# CMAT Profit, Loss and Interest questions

## CMAT 2023 Profit, Loss and Interest questions

#### Question 1

Given below are two statements :
Statement I: A savings account at Bank A pays 6.2% interest, compounded annually. Bank B's savings account pays 6% compounded semi-annually. Bank B is paying less total interest each year.
Statement II: A sum of money at a certain rate of compound interest doubles in 3 years. In 9 years, it will be P times original principal. Then P = 9.
In the light of the above statements, choose the correct answer from the options given below.

#### Question 2

Given below are two statements:
Statement I : The difference between the cost price and sale price of an article is ₹ 240. If the profit is 20%, then the selling price is ₹ 1440.
Statement II: If the cost price of 10 DVDs is equal to the selling price of 7 DVDs, then the gain percent is $$42\frac{6}{7}%$$
In the light of the above statements, choose the most appropriate answer from the options given below:

#### Question 3

The simple interest accrued on a sum of certain principal in 8 years at the rate of 13% per year is ₹6500. What would be the compound interest accrued on that principal at the rate of 8% per year in 2 years?

#### Question 4

If the selling price of 320 Web Cameras is equal to the cost price of 400 Web Cameras, then the percentage profit is :

#### Question 5

A certain sum of money earns a simple interest of ₹ 800 over 2-year period. The same sum of money invested at the same rate of interest and same period on a compound interest basis earns an interest of ₹ 900. What is the sum?

## CMAT 2022 Profit, Loss and Interest questions

#### Question 1

Four sheep farmers rented a pasture, Anil grazed his 24 sheep for 3 months, Bimal 10 sheep for 5 months, Champak 35 sheep for 4 months and Damodar 21 sheep for 3 months,. If Anil’s share of rent is Rs. 720, find the total rent of the pasture :

#### Question 2

If the cost price is 80% of the selling price, then what is the profit in percentage?

#### Question 3

A man borrows Rs 4000 at 15% compound interest. At the end of each year, he pays back Rs 1500. How much additional amount is required to pay at the end of third year to clear all his dues :

## CMAT 2021 Profit, Loss and Interest questions

#### Question 1

A started a business with Rs. 50000. After three months, B joins with an investment of Rs. 60000 and A withdraws Rs. 10000 out of his capital. Three months later, B brought in Rs. 20000 more. At the end of the year, what should be the ratio in which they A and B share the profits?

#### Question 2

Mohan bought a trouser at 10% discount and sold it to Sohan at a loss of 10%. If Sohan paid Rs. 729 for the trouser to Mohan, then what was the undiscounted price of the trouser?

#### Question 3

A shopkeeper claims to sell rice at cost price. He uses a false weight with the intention of selling rice at 25% profit. After selling Rice to a customer, he realizes that the customer has paid 10% less than what he should have paid. What is the actual profit percentage made by the shopkeeper?

#### Question 4

In the year 2020, Production of Sugar (in Million Tonnes) by six major production units A-F of India are shown in the table given below:

What was approximate percentage decrease in sugar production of unit B in June as compared to April?

#### Question 5

The difference between the compound interest and simple interest for the amount Rs 5000/- in 2 years is Rs. 32. Then the rate of interest per annum is:

#### Question 6

The difference between the compound interest and simple interest for two years on a certain sum at a certain rate of interest is Rs. 64. The compound interest for two years is Rs. 704. The principal is

## CMAT 2020 Profit, Loss and Interest questions

#### Question 1

25,000/- is borrowed at compound interest at the rate of 3% for first year, 4% for $$2^{nd}$$ year and 5% for $$3^{rd}$$ year. Find the amount to be paid after 3 years.

#### Question 2

Two successive discounts of 8% and 12% are equal to a single discount of:

#### Question 3

A shopkeeper marks his books at 25% above the cost price. Due to slump in the market, his cost reduces by 5%. And then,to boost his sale, he offered a discount of 8% due to which sales goes up by 25%. Compute the change in the shopkeepers profit.

#### Question 4

A company publishes to its customers that at a certain compound interest rate, a sum of money deposited by anyone will become 8 times in 3 years. If the same amount is deposited at the same compound rate of interest, then in how many years will it become 16 times ?

## CMAT 2018 Profit, Loss and Interest questions

#### Question 1

In what time will Rs. 6,250 amount to Rs. 6,632.55 at 4% compound interest payable half-yearly?

#### Question 2

By selling mangoes at the rate of 64 for Rs. 2,000, the vendor loses 40%. How many should he sell for Rs.1000 so as to gain 20%?