IMPORTANT QUESTIONS OF PROFIT AND LOSS

 

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 .AJAY offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed ?
A) 100%
B) 80%
C) 75%
D) 85%
E) None

 

 

2. Profit earned by anMNC is distributed among officers and clerks in the ratio of 5 : 3. If the number of officers is 55 and the number of clerks is 70 and the amount received by each officer is Rs12,000, what was the total amount of profit earned?
A) Rs11 Lakh
B) Rs12.25Lakh
C) Rs10.56Lakh
D) Rs16Lakh
E) None

 

3. The percentage profit earned by selling a TABLE 2120 is equal to the percentage loss incurred by selling the same article for Rs. 1520. At what price should the article be sold to make 25% profit?
A) Rs2275
B) Rs2100
C) Rs2650
D) Rs2400
E) None

 

4. A shopkeeper sells normal pen at the rate of Rs.35 each and earns a commission of 10%. He also sells Gel pen at the rate of Rs. 65 each and earns a commission of 20%. How much amount (in rupees) of commission will he earn in 2 weeks, if he sells 12 normal pen and 8 Gel pens a day?
A) 2100
B) 1850
C) 2044
D) 2680
E) None


5. Ram calculates  his profit % on the selling price whereas Bimal calculates  his  profit % on the cost price. They find that the difference of their profit is Rs 150. If the selling price of both of them are same and both of them get 20% profit, find their selling price (in rupees).
A) 2500
B) 3000
C) 3200
D) 4000
E) None

 

6. A dealer marked the price of an item 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 item to the mentioned

customer?

(a) ` 2416

(b) ` 2352

(c) ` 2268

(d) ` 2152

(e) ` 2578

 

7.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

 

8. A person sell two horses for rupees 480 each. On the first

horse he gains 25 percent and on the second horse 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

 

9. Rohit marked the price of an item 20% above cost price. He allowed two successive discounts of 20% and 25% to a customer. As a result he incurred a loss of Rs.1400. At what price (in rupees) did he sell the item to the customer?
A) 3600
B) 4200
C) 3850
D) 4125
E) None

 

 

10.Titan company sells a wrist watch to a wholesaler making a profit of 10%. The wholesaler, in turn, sells it to the retailer making a profit of 10%. A customer purchases it by paying Rs. 990. Thus the profit of retailer is 2(3/11)% What is the cost (in rupees) incurred by the the company to produce it?
A) 600
B) 700
C) 800
D) 900
E) None

ANSWERS

1 A

2 C

3 A

4 C

5 E

6 B

7 C

8 C

9 A

10  C