Profit & Loss

Dear Reader, Below you will find important formulas of profit & loss problems. Following that you will find solved questions. These questions will help you in preparation for all bank exams including IBPS, SBI, RRB and other banks. Introduction...
Points to remember: Gain = (S.P.) - (C.P.) Loss = (C.P.) - (S.P.) where s.p = selling price and c.p = cost price Gain Percentage: (Gain %) Loss Percentage: (Loss %) Gain % = Gain x 100 / c.p Loss % = Loss x 100 / c.p If an article is sold at a...
Question 1 A seller expects a gain of 25% on his cost price. If in a month, his sale was Rs.8000, what was his profit? a) Rs.1000 b) Rs.2000 c) Rs.1600 d) Rs.2600 Answer : c) Rs.1600 Solution : The seller expects a gain of 25% on cost price....
Question 1 A man buys a system table for Rs.800 and sells it for Rs.1200. Find his gain percentage. a) 25 b) 50 c) 75 c) 80 Answer : b) 50 Solution : The cost price(C.P) of the table = Rs.800 Selling price(S.P) = Rs.1200 Gain = S.P - C.P = 1200 -...
Question 1 A seller gains the cost of 40 dozen apples by selling 25 dozen of apples. Then the gain percent is: a) 60% b) 40% c) 48% d) 56% Answer : a)60% Solution : Given that the cost price(CP) of 40 dozen of apples is equal to selling of 25 dozen...
Question 1 A man bought some goods for Rs.11,200 and sold them at 3/8 th of its cost price. Find whether he had earned profit or loss(Percentage) ? a) Loss of 62.5 % b) Gain of 62.5 % c) Loss of 12.4% d) None of these. Answer : a) Loss of 62.5 %...
Question 1 A shopkeeper bought 480 gift articles at the rate of Rs. 18000. He sold each one of them at the rate of Rs. 66. What was his profit percentage? a) 68% b) 76% c) 81% d) 69% Answer : b) 76% Solution : Cost price of 480 articles = Rs 18000...
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