**Basic Profit and Loss Questions with tricks for all banking, insurance, SSC and other exams.**

- By selling 20 articles, a person gains CP of 5 articles. Find the profit% incurred by him.

A) 33 1/3%

B) 25%

C) 20%

D) 16 2/3%

E) None of these

View Answer

** Option B**

Solution:

Profit = SP – CP

CP of 5 articles = SP of 20 article – CP of 20 articles

So CP of 25 articles = SP of 20 articles

Profit% = 5/20 * 100 = 25%

- A person wants to sell his goods at 20% profit after allowing a discount of 16 2/3% on marked price. How much % above the cost price should he mark his article?

A) 20%

B) 36 2/3%

C) 34 5/6%

D) 44%

E) 38%

View Answer

** Option D**

Solution:

Use formula:

MP = (100+p%)/(100-d%) * CP

OR

Profit%= 20% = 1/5 (profit = 1, CP = 5)

SP = CP+P = 5+1 = 6……(1)

Discount% = 16 2/3% = 50/3% = 1/6 (discount = 1, MP = 6)

Mp – discount = SP

6 – 1 = 5…………(2)

Make SP equal in both equations (1) and (2)

Multiply (1) by 5 and (2) by 6

so CP : SP : MP = 25 : 30 : 36

So see CP and MP, required % = (36-25)/25 * 100 = 44%

- Three successive discounts of 20%, 25% and 16 2/3% is equivalent to

A) 50% profit

B) 56 2/3% profit

C) 40% loss

D) 125/3% loss

E) 25/6% profit

View Answer

** Option A**

Solution:
Use successive formula:
a + b + a*b/100
So – 20 – 25 + 20*25/100 = -40%
Next: -40 – 50/3 + (50)(50/3)/100 = -50%
OR
20% = 1/5 5 -> 4
25% = 1/4 4 -> 3
16 2/3% = 1/6 6 -> 5
Cancel out like this:

- After selling a table worth Rs 12000 at 20% loss, a trader buys a TV with the same money. Next he sold the TV at 20% profit. What is his profit/loss in the whole transaction?

A) Rs 480 loss

B) Rs 450 loss

C) Rs 480 gain

D) No profit no loss

E) Rs 420 gain

View Answer

** Option A**

Solution:

12000 – 2400 (20% loss) = 9600

9600 + 1920 (20% profit on 9600) = 11520

So 12000 – 11520 = 480 Rs loss

- A sold a watch to B at 10% loss. B sold it to C at 11.11% loss and c again sold it to A at 12.5% profit. How much profit/loss % is incurred by A?

A) 10% profit

B) 12% profit

C) 10% loss

D) 15% loss

E) No profit no loss

View Answer

** Option E**

Solution:

A to B to C

A to B 10% loss, 10% = 1/0. So SP for A = 10-1 = 9

B to C 11.11% loss, 11.11% = 1/9, so SP for B = 9-1 = 8

C to A 12.5% profit, 12.5% = 1/8, so SP for C or CP for A = 1+8 = 9

A first sold to B at 9, and after he got from C at 9, so no profit no loss

- After selling an article at some price, a trader gain 20% on the selling price. Find his profit% on the cost price.

A) 50%

B) 33 1/3%

C) 16 2/3%

D) 25%

E) 15 1/5%

View Answer

** Option D**

Solution:

Profit = 20% on SP

20% = 1/5, (1 – profit, 5 – SP)

CP = SP – Profit

4 = 5 – 1

so profit% on CP = profit/CP *100 = 1/4 * 100 = 25%

- A man bought some toffees at the rate of 3 toffees per Re. and same number at the rate of 2 toffees per Re. He mixes them and sold 3 toffees for Rs 2. Find his profit/loss% in the whole transaction.

A) 20% loss

B) 20% profit

C) 60% loss

D) 60% profit

E) None of these

View Answer

** Option D**

Solution:

Let he buys 6 toffees

Case 1: 3 toffees per Re so 6 toffees for Rs 2

Case 2: 2 toffees per Re so 6 toffees for Rs 3

Total CP of 12 toffees = 2+3 = 5

Now he sold at 3 for Rs 2. So 12 toffees for Rs 8

Now CP = Rs 5, SP = Rs 8, so profit% = 3/5 * 100 = 60% profit

- A shopkeeper sold his articles at cost price. But he used false weights and gives 800 gm instead of 1 kg. Find his profit%.

A) 16 2/3%

B) 20%

C) 10%

D) 33 1/3%

E) None of these

View Answer

** Option E**

Solution:

CP of 1000 gm = SP of 800 gm

So gain% = (1000-800)/800 * 100 = 25%

- A trader sold his goods at 20% profit and along with this he used weights of 800 gm instead of 1 kg. Find his total profit%.

A) 40%

B) 45%

C) 50%

D) 55%

E) 60%

View Answer

** Option C**

Solution:

Profit is 20%. So

1000 gm + 20% of 1000 gm = 1200 gm

so CP of 1200 gm = SP of 800 gm

Sp profit% = (1200-800)/800 * 100 = 50%

- A loss of 20% is made by selling an article. Had it been sold for Rs 240 more, there would have been a profit of 10%. What would be the selling price of the article if it is sold at 25% profit?

A) Rs 950

B) Rs 1020

C) Rs 975

D) Rs 1000

E) Rs 1075

View Answer

** Option D**

Solution:

Loss = 20% = 1/5 (loss = 1, CP = 5)

CP – Loss = SP

5 – 1 = 4……….(1)

Profit% = 10% = 1/10 (Profit = 1, CP = Rs 10)

CP + P = SP

10 + 1 = 11 …….(2)

Make CP same in both equations (1) and (2) by multiplying (1) by 2. SO

10 – 2 = 8

And 10 + 1 = 11

So first, SP was 8, now is 11

So (11-8) -> 240

3 -> 240

So 10 (CP) -> 240/3 * 10 = 800

So after 25% profit SP -> 1000

mam…4th ques main confusion ho rhi hai `12000 is sp as per the language of ques but sol ke according wo cp hai

Yes that should be CP in que

10th answer should be 500 in my way… please

ty mam 🙂

Thanx mujhe yaha lane k liye… 🙂 mujhe pata nai tha 🙁

:))

n bst of lck 🙂

mera koi exam nhi hai ….aapko all the best

mere v nai :-p not eligible to aply.. july 1 2016 ko degree ka reslt out huwa tha 🙁 n candidate whose reslt out by june 30 cd apply.

result date dont consider..date mention on ur dmc is considered..

and both are different

dat only m saying.. mentioned date is 1 july 2016 :p

okk

jagte raho…:)

nice trick #3, haven’t seen it before. tyy mam:)

ty)))

tq

10th question answer should be 500 not 1000

ty az:)