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Quantitative Aptitude
Percentage - 3
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Installments

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A man borrows Rs 6000 at 5% interest, on reducing balance, at the start of the year. If
he repays Rs 1200 at the end of each year, find the amount of loan outstanding, in

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Rs. at the beginning of the third year. (XAT 2012)

(1) 3162.75 (2) 4125.00

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(3) 4155.00

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(4) 5100.00

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Question – 1
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A cellphone is available for Rs. 39000 cash or Rs. 6000 cash down payment followed
by 4 equal monthly installments at 24% p.a. compound interest, compounded monthly.

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Find the value of each installment.
(1) 12000 (2) 15320
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(3) 9640

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(4) None

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Question – 2
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Profit, Loss and Discount

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Rehman buys a few apples at 15 for a rupee and the same number of apples at 20 for a
rupee. He mixes the two lots and sells them at 35 for 2 rupees. What is his gain or loss

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percentage?
(1) 3.62% loss
(3) No profit, no loss
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(2) 2.04% profit
(4) 2.04% loss

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Question – 3
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A trader marked the price of his goods 20% more than that of the cost price. He then

and the rest at a discount of 25%. Find his gain percentage.

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sells 1/4 of his stock at a discount of 10%, and half of the stock at the marked price,

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(1) 18% (2) 9.5% (3) 12% (4) 2.25%

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Question – 4
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The aggregate cost of 2 apples, 3 mangoes and 4 oranges is Rs. 6 more than the

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aggregate cost 1 apple, 2 mangoes and 2 oranges, and the aggregate cost of 1 apple,
2 mangoes and 1 orange is Rs. 8 less than the aggregate cost of 3 apples, 3 mangoes
and 5 oranges. If the aggregate list price of 3 apples, 1 mango and 6 oranges is Rs. 12,

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then find how much percent discount one should give on the sale of 3 apples, 1 mango
and 6 oranges such that there is a net profit of 5%?

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(1) 10% (2) 7.5% (3) 15% (4) 12.5%

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Question – 5
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Mr Alphonso buys 2 lots of mangoes. The first lot costs him Rs. 30 per dozen and the

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second lot Rs. 50 per dozen. He sold all the mangoes at Rs. 40 per dozen. Find his
profit or loss percentage if he spent the same amount of money on each of the lots.

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(1) 6.66% loss (2) 6.67% profit (3) 5% profit (4) 5% loss

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Question – 6
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A retail bookseller buys books at 58% of the list price. He expects to earn a minimum of

his customer?

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20% net profit on his selling price. What is the maximum discount that he can offer to

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(1) 31.6% (2) 25.5% (3) 27.5% (4) 30%

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Question – 7
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If a shopkeeper offers a discount of 20% on the list price of a washing machine, then he

25% on the list price?

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makes a profit of 12%. What is the percentage profit or loss, if he sells at a discount of

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(1) 0.6% loss (2) 0.5% profit (3) 4.25% loss (4) 5% profit

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Question – 8
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By selling 6 dozen oranges, a person incures a loss which is equal to selling price of 1
dozen oranges. Find his loss percentage?
(1) 14.28% loss (2) 12.25% loss (3) 16.66% loss
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(4) 14.66% loss

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Question – 9
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A television set listed at Rs. 3,200 is sold to a retailer at sucessive discounts of 25%

(1) Rs. 2,700 (2) Rs. 2,040 (3) Rs. 2,584 s

and 15%. What is the final amount paid by retailer of that television set?

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(4) None of these

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Question – 10
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Two horses were sold for Rs. 12,000 each, one at a loss of 20% and the other at a gain
of 20%. The entire transaction resulted in
(1) no loss no gain (2) loss of Rs. 1,000
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(3) gain of Rs. 1,000
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(4) None of these

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Question – 11
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A man sells an article at a profit of 20%. If he had bought it at 20% less and sold it for

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Rs. 5 less, he would have gained 25%. Find the cost price (in Rs.) of the article.

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Question – 12
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If cost price of 4 articles is equal to selling price of 5 articles, then find the profit/loss
percentage.
(1) 20% loss (2) 25% profit (3) 25% loss
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(4) None of these

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Question – 13
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The cost of manufacturing a commodity increased by 20%. A trader who did not revise

cost price (in Rs.)?

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the selling price noted that there was a drop of Rs.20 in his profit. What was the original

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Question – 14
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A man buys shares at a discount of Rs. x. Later he sold all but 10 of the shares he

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purchased at a premium of Rs. x. If his investment was Rs. 4,500 and proceeds from
the sale were Rs. 6,250, then how many shares did he buy originally? [Assume the face
value of shares as Rs. 100.]

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Question – 15
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A shopkeeper marks an item for sale at Rs. 850 and then gives a discount of 20% on it.

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The item cost the shopkeeper Rs. 500 when he purchased the same from the
wholesale. What is the profit (in percentage) earned by the shopkeeper?

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Question – 16
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The Santabil shop offers that get a T-shirt free on the purchase of every three T-shirts.

then what is the profit or loss percentage for the store?

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But they mark-up the price of the T-shirts by 60%. If a customer buys three T-shirts,

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Question – 17
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Given that the cost price of 10 oranges is equal to the cost price of 1 kg of apples and

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the cost price of 12 apples is equal to the cost price of 1 kg of oranges. If the selling
price of 15 oranges is equal to the selling price of 1 kg of apples, then the selling price
of 1 kg of oranges is equal to selling price of (Assume that all the apples are identical
and this holds true for the oranges as well.)
(1) 8 apples (2) 9 apples
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(3) 10 apples (4) 12 apples

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Question – 18
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On giving 3 pencils free with every 5 pens bought, a shopkeeper makes a profit of 20%

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and on giving 6 pencils free with every 2 pens bought, he suffers a loss of 25%. Find
the approximate profit percent made by the shopkeeper when he gives 4 pencils free
with every 6 pens bought. (Assume that the pencils are identical and the same applies
to the pens.)
(1) 18% (2) 20%
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(3) 24% (4) 16%

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Question – 19
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A merchant has 100 kg of sugar, a part of which he sells at 7% profit and the rest at

(1) 70 kg (2) 50 kg (3) 35 kg s

17% profit. He gains 10% on the whole. How much is sold at 17% profit?

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(4) 30 kg

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Question – 20
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A company had been selling its pianos at a discount of 20% on the marked price of

could be sold for Rs. 234. What was the second discount allowed?

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Rs. 325. To increase its sales, it decided to allow an additional discount so that a piano

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(1) 7% (2) 8% (3) 9% (4) 10%

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Question – 21
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A merchant uses a weight of 0.85 Kg in place of 1 Kg to sell potatoes. Let his actual %

(1) 400 (2) 500 (3) 600

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profit or loss to be ‘m’ when he pretends to sell his articles at 5% loss and ‘n’ when he
pretends to sell his articles at 5% gain. Find the value of (m + n).
(4) 800
17 17

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Question – 22
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I bought 5 pens, 7 pencils and 4 erasers. Rajan bought 6 pens, 8 erasers and 14

the total amount spent by me was spent on the pens?

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pencils for an amount which was 50% more than what I had paid. What percentage of

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(1) 37.5% (2) 56.5% (3) 50% (4) 62.5%

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Question – 23
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A machine produces articles at the rate of 50 units per hour. The articles are sold for

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Rs. 100 each and the cost of production is Rs. 40 each. However, 20% of the articles
have some defect and thus cannot be sold. The production rate of machine can be
increased, but every increase of x units per hour would increase the production cost by

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2x% and the number of defectives would become (20 + 1.5x)%.
What is the maximum increase in production that can be undertaken without incurring

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losses?
(1) 14 units (2) 15 units (3) 16 units (4) 17 units

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Question – 24
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A shopkeeper sold two items at the same selling price. He made a loss on one item and

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made a profit on the other. The profit and loss percentage on the two items are 10 %
and 20 %, not necessarily in that order. Find the net profit percentage for the
shopkeeper given that he made a profit in the entire transaction.
(1) 3% (2) 3.16%

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(3) 3.56% (4) 2.86%

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Question – 25
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A book was sold for a certain sum and there was a loss of 20%. Had it been sold for

the profit/loss percentage would have been

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Rs. 3 more, then there would have been a profit of 30%. If it was sold for Rs. 6.60, then

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(1) Profit 10% (2) Profit 8.33% (3) Loss 8.33% (4) Loss 10%

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Question – 26
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The different heads on which expenditure incurred in manufacturing a product, are

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material, man power and overheads cost. These costs are in the ratio 9 : 5 : 11
respectively. If the profit made on the product is 20% of the total cost, what is the ratio
of the man power cost to profit?
(1) 3 : 5 (2) 1 : 1

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(3) 1 : 7 (4) 7 : 11

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Question – 27
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Faulty weights

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claims to sell at cost price?
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The spring balance of a trader weighed 800 g for 1 kg. What is the net result, if he

(1) 25% loss (2) 25% profit (3) 20% loss

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(4) 20% profit

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Question – 28
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A shopkeeper goes to the wholesale market to buy his merchandise. The wholesaler

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has a weighing balance that reads 1,100 g for a kilogram. The shopkeeper sells the
entire purchase to a customer after marking up his by 10%. What is his net profit or loss
percentage?
(1) 20% profit (2) 1.09% profit

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(3) 1.09% loss (4) No profit, no loss

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Question – 29
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A dishonest dealer claims to sell a product at its cost price. He uses a counterfeit weight

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which is 20% less than the real weight. Further greed overtakes him and he adds 20%
impurities to the product. Find the net profit percentage of the dealer?

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(1) 44% (2) 40% (3) 50% (4) 56.25%

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Question – 30