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Best Mock Quiz for GRE Students
Tarun Saneja received a 30% discount from a wholesaler on the labeled price of an article and sold it for Rs. 8,750, making a 25% profit on his purchase price. What was the labeled price (Rs)?
(a) 10,000
(b) 12,000
(c) 13,000
(d) 14,000
(e) None of these
Option a – 10,000
Naval purchased oranges at Rs. 5 per dozen for one batch and Rs. 4 per dozen for an equal quantity in another batch. He sold them at Rs. 5.50 per dozen and made a profit of Rs. 50. How many dozens of oranges did he buy in total?
(a) 30
(b) 40
(c) 50
(d) 60
(e) None of these
Option c – 50
Roor Chand, a well-known trader of Suchan Kotli, cheated by 10% both while buying and selling through false weights. What was his overall profit percentage?
(a) 20
(b) 21
(c) 22
(d) 23
(e) None of these
Option c – 22
The cost price of 25 articles equals the selling price of ‘K’ articles. If the profit is one-third of the cost, what is the value of K?
(a) 15
(b) 20
(c) 50
(d) 25
(e) None of these
Option a – 15
The percentage profit made by Mr. Bania when selling an article for Rs. 1,920 is equal to the percentage loss when selling it for Rs. 1,280. At what price should it be sold to make a 25% profit?
(a) 2000
(b) 2200
(c) 2400
(d) Data inadequate
(e) None of these
Option a – 2000
Books from the Simplified Series were bought at prices between Rs. 400 and Rs. 650 and sold between Rs. 500 and Rs. 725. What is the highest possible profit M/s Sanjay Book Depot could make by selling eight books?
(a) 3,600
(b) 1,200
(c) 2,600
(d) 2,900
(e) None of these
Option c – 2,600
If the cost price of 12 pens equals the selling price of 8 pens, what is the profit percentage?
(a) 12
(b) 30
(c) 50
(d) 60
(e) None of these
Option c – 50
Bittu Kataria claims to sell goods at cost price but uses a false weight of 800 gm instead of a full kilogram. What is his profit percentage?
(a) 18
(b) 40
(c) 25
(d) 20
(e) None of these
Option c – 25
Prashant bought a car at a 10% discount from its original price and sold it at a 30% profit on the purchase price. What was his percentage profit on the original price?
(a) 17
(b) 16
(c) 18
(d) 14
(e) None of these
Option a – 17
If Ramesh Kumar reduces the selling price of an item from Rs. 400 to Rs. 380, his loss increases by 2%. What is the cost price of the item?
(a) 1700
(b) 1600
(c) 1800
(d) 1000
(e) None of these
Option d – 1000
Abhishek marked an item at 35% above cost price. To keep up with market trends, he offers discounts. What is the maximum discount percentage he can allow while still making an 8% profit?
(a) 30
(b) 25
(c) 20
(d) 27
(e) None of these
Option c – 20
Achla bought a Computer at a 15% discount on its labeled price. She sold it for Rs. 2880, making a 20% profit on the labeled price. At what price did she purchase it?
(a) 3000
(b) 2080
(c) 2040
(d) 2000
(e) None of these
Option c – 2040
An article was sold for Rs. 27.50 with a profit of 10%. If it had been sold for Rs. 25.75, what would have been the profit or loss percentage?
(a) 3
(b) 2
(c) 4
(d) 5
(e) None of these
Option a – 3
If the selling price of an article is Rs. 250 and the profit percentage is 25%, find the ratio of cost price to selling price.
(a) 5 : 3
(b) 3 : 5
(c) 4 : 5
(d) 5 : 4
(e) None of these
Option c – 4 : 5
M/s Amritdharis sold two houses at Rs. 19.95 lakhs each, making a 5% profit on one and a 5% loss on the other. What was the overall gain or loss?
(a) 25,000
(b) 30,000
(c) (-) 40,000
(d) (-) 25,000
(e) None of these
Option a – 25,000
Makhan Singh purchased a machine for Rs. 80,000 and spent Rs. 5,000 on repairs and Rs. 1,000 on Transport. He sold it at a 25% profit. At what price did he sell the machine?
(a) 1,07,000
(b) 1,07,500
(c) 1,08,500
(d) 1,06,000
(e) None of these
Option b – 1,07,500
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