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.
At what price should he have sold the item to have gained
a profit of 45%?
(a) ` 10,900
(b) ` 12,620
(c) ` 11,890
(d) Cannot be determined
(e) None of these
DIRECTIONS (Qs. 2-4) : Study the information given below
and answer the questions that follow :
An article was bought for ` 5600. Its price was marked up by 12%.
Thereafter it was sold at a discount of 5% on the market price.
2. What was the market price of the article ?
(a) ` 6207/-
(b) ` 6242/-
(c) ` 6292/-
(d) ` 6192/-
(e) ` 6272/–
3. What was the percent profit on the transaction ?
(a) 6.8%
(b) 6.3%
(c) 6.4%
(d) 6.6%
(e) 6.2%
4. What was the amount of discount given ?
(a) ` 319.6
(b) ` 303.6
(c) ` 306.3
(d) ` 313.6
(e) ` 316.9
5. 21 articles were bought for ` 6531 and sold for ` 9954. How
much was the approximate profit percentage per article ?
(a) 56%
(b) 43%
(c) 52%
(d) 49%
(e) 61%
6. The cost price of an article is ` 1700. If it was sold at a
price of ` 2006, what was the percentage profit on the
transaction ?
(a) 18
(b) 12
(c) 10
(d) 15
(e) 20
7. Meera purchased 23 bracelets at the rate of `160 per bracelet.
At what rate per bracelet should she sell the bracelets so
that profit earned is 15% ?
(a) ` 184/-
(b) ` 186/-
(c) ` 192/-
(d) ` 198/-
(e) None of these
8. A certain number of capsules were purchased for ` 216,15
more capsules could have been purchased in the same
amount if each capsule was cheaper by ` 10. What was the
number of capsules purchased?
(a) 6
(b) 14
(c) 8
(d) 12
(e) 9
9. Pure milk costs ` 16 per litre. After adding water the milkman
sells the mixture ` 15 per litre and thereby makes a profit of
25%. In what respective ratio does he mix milk with water?
(a) 3 : 1
(b) 4 : 3
(c) 3 : 2
(d) 5 : 3
(e) 4 : 1
10. Manish brought 25 kg of rice at ` 32 per kg and 15 kg of rice
at ` 36 per kg. what profit did he get when he mixed the two
varieties together and sold it at ` 40.20 per kg?
(a) 25%
(b) 40%
(c) 30%
(d) 20%
(e) None of these
ANSWER
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