MBA Entrance Exams Updates on Whatsapp & Email !Get Updates Now !
Amrut Mody School of Management - Admissions Open
Last Date to Apply - 14th April 2017
Vels University - Admissions Open 2017-19 for MBA Programmes
LM Thapar School Of Management - GD and PI of candidates shortlisted on 1st April 2017, Delhi
Jaipuria Institute of Management Excellent placement package with highest of 16.5 lacs per anum Apply Now
GITAM School of International Business Admissions Open PGP 2017-2019,PGDBA 2017-2018 Apply Here
CII School of Logistics - Apply for MBA in Supply Chain Management
SSIM - Apply for PGDM Admissions 2017
Adani Institute of Infrastructute Management - Last date of receiving filled-in applications is March 16, 2017
Apply at IBS Business School Nine Outstanding Campuses, One Amazing College
IFIM B School - Apply for Two year full-time PGDM program
GL Bajaj Institute of Management and Research - PGDM Admissions 2017
Apply Now !
Jaipuria Institute of Management - 21 years of excellence in management education Apply Now
Adani Institute of Infrastructute Management - AICTE Approved 2 Year Full Time PGDM Apply Now
Admissions open at Jaipuria Institute of Management for 2017 - 2019 Batch!
GITAM School of International Business - Last date to submit the online application form February 18, 2017
Enroll into the Global Management Programme , SPJIMRGMP and study in Top Business Schools of Europe
FORE School of Management Admissions open for PGDM, PGDM - IB 2017-19 Batch
Apply for PGDM program
Apply Now to GSIB
Published : Tuesday, 06 December , 2016 10:00 AM
MAT 2016 Test will be conducted on 11th December and note that exam will comprise of Mathematical Skills section will have 40 questions with allotted 40 marks and this can be differentiator hence, following questions with solutions will be very useful pertaining to Profit & loss in mathematical skills section :
If selling price is doubled the profit triples. Find the profit percent.
A. 66 2/3
C. 105 1/3
Answer : Option B
Let C.P be Rs. x and S.P be Rs. y.
Then, 3(y-x) = (2y-x) y = 2x.
Profit = Rs.(y-x) = Rs.(2x-x) = Rs. x.
Profit % = [(x/x)*100]% = 100%
In a certain store, the profit is 320% of the cost. If the cost increase by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
Answer : Option B
Let C.P = Rs. 100. Then profit = Rs. 320, S.P = Rs. 420.
New C.P = 125% of Rs. 100 = Rs. 125
New S.P = Rs. 420.
Profit = Rs.(420-125) = Rs. 295.
Required percentage = (295/420 * 100)% = 1475/21 % = 70% Approx.
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280.At what price should the article for Rs. 1280. At what price should the article be sold to make 25% profit?
A. Rs. 2000
B. Rs. 2200
C. Rs. 2400
D. Data inadequate
Answer : Option A
Let C.P be Rs. x.
Then, [(1920-x)/x]*100 = [(x-1280)/x]*100
1920 - x = x - 1280
2x = 3200
x = 1600
Required S.P = 125% of Rs. 1600 = Rs.(125/100)*1600 = Rs. 2000
Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He Sold each one of the rate of Rs. 33.What was his percentage profit?
Answer : Option C
Cost Price of 1 toy = Rs. (375/12) = Rs. 31.25
Selling Price of 1 toy = Rs. 33
So, Gain = Rs. (33- 31.25) = Rs. 1.75
Profit % = [(1.75/31.25) * 100] % = 28/5 % = 5.6 %
100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is :
A. 14 2/7 % gain
B. 15 % gain
C. 14 2/7% loss
D. 15 % loss
Answer: Option A
C.P of 1 orange = Rs. (350/100) = Rs. 3.50
S.P of 1 orange = Rs. (48/12) = Rs. 4
I.e. Gain % = (0.50/3.50 x 100)% = 100/7 % = 14 2/7%
Stay informed, Stay ahead and stay inspired with MBA Rendezvous