Profit & Loss Solved Questions For IBPS, SBI and Other Bank Exams - Page 5

You will find 26 problems in 7 pages..

Profit & Loss Solved Questions (Page 5 of 7)

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 of apples.
Let the CP of 1 dozen of apple = Rs.1
Therefore CP of 40 dozen apples = Rs.40

Given, SP of 25 dozen apples = Rs.40
Then SP of 1 dozen apples = Rs.40/25 = Rs.8/5
Therefore profit of 1 dozen apples = Rs.(8/5 - 1) (SP - CP)
= Rs.3/5
Then profit % = 3/5 x 100 = 60%


Question 2

A bathing soap marked at Rs.80 is sold for Rs.68.Find the rate of discount.

a) 12% b) 13% c) 14% d) 15%

Answer : d)15%

Solution :

Marked price = (M.P) = Rs.80
Selling price = (S.P) = Rs.68
Discount amount = Rs. 80 - 68 = Rs.12
Therefore, Rate of discount = Discount x 100 / M.P
= 12 x 100 / 80 = 120 / 8 = 15%
Hence the answer is 15%


Question 3

Rahul bought a computer for Rs.52,000 and spent Rs.4000 on its repairs. If he sells at Rs.47,000 then what will be his loss percentage?

a) 13 3/4 % b) 15 2/9 % c) 16 1/14 % d) 19 9/15 %

Answer : c)16 1/14%

Solution :

Rahul bought the computer at Rs.52,000
Amount for repairing = Rs.4000
Total Cost price of the computer = Rs.52,000 + Rs.4000 = Rs.56,000

Selling price = Rs.47,000
Therefore the amount of loss = CP _ SP = 56,000 - 47,000 = Rs.9000
Loss % = loss x 100 /CP = 9000 x 100 / 56,000 = 900/56
225/14 % = 16 1/14 %


Question 4

Madhesh bought 100 dozen of pins at Rs.10 per dozen. He spent Rs.500 on a particular tax and he sold them at Rs. 1 per each pin. What was his profit or loss percent?

a) loss of 6 2/3 % b) gain of 12 1/3 % c) loss of 12 1/3 % d) gain of 16 2/3

Answer : a)loss of 6 2/3 %

Solution :

Cost price of 1 dozen of pins = Rs.10
Cost price of 100 dozen of pins = Rs. 100 x 10 = Rs.1000
Aamount of tax paid = Rs.500
Therefore total cost price = 1000 + 500 = Rs.1,500

Selling price of total number of pins = 100 x 12 x 1 = Rs. 1,200
Therefore, loss = C.P - S.P = 1500 - 1200 = Rs.300
And loss % = loss x 100 / c.p = 100 x 100 / 1500 = 100/15 %
= 20/3 % = 6 2/3 %


Profit & Loss Solved Questions (Page 5 of 7)

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