Profit and Loss Bank PO Questions
- A loss of 10% is made by selling an article. Had it been sold for Rs 75 more, there would have been a profit of 5%. What would be the selling price of the article if it is sold at 15% profit?
A) Rs 475
B) Rs 520
C) Rs 575
D) Rs 425
E) None of these
View Answer
Option C
Solution:
Use shortcut for these type of questions:
CP of article = 75 × 100/ [5 – (-10)] (+5 for 5% profit, -10 for 10% loss)
So SP at 15% profit = 115/100 * CP = (115/100) * [75 × 100/15] = Rs 575
- A profit of 20% is made when an article is sold for Rs 720. What will be the profit % if the same article is sold for Rs 630?
A) 12%
B) 9%
C) 3%
D) 5%
E) 8%
View Answer
Option D
Solution:
Let x% is the required profit. So
630 = [(100+x)/100] * [100/120 * 720]
Solving, we get, x = 5% profit
- A trader gets a profit of 30% on buying a kg of wheat. By mistake, he sold 1200 grams of wheat at the price of 1 kg. Find his net profit/loss%.
A) 25/3% profit
B) 55/3% profit
C) 30/11% loss
D) 125/3% loss
E) 25/6% profit
View Answer
Option A
Solution:
He sold 1200 grams of wheat at the price of 1 kg, means he incurs a loss here.
That loss% = (1200-1000)/1200 * 100 = 50/3%
Now there was a profit of 30% while buying and now a loss of 50/3% while selling. So successive method can be used here:
Profit/loss% = 30 + (-50/3) + (30)(-50/3)/100 = + 25/3%
- A trader bought 8 kg of rice at Rs 10 per kg. While selling he uses false weights of 1600 gm instead of 2 kg. What profit did he make by selling 8 kg of rice bought?
A) Rs 18
B) Rs 30
C) Rs 20
D) Rs 26
E) Rs 33
View Answer
Option C
Solution:
He uses 1600 grams weight instead of 2 kg, means he makes a profit here.
That profit% = (2000-1600)/1600 * 100 = 25%
1 kg or 1000 gm costed him Rs 10. So 1600 gms costs his Rs 16.
Now on selling each 1600 gms he makes 25% profit. So profit = 25/100 * 16 = Rs 4
On selling each 1600 gms, he makes a profit of Rs 4, so on selling 5 * 1600 = 8000 gms or 8 kg, he makes a profit of 5 * 4 = Rs 20
- There is a profit of 20% on an article, when a discount of 10% is given. What will be the profit % on the article if discount given is 20%?
A) 2 1/3%
B) 7%
C) 4 4/5%
D) 8%
E) 6 2/3%
View Answer
Option E
Solution:
P2% = (100+p%1) [ (100 – d2%)/(100 – d1%)] – 100
So P2% = (100+20) [ (100 – 20)/(100 – 10)] – 100 = 120 * (80/90) – 100 = 20/3%
- Two mobiles are sold at same price. If on one, a profit of 25% is made and on another, a loss of 10% is incurred, find the net profit/loss%.
A) 10 62/99%
B) 15 12/33%
C) 6 14/23%
D) 4 28/43%
E) 15 1/5%
View Answer
Option D
Solution:
profit 25% = 125, loss 10% = 90. Let SP of each mobile = LCM of (125 and 90) = 2250
So CP1 = 100/125 * 2250 = Rs 1800, and CP2 = 100/90 * 2250 = Rs 2500
So total SP = 2250+2250 = Rs 4500
Total CP = 1800+2500 = Rs 4300
So gain% = (4500-4300)/4300 * 100 = 200/43%
OR use formula:
gain/loss% = [100(25 – 10) – 2 (25)(10)] / [(100+25) + (100-90)] = (1500-500)/215 = + 200/43%
- Cost price of milk is Rs x per litre and it is sold at Rs 1.5x per litre. If the milkman mixes 2 litres water with every 4 litres of pure milk while selling, what is his profit percentage?
A) 100%
B) 125%
C) 80%
D) 25%
E) 55%
View Answer
Option B
Solution:
Let CP of 1 l pure milk = Re 1
Then CP of 4 l of milk = Rs 4, and CP of 2 l of water = Rs 0. So CP of 6 l mixture = Rs 4
And SP of 6 l of mixture = 6*1.5 = Rs 9
So profit% = (9-4)/4 * 100 = 125%
- The profit% made by selling an article for Rs 2200 is same as the loss% made by selling the same article for Rs 1700. What would be the selling price of the article if it is sold at 10% profit?
A) Rs 2145
B) Rs 2080
C) Rs 1975
D) Rs 1900
E) Rs 2180
View Answer
Option A
Solution:
Let CP of article = Rs x
So (2200 – x)/x * 100 = (x – 1700)/x * 100
So 2200 – x = x – 1700
Solving, we get x = Rs 1950
So SP = 110/100 * 1950 = Rs 2145
- Due to reduction of 20% in price of pens a customer can purchase 5 more pens for Rs. 40. What is the original price of a pen?
A) Rs 5
B) Rs 3
C) Rs 2
D) Rs 6
E) Rs 8
View Answer
Option C
Solution:
There is 20% reduction in price. So to keep the total amount same, consumption should increase by 20/(100-20) * 100 = 25%
For 25% (25/100 = 1/4) increase in consumption, customer can purchase 5 more pens
So original price of pens = 4*5 = Rs 20
So original price of 1 pen = 40/20 = Rs 2
- If the cost price of 200 pens is equal to the selling price of 160 pens, the gain/loss % is
A) 14% loss
B) 25% gain
C) 12% gain
D) 16% loss
E) 22% gain
View Answer
Option B
Solution:
Here CP is more, so gain%.
Gain% = (200-160)/160 * 100 = 25%
Click here to go to Quantitative Aptitude Section
thanku mam 🙂
Q6???formula x-y-xy/100..ye hai na??
for 6th ?? OR some else question ?
Question 6 mam
nhi 6th me this will not be used
It is used when there is successive profit or loss
but here its not successive, profit and loss are on different products
https://uploads.disquscdn.com/images/c4356ee72b8dcc7bba91d1ee3e77aa082d1573889907c396688f5226639b483a.jpg
Tick wala formula apply nahi hoga??no 6 mai
transaction ki bat ho rahi hai formula me, jab ek product pe phle profit hua and then loss hua on the same. Then it is used. like in 3rd q
Hn mam…samjh gaya ….ye successive profit ya loss mai use hoga thank u..
Mam
.. https://uploads.disquscdn.com/images/bca6c3d977ba60e28ccc5e142efa0e821185ba69ee846a65db4842d0cf26c111.jpg
yes ese b ho sakta hai
in question no 9 cost of one pen should be rs 2….m i right?
Yes yes
3rd question:
Profit/loss% = 30 + (-50/3) + (30)(-50/3)/100 = + 25/3%
i think 35/3%
5th ques bta do without using formula
or 9th bi
thanks in advance..
tq
ty mam:)
nice quiz 🙂
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