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.
(a) `13,800
(b) `12,500
(c) `11,200
(d) Cannot be determined
(e) None of these
2. Piyali earned a profit of 30 per cent on selling an article for `6,110. What was the cost price of the article?
(a) `5,725
(b) `4,080
(c) `5,250
(d) `4,400
(e) None of these
3. Sumit incurred a loss of 45 percent on selling an article for `3,740. What was the cost price of the article?
(a) `5,725
(b) `5,080
(c) `6,250
(d) `6,400
(e) None of these
4. Mridul sold an item for `5,625 and incurred a loss of 25%. At what price should he have sold the item to gain a profit of 25%?
(a) `9,375
(b) `10,500
(c) `8,250
(d) Cannot be determined
(e) None of these
5. Krishna sold an item for ` 6,500 and incurred a loss of 20%. At what price should he have sold the item to have gained a profit of 20%?
(a) `10,375
(b) ` 9,750
(c) ` 8,125
(d) Cannot be determined
(e) None of these
6. Mohit incurred a loss of 40 percent on selling an article for ` 5,700. What was the cost price of the article?
(a) ` 7,725
(b) ` 9,080
(c) ` 8,250
(d) ` 9,400
(e) None of these
7. Raju sold an item for ` 6,384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%?
(a) `14,656
(b) `11,856
(c) `13,544
(d) Cannot be determined
(e) None of these
8. A dishonest dealer prefers to sell his goods at cost price but uses less weight for a kg weight and gains 4(1/6)%.What does he use for a kg weight?
(a) 950 gm
(b) 980 gm
(c) 960 gm
(d) 840 gm
(e) None of these
9. 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 per cent profit earned in the deal?
(a) 18%
(b) 15%
(c) 20%
(d) Cannot be determined
(e) None of these
10. The owner of an electronic store charges his customer 11 % more than the cost price. If a customer paid `1,33,200 for an LED T.V., then what was the original price of the T. V. ?
(a) ` 1,20,000
(b) ` 1,14,500
(c) ` 1,22,500
(d) ` 1,18,000
(e) None of these
ANSWER
1 B
2 E
3 E
4 A
5 B
6 E
7 B
8 C
9 E
10 A
