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.
1. Ram bought 15 kg of sugar and mixed 3 kg of salt in it.
If the price per kg of the mixture becomes ` 22, what is cost
price of the sugar per kg?
(a) ` 28.00
(b) ` 26.40
(c) ` 24.00
(d) ` 22.00
(e) None of these
2. The marked price of a goat is ` 18000. By selling it at a
discount of 20%, the loss is 4%. What is the cost price of
the goat?
(a) ` 10000
(b) ` 12000
(c) ` 14000
(d) ` 15000
(e) None of these
3. The price of a mango is ` 25. After two successive cuts by
the same percentage, the price becomes ` 20.25. If each time
the cut was z%, then
(a) z 9
(b) z 10
(c) z 11
(d) z 11.5
(e) None of these
4. The profit earned after selling a table for `878 is the same
as loss incurred after selling the table for `636. What is the
cost price of the table?
(a) ` 797
(b) ` 787
(c) ` 767
(d) ` 757
(e) None of these
5. A shopkeeper marked the price of apple 40% above the cost
price. Once he gave successive discounts of 20% and 25%
to a particular customer. As a result, he incurred a loss of
` 448. At what price did he sell the mango to the mentioned
customer?
(a) ` 2416
(b) ` 2352
(c) ` 2268
(d) ` 2152
(e) ` 2578
6. A TV is marked at `18,000. Ram bought it at
successive discounts of 25% and 10% respectively. He spent
`1,350 on its transportation to his shop and then sold the TV
for `15,000. What is Ram’s profit% in the whole
transaction?
(a)16 2/3%
(b) 28%
(c) 30%
(d)11 1/9%
(e) 20%
7. If Rohit estimates his loss as 10% of the selling price,
what is his real loss percent?
(a)100/8%
(b)100/11%
(c)100/13 %
(d)100/7%
(e) None of these
8. Shopkeeper Rohan purchased some goods for ` 900 and sold one third
of the goods at a loss of what 12%, then at gain %
should the remainder goods he sold to gain 18% profit on
the whole transaction ?
(a) 31%
(b) 26%
(c) 33%
(d) 18%
(e) None of these
9. Ram found that he had made a loss of 10% while selling
his laptop. He also found that had he sold it for Rs.50
more, he would have made a profit of 5%. The initial loss
was what percentage of the profit earned, had he sold the
laptop for a 5% profit ?
(a) 100%
(b) 200%
(c) 75%
(d) 85%
(e) None of the Above
10. Rohan sells two cows for rupees 480 each. On the first
Cow he gains 25 percent and on the second cow he losses
25 percent. Find the percent gain or loss in the transaction.
(a) loss 6.75%
(b) gain 6.75%
(c) loss 6.25%
(d) gain 6.25%
(e) None of these
Answer
1. (b)
2. (d)
3. (b)
4. (d)
5. (b)
6. (d)
7. (b)
8. (c)
9. (b)
10. (c)
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