Quantitative Aptitude: Profit and Loss Set 9

Profit and Loss Questions for IBPS PO, IBPS RRB, NICL, UIICl, OICL, RBI Grade B/Assisatant, Bank of Baroda and other competitive exams.

  1. A dealer buys a product at Rs. 1920 , he sells at a discount of 20% still he gets the profit of 20% . What is the selling price of that product?
    A) Rs.1159
    B) Rs.1550
    D) Rs.1785
    E) Rs.1245
    View Answer
      Option  C
    CP ——– SP ———-MP
    100—-(20% profit)—-120——-(20% discount) ——150
    => SP = 1.2CP =  2304
  2. The ratio of cost price and marked price of an article  is 2:3 and ratio of percentage profit and percentage discount is 3:2. What is the discount
    percentage ?
    A) 18.58%
    B) 20.25%
    C) 16.66%
    D) 22.13%
    E) 14.51%
    View Answer
      Option  C
    CP : MP = 2x : 3x
    => profit = x
    profit % : discount % = 3 : 2
    Let CP = 200 , SP = 300
    But (3x/100)*200 + (2x/100)*300  = 100
    => x = 8.33%
    Discount 2x = 16.66%
  3. A firm of readymade garments makes both men’s and women’s shirts. Its average profit is 6% of the sales. Its profit in men’s shirts average 8% of the sales and women’s shirts comprise 60% of the output. Find the average profit per sales rupee in women’s shirts .
    A) 1.2560
    B) 0.0125
    C) 0.0566
    D) 0.0466
    E) 1.1562
    View Answer
      Option D
    According to questions,
    women’s shirts comprise 60% of the output.
    Therefore, Men’s shirts comprise 40% of the output.
    Average profit from men’s shirts = 8% of 40 = 3.2 out of 40
    Overall average profit = 6 out of 100
    Average profit from women’s shirts = 2.8 out of 60
    = 0.0466 out of each shirt.
  4. A shopkeeper marks his goods 20%  above his cost price and gives 15% discount on the marked price. Find his gain%.
    A) 2%
    B) 8%
    C) 11%
    D) 6%
    E) 7%
    View Answer
    CP = 100 , MP = 120
    D = (15/100)*120 = 18%
    SP = 102
    P% = (P/CP)*100 = (2/100)*100 = 2%
  5. A, B and C invest in the ratio of 3 : 4 :5 . The percentage of return on their investments are in the ratio of 6 : 5 : 4 . Find the total earnings, if B earns Rs. 250 more than A.
    A) 7500
    B) 6999
    C) 4575
    D) 7250
    E) 2500
    View Answer
      Option D
                                 A ————– B ————– C
    Invetsment          3x ———— 4x ————— 5x
    Rate of return     6y% ———-5y%————— 4y%
    Return                (18xy/100)—-(20xy/100)—–(20xy/100)
    Total = (18+20+20) = 58xy/100
    B’s earnings  – A’s earnings = 2xy/100 = 250
    Total earnings = 58xy/100 = 7250
  6. Jagran group launched a new magazine in January 2004. The group printed 10000 copies initially for Rs. 50000. It distributed 20% of its stock freely as specimen copy and 25% of the rest magazines are sold at 25% discount and rest at 16.66% discount whose printing price was Rs. 12 per copy . What is the overall gain or loss in the first month’s issue of magazine, if the magazine could not realize the income from advertisements or other resources?
    A) 56%
    B) 62%
    C) 74%
    D) 50%
    E) 68%
    View Answer
      Option A
    Total cost = Rs.50,000
    Total sale price  = 2000 * 9 + 6000 * 10 = 78,000
    Profit% = (28000/50000)*100 = 56%
  7. A dishonest trader marks up his goods by 80% and gives discount of 25% . Besides he gets 20% more amount per kg from wholeseller and sells 10% less per kg to customer. What is the overall profit percentage ?
    A) 63%
    B) 72%
    C) 88%
    D) 55%
    E) 80%
    View Answer
      Option E
    CP = 100/120 = 10/12
    SP = 135/90 = 18/12
    Profit % = {[(18/12) – (10/12)]/(10/12)} *100 = 80%
  8. By selling 12 marbles for a rupee, a shopkeeper loses 20% . In order to gain 20% in the transaction , he should sell the marbles at the rate of how many  marbles for a rupee?
    A) 14
    B) 8
    D) 9
    E) 22
    View Answer
      Option B
    SP of 12 marbles  = Rs.1 , loss = 20%
    CP of 12 marbles = Rs. (1/0.8) = Rs. 1.25
    SP of 12  marbles at a gain of 20%
    CP * 1.2 = 1.25 *1.2
    = Rs. 1.5
    It means in order to gain 20%, he should sell 12 marbles for Rs.1.5
    For Rs. 1 , he should sell 12/1.5 = 8 marbles
  9. A shopkeeper bought a DVD marked at Rs. 200 at successive discounts of 10% and 15% respectively. He spent Rs. 7 on transport and sold the table for Rs.208 .What will be his profit percentage ?
    A) 58%
    B) 44%
    C) 30%
    D) 50%
    E) 62%
    View Answer
      Option C
    Single equivalent discount for 10% and 15% = (15 + 10  – (15*10/100))%
    = 23.5%
    CP of DVD = 200*(100- 23.5)% = Rs.153
    Expense on transport = Rs. 7
    Actual CP = 153 + 7 = Rs. 160
    Profit % = [(208 – 160)/160]*100 = 30%
  10. The cost of setting up a magazine is Rs.2800. The cost of paper and ink is Rs.80/ 100 copies and printing  cost is Rs. 160 / 100 copies. In the last month 2000 copies were printed but only 1500 copies could be sold at Rs. 5 each . Total 25% profit on the sale price was realized. There is one more resource of income from the magazine which is advertising. What sum of money was obtained from the advertising in magazine?
    A) Rs.1654
    B) Rs.1522
    C) Rs.1750
    D) Rs.1975
    E) Rs.1800
    View Answer
      Option D
    Setup cost = Rs.2800
    Paper , ink = Rs. 1600
    Printing cost = Rs. 3200
    Total cost = Rs. 7600
    Total sale price = 1500*5 = 7500
    Let the amount obtained from advertising is x,
    (7500+x) – 7600 = 25% of 7500
    => x = 1975



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28 Thoughts to “Quantitative Aptitude: Profit and Loss Set 9”

  1. Ankit A

    mam in que no 2,i think discount would be 13.33%,
    pls check it or correct me (if i am wrong)

    by the way thanks for good question of profit & loss

    1. SoFi@ (nice GIRL)

      discount would be

  2. Rahul Chaudhary

    question 9 me marked price se cost price kaise nikal diya ?? marked price se successive discount pe to selling price aani chahiye thi na 🙁

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