355.00<\/p>\n

Question 10:\u00a0<\/b>A shopkeeper labelled the price of his articles so as to earn a profit of 30% on the cost price. He,then sold the articles by offering a discount of 10% on the labelled price. What is the actual per cent profit earned in the deal?<\/p>\n

a)\u00a018%<\/p>\n

b)\u00a015%<\/p>\n

c)\u00a020%<\/p>\n

d)\u00a0none of these<\/p>\n

Download Excellent App for CMAT Preparation<\/a><\/p>\n

Get 5 CMAT mocks for just Rs. 299. Enroll here<\/a><\/p>\n

Answers & Solutions:<\/strong><\/span><\/p>\n

1)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

Let the CP of 1 soap = S
\nThus, the CP of 1 toothbrush = 0.6S
\nGiven that, SP of 1 soap = 1.15 S and SP of 1 toothbrush = 0.6S+20
\nAlso, 15*1.15*S + 8*(0.6S+20) – 15S – 8*0.6*S = 385
\nThus, solving we get S = 100
\nHence, Total CP of 20 soaps and 12 toothbrush = 20*100 + 12*60 = 2720
\nSP of 15 soaps and 8 toothbrush = 15*1.15*100 + 8*80 = 2365
\nThus, the overall loss = 2365 – 2720 = 355 Rs.
\nHence, option A is the correct answer.<\/p>\n

2)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

Hi total gain = 5%
\nThus, the amount at the end of 3 years = 105 lakh Rupees
\nThe amount he gets from the bank = $30(1.12)^2 = 42.14784$ lakh rupees
\nLet x be the percentage at which he sells the assets of worth 70 lakhs
\nThus, the amount he gets = 0.7x lakhs
\nThus, 70x + 42.1478 = 105
\nThus, 70x = 62.8525
\nThus, x is closest to 0.90= 90%
\nHence, option C is the correct answer.<\/p>\n

3)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

January 1, 1950 to December 31, 1959 is a period of 10 years or 20 half years.
\nThe person X after 1st year gets Rs. 300\u00a0in next year he gets Rs. 330\u00a0and so on.
\nSo his earning is in AP with 10 300+330+360+…<\/p>\n

Similarly earning of Y is in AP with 20 terms 200+215+230+245…. .<\/p>\n

So, the total earnings of X equals 12*(300+330+….10 terms) = 52200
\nThe total earnings of Y equals 6*(200+215+230+…20 terms) = 41100<\/p>\n

So, the total earnings of the two equals 52200+41100 = 93300<\/p>\n

4)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

As we know, formulae of compound interest for 2 years \u00a0will be:
\n$P(1+\\frac{r}{100})^{2}$ = 625\u00a0 (Where r is rate, P is principal amount)
\nFor 3 years:
\n$P(1+\\frac{r}{100})^{3}$ = 675
\nDividing above two equations we will get r=8%<\/p>\n

5)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

Let the cost price be C and the marked price be M.<\/p>\n

Given,<\/p>\n

0.6 M = 1.2 C<\/p>\n

M = 2C<\/p>\n

CP of 60 toys = 60C<\/p>\n

Now only 50 are remaining.<\/p>\n

Hence,<\/p>\n

M (1 – d) * 50 = 72C<\/p>\n

1- d = 0.72<\/p>\n

d = .28<\/p>\n

Hence 28%<\/p>\n

CMAT Free Solved Previous Papers.<\/a><\/p>\n

6)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

Let’s say he buy fruits of weights 3 kg., 4kg., 5 kg.<\/p>\n

So cost price per kg. =$\\frac{300+320+300}{9} = \\frac{920}{9}$<\/p>\n

Selling price = $\\frac{920}{12} \\times \\frac{3}{2}$ = 115 per kg<\/p>\n

Hence answer will be D.<\/p>\n

7)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

Cost price per watch = 150
\nCost price for 1500 watches = $1500 \\times 150$ = 225000
\nTotal expense = 225000 + 30000 = 255000
\nSelling price for season = $1200 \\times 250$ = 300000
\nFor out of season = $300 \\times 100$ = 30000
\nTotal selling = 300000 + 30000 = 330000
\nProfit = 330000 – 255000 = 75000<\/p>\n

8)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

let’s say price of maruti car is x rs.
\nSales = y
\nrevenue = xy
\nChanged price = 1.3x
\nchanged value of sales = 0.8y
\nnew revenue = 1.04 xy
\nPercentage change in revenue = 4%<\/p>\n

9)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

Amount man gets after 1 year<\/p>\n

= $6000 + (\\frac{6000 \\times 5 \\times 1}{100}) – 1200$<\/p>\n

= $6000 + 300 – 1200 = 5100$<\/p>\n

$\\therefore$ Amount at the beginning of third year, i.e. after 2 years<\/p>\n

= $5100 + (\\frac{5100 \\times 5 \\times 1}{100}) – 1200$<\/p>\n

= $5100 + 255 – 1200 = 4155$<\/p>\n

10)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

Let the cost price of the article be Rs.100x.<\/p>\n

Marked price = Rs.130x<\/p>\n

S.P. of the article =\u00a0$\\ \\frac{\\ 130x\\times\\ 90}{100}$ = Rs.117x<\/p>\n

Actual percent profit\u00a0= $\\ \\frac{\\ 117-100}{100}\\times\\ 100$<\/p>\n

=17%<\/p>\n

D is the correct answer.<\/p>\n

Get 5 CMAT mocks for just Rs. 299. Enroll here<\/a><\/p>\n

Take a CMAT Free Mock Test <\/a><\/p>\n

We hope this Profit and Loss Questions PDF for CMAT with Solutions will be helpful to you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Profit and Loss Questions for CMAT Download important Profit and Loss Questions for CMAT PDF based on previously asked questions in the CMAT exam. Practice Profit and Loss Questions\u00a0 PDF for the CMAT exam. Question 1:\u00a0Rohit bought 20 soaps and 12 toothpastes. He marked-up the soaps by 15% on the cost price of each, and […]<\/p>\n","protected":false},"author":42,"featured_media":39949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[3,3433,3167,125,350,362,366],"tags":[1567,3451],"class_list":{"0":"post-39941","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cat","8":"category-cmat","9":"category-downloads-en","10":"category-featured","11":"category-iift","12":"category-snap","13":"category-xat","14":"tag-cmat","15":"tag-profit-and-loss-questions-for-cmat"},"better_featured_image":{"id":39949,"alt_text":"Profit and Loss Questions for CMAT","caption":"Profit and Loss Questions for CMAT\n","description":"Profit and Loss Questions for 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