Most aspirants are unlikely to disagree with the fact that it’s quantitative ability that is pivotal in most of the competitive examinations. In recent times it has got more prominence considering the fact that the cut-off has grown exponentially and it’s Mathematics that can help you secure the maximum marks provided correct approach and strategies are applied.
We make our best efforts to analyze and segregate those questions which are either based on new patterns or frequently repeated in last few years. Sincere efforts are required to be made to make sure these sums are solved within stipulated time because time management plays vital role in any exam particularly in Banking exams. There is prominent evidence to suggest that only precise strategies together with practicing relevant sums can help you break the cut-off barrier.
In other words, it’s not only how you solve but what you solve too can be deciding factor, that’s why we have attached some of the most prominent questions of PROFIT AND LOSS . Feel free to clarify, if you have any query, your inputs are always welcome.
horse at a gain of 20% and the carriage at a loss 10%, thereby
gaining 2% on the whole. Find the cost of the horse.
(a) ` 1000
(b) ` 1200
(c) ` 1500
(d) ` 1700
(e) None of these
2. Naresh purchased a TV set for `11,250 after getting discount
of 10% on the labelled price. He spent `150 on transport
and `800 on installation. At what price should it be sold so
that the profit earned would be 15% if no discount was
offered?
(a) `12,937.50
(b) `14,030
(c) ` 13,450
(d) `15,467.50
(e) None of these
3. Prathik sold a music system to Karthik at 20% and Karthik
sold it to Swasthik at 40% gain. If Swasthik paid ` 10,500 for
the music system, what amount did Prathik pay for the same?
(a) ` 8,240
(b) ` 7,500
(c) ` 6,250
(d) Cannot be determined
(e) None of these
4. An article was sold for ` 5220 at a loss of 42% of the cost
price. What will be the selling price of the article for a profit
of 42% ?
(a) ` 12580
(b) ` 17280
(c) ` 12780
(d) ` 15280
(e) None of these
5. A manufacturer sells a pair of glasses to a wholesale dealer
at a profit of 18%. The wholesaler sells the same to a retailer
at a profit of 20%. The retailer in turn sells them to a customer
for ` 30.09, thereby earning a profit of 25%. The cost price
for the manufacturer is
(a) ` 15
(b) ` 16
(c) ` 17
(d) ` 18
(e) None of these
6. A shopkeeper labelled the price of his articles so as to earn
a profit of 30% on the cost price. He then sold the articles by
offering a discount of 10% on the labelled price. What is the
actual percent profit earned in the deal?
(a) 18%
(b) 15%
(c) 20%
(d) Can’t be determined
(e) None of these
7. A person sold an article from ` 3600 and got a profit of 20%.
Had he sold the article for ` 3150, how much profit would
he have got?
(a) 4%
(b) 5%
(c) 6%
(d) 10%
(e) None of these
8. A man buys 4 tables and 5 chairs for ` 1000. If he sells the
tables at 10% profit and chairs 20% profit, he earns a profit
of ` 120. What is the cost of one table?
(a) ` 200
(b) ` 220
(c) ` 240
(d) ` 260
(e) None of these
9. A refrigerator and a camera were sold for ` 12000 each. The
refrigerator was sold at a loss of 20% of the cost and the
camera at a gain of 20% of the cost. The entire transaction
results in which one of the following?
(a) No loss or gain
(b) Loss of ` 1000
(c) Gain of ` 1000
(d) Loss of ` 2000
(e) None of these
10. If the cost price of 15 articles be equal to the selling price of
20 articles, then find the loss% in the transaction.
(a) 16%
(b) 20%
(c) 25%
(d) 26%
(e) None of these
Answer
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