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NIMCET Previous Year Questions (PYQs)
NIMCET Profit Loss And Discount PYQ
After allowing 20% cash discount, a
trader still earns a profit of 11.11%. How much above the cost price, the
trader marks his goods?
Go to Discussion
Solution
Profit & Discount Problem: Marked Price vs Cost Price
Given:
- Cash Discount = 20%
- Profit = 11.11% (i.e., 1/9 of Cost Price)
Step-by-Step:
- Assume Cost Price = ₹100
- Then Selling Price = ₹111.11
- SP = 80% of Marked Price ⇒ MP = (111.11 × 100) / 80 = ₹138.89
- Markup = ₹138.89 − ₹100 = ₹38.89
✅ Final Answer: The trader marks the goods 38.89% above the cost price.
Aryan bought 100 shares of a company
at Rs. 50 per share. He paid a brokerage fee of 2% on the purchase. Later, he
sold all the shares at Rs. 55 per share and paid a brokerage fee of 2% on the sale.
What is Aryan’s net profit percentage on his investment?
Go to Discussion
Solution
Share Market Math: Net Profit with Brokerage
Buying:
- 100 shares at ₹50 each = ₹5,000
- Brokerage (2%) = ₹100
- Total Cost Price = ₹5,100
Selling:
- 100 shares at ₹55 each = ₹5,500
- Brokerage (2%) = ₹110
- Net Selling Price = ₹5,390
Profit:
- Profit = ₹5,390 − ₹5,100 = ₹290
- Profit % = (290 / 5100) × 100 ≈ 5.69%
✅ Final Answer: Net profit percentage is 5.69%
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