Friday, 11 November 2016

AMCAT Previous Years Questions on Profit and Loss



Topics
Sub- Topics
Expected Ques

Basic Mathematics


       6 - 8 Questions


Applied Mathematics



      8 - 10 Questions


Engineering Mathematics


       8 - 10 Questions




Ques. An article was sold for Rs. 2770. Had it been sold for Rs. 3000 there would have been an additional

gain of 10%. Cost Price of the article is:

Op 1: Rs. 2100

Op 2: Rs. 2200

Op 3: Rs. 2300

Op 4: Rs. 2400

Op 5: None of these

Correct Op : 3

Ques. Rakesh buys a scooter worth Rs. 10,000. He sells it to Mohan at a profit of 10%. If after sometime

Mohan sells it back to Rakesh at a loss of 10%, then totally:

Op 1: Rakesh loses Rs. 100

Op 2: Rakesh loses Rs. 1100

Op 3: Rakesh gains Rs. 100

Op 4: Rakesh gains Rs. 1100

Op 5: None of these

Correct Op : 4

Ques. The list price of an electric iron is Rs. 300. If two successive discounts of 15% and 10% are allowed,

its selling price will be:

Op 1: Rs. 229.50

Op 2: Rs.231.50

Op 3: Rs.232.50

Op 4: Rs. 234.50

Op 5: None of these

Correct Op : 1

Ques. The rate of compound interest at which a sum of Rs. 8000 amounts to Rs. 8820 in 2 years, is:

Op 1: 5%

Op 2: 4%

Op 3: 6%

Op 4: 7%

Op 5: None of these

Correct Op : 1

Ques. Prabodh bought 30 kg of rice at the rate of Rs. 8.50 per kg and 20 kg of rice at the rate of Rs. 9.00

per kg. He mixed the two. At what price (App.) per kg should he sell the mixture in order to get 20%

profit?

Op 1: Rs. 9.50

Op 2: Rs. 8.50

Op 3: Rs. 10.50

Op 4: Rs. 12.00

Op 5:

Correct Op : 3

Ques. The cash price of a television is Rs. 4022. A customer paid Rs. 1500 in cash and promised to pay

the remaining money in 3 monthly equal instalments at the rate of 5% per annum compound interest.

What is the value of each instalment?

Op 1: Rs. 926.10

Op 2: Rs. 903.33

Op 3: Rs. 928.30

Op 4: Rs. 940.50

Op 5:

Correct Op : 1

Ques. The population of a village decreases at the rate of 20% per annum. If its population 2 years ago

was 10000, what is its present population?

Op 1: 6000

Op 2: 10000/144

Op 3: 6400

Op 4: 7600

Op 5:

Correct Op : 3

Ques. A certain sum of money at simple interest becomes Rs. 1062 in 2 years and Rs. 1183.50 in 31⁄2

years. What is rate of interest per annum?

Op 1: 7%

Op 2: 6%

Op 3: 9%

Op 4: 5%

Op 5:

Correct Op : 3

Ques. If the simple interest on a sum at 4% per annum for 2 years is Rs. 80, then the compound interest

on the same sum for the same period is:

Op 1: Rs. 86.80

Op 2: Rs. 86.10

Op 3: Rs. 88.65

Op 4: Rs. 81.60

Op 5:

Correct Op : 4

Ques. A man covers a distance of 1200 km in 70 days resting 9 hours a day, if he rests 10 hours a day and

walks with speed 11⁄2 times of the previous in how many days will he cover 750 km?

Op 1: 30

Op 2: 31.25

Op 3: 31

Op 4: 33

Op 5:

Correct Op : 2

Ques. A man bought a number of clips at 3 for a rupee and an equal number at 2 for a rupee. At what

price per dozen should he sell them to make a profit of 20% ?

Op 1: Rs 4

Op 2: Rs 5

Op 3: Rs 6

Op 4: Rs 7

Op 5:

Correct Op : 3

Ques. Padam purchased 30 kg of rice at the rate of 17.50 per kg and another 30 kg rice at a certain rate.

He mixed the two and sold the entire quantity at the rate of Rs. 18.60 per kg and made 20% overall

profit. At what price per kg did he purchase the lot

Op 1: Rs.12.50

Op 2: Rs. 13.50

Op 3: Rs. 14.50

Op 4: Rs. 15.50

Op 5: None of these

Correct Op : 2

Ques. The manufacturer of a certain item can sell all he can produce at the selling price of Rs. 60 each. It

costs him Rs. 40 in materials and labour to produce each item and he has overhead expenses of Rs. 3000

per week in order to operate the plant. The numb

Op 1: 200

Op 2: 250

Op 3: 300

Op 4: 400

Op 5:

Correct Op : 1

Ques. A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225 for it, the

cost price of the bicycle for A is:

Op 1: Rs. 110

Op 2: Rs.120

Op 3: Rs. 125

Op 4: Rs. 150

Op 5:

Correct Op : 4

Ques. If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the

article is:

Op 1: Rs. 50

Op 2: Rs. 160

Op 3: Rs. 200

Op 4: Rs. 225

Op 5:

Correct Op : 3

Ques. Consider the following statements : If a sum of money is lent at simple interest, then the

1. Money gets doubled in 5 years if the rate of interest is 50/3 %.

2. Money gets doubled in 5 years if the rate of interest is 20%.

3. Money becomes

Op 1: 1 and 3 are correct

Op 2: 2 alone is correct

Op 3: 3 alone is correct

Op 4: 2 and 3 are correct

Op 5:

Correct Op : 2

Ques. The difference between simple interest and compound interest on Rs.1200 for one year at 10%

per annum reckoned half-yearly is:

Op 1: Rs. 2.50

Op 2: Rs. 3

Op 3: Rs. 3.75

Op 4: Rs. 4

Op 5: None of these

Correct Op : 2

Ques. A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs. 482

more, if the interest was payable half-yearly than if it was payable annually. The sum is:

Op 1: Rs. 10,000

Op 2: Rs. 20,000

Op 3: Rs. 40,000

Op 4: Rs. 50,000

Op 5:

Correct Op : 2

Ques. The simple interest on Rs. 10 for 4 months at the rate of 3 paise per rupee per month is:

Op 1: Rs. 1.20

Op 2: Rs. 1.60

Op 3: Rs. 2.40

Op 4: Rs. 3.60

Op 5:

Correct Op : 1

Ques. If the compound interest on a sum for 2 years at 25/2 % per annum is Rs. 510, the simple interest

on the same sum at the same rate for the same period of time is:

Op 1: Rs. 400

Op 2: Rs. 450

Op 3: Rs. 460

Op 4: Rs. 480

Op 5:

Correct Op : 4

Ques. I started on my bicycle at 7 a.m. to reach a certain place. After going a certain distance, my bicycle

went out of order. Consequently, I rested for 35 minutes and came back to my house walking all the

way. I reached my house at 1 p.m. If my cycling s

Op 1: 4.92 km

Op 2: 13.44 km

Op 3: 14.375 km

Op 4: 15.476 km

Op 5:

Correct Op : 1

Ques. A bag contains 10-paisa, 20-paisa and 25-paisa coins in the ratio 7:4:3. If the total value is Rs. 90,

the number of 25-paisa coins in the bag is:

Op 1: 120

Op 2: 160

Op 3: 280

Op 4: 300

Op 5:

Correct Op : 1
Ques. In approximately how many years will a certain sum of money triple itself at 22% simple interest?

Op 1: 10 years

Op 2: 11 years

Op 3: 9 years

Op 4: 12 years

Op 5:

Correct Op : 3


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