Collection of GMAT questions about percentages and profit & loss. Good luck!
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A man spends 70% of his salary on food expenses, 40% of the rest on traveling expenses, 90% of the rest on house rent and was finally left with $3600. How much did he spend on traveling expenses?
A. 24000
B. 18000
C. 25000
D. 22000
E. 20000
A certain amount of solution contains 18% alcohol. 8 litres of the solution is taken out and replaced with water. The resultant solution contains 15% alcohol. Find the volume(in litres) of the solution
A. 40
B. 50
C. 48
D. 44
E. None of these
Mr. X sold an article at 10% loss. Had he bought it for 20% less and sold it for $77 more he would have gained 30%. Find its Cost Price?
A. $500
B. $650
C. $550
D. $600
What profit percentage is obtained by selling an article at certain price if by selling at 2/3 of that price there is a loss of 16%?
A. 24%
B. 26%
C. 20%
D. 22%
Mr. Peter purchases an article at a discount of 20%, sells it at $60 more than its marked priced and thus gained 50%. Find the Marked Price of the article.
A. $180
B. $300
C. $100
D. $280
E. $320
Mr.John used to purchase certain number of mangoes for $360. Since the price of mangoes is reduced by 10% he got 12 more mangoes today. Find the original price of 120 mangoes.
A. $400
B. $380
C. $396
D. $412
E. $360
A shopkeeper increases the price of an article by X% and then decreases it by X%. As a result the price of the article is reduced by $180. After one more such change the price is further reduced by $153 Find the original price of the article.
A. $1200
B. $1100
C. $1400
D. $1000
E. $1500
A man sold 20 articles for $60 and gained 20%. How many articles should he sell for $90 to incur a loss 20%?
A. 45
B. 36
C. 40
D. 50
E. 48
A man purchases every 11 articles for $10 and sells every 10 articles for $11. How many articles should he sell to gain $63?
A. 300
B. 550
C. 440
D. 220
A man sold two books at the same price. On the first book he gained 20% and on the second he gained 30%. By what percent is the cost price of first book more than that of the cost price of the second book?
A. 33.33%
B. 8.33%
C. 28.56%
D. 14.28%
E. 16.66%
A dealer decides to sell his goods at Cost Price but still gains 25%. How many grams does he give instead of a kg?
A. 800 gms
B. 750 gms
C. 850 gms
D. 820 gms
A milk vendor sells milk at Cost Price but still gains 20%. Find the ratio of milk and water in every gallon that he sells.
A. 4:1
B. 5:1
C. 5:2
D. 6:1
A single discount % equal to three successive discounts of 30%, 20% and 10%.
A. 49.6%
B. 50.4%
C. 40%
D. 60%
Cost Price of an article is $380. It is sold at a loss of 3%. Had it been sold for another $19 more what would have been the gain/loss % ?
A. 3% gain
B. 2% gain
C. No profit, No loss
D. 5% gain
A man sold two books at $1820 each. On the first book he gained 30% and on the other he lost 30%. Find the combined cost price of both the books.
A. $3800
B. $4000
C. $4200
D. $4500
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