# Quantitative Aptitude: Profit and Loss Set 8

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

1. A dealer offers a discount of 20% and still makes a profit of 20% and he further allows 4 articles free on the sale of 12 articles. Find the ratio of cost price to market price.
A) 1:2
B)Ā 4:5
C) 3:7
D) 2:5
E) 5:7
Ā Ā Option A
Solution:
Formula : MP(1 ā d%) = CP(1+g%)
MP(80/100) = CP(120/100)
CP/MP = 80/120———(1)
Now,
16 articles given in the cost of 12 articles
MP of one article = total /12——–(2)
CP of one article = total /16———(3)
For one article:
CP/MP= (80/16)/(120/12) = 1/2
2. A and B are dealers of a bike company. The price of a bike is Rs.28,000. A gives a discount of 10% on whole , while B gives a discount of 12% on the first Rs.20,000 and 8% on the rest Rs.8000. What is the difference between their selling price?
A)Ā Rs.110
B)Ā Rs.180
C) Rs.240
D) Rs.200
E) Rs.90
Ā Ā Option C
Solution:
Aā s discount = 2800
Bās discount = 2400+640 = 3040
Required difference = 3040-2800 = Rs.240
3. Sonata sells a wrist watch to a wholeseller making a profit of 10%. The wholesaler sells it to the retailer making a profit of 10%. A customer purchases it by paying Rs.990. Thus the profit of retailer is 2(3/11)% what is the cost incurred by the Sonata to produce it?
A)Ā Rs.755
B)Ā Rs.950
C)Rs.850
D) Rs.550
E) Rs.800
Ā Ā Option E
Solution:
[((x*1.1)*1.1)*(1125/1100)] = 990
=> x = 800
4. Fanta and Coke, there are two companies, selling the packs of cold-drinks. For the same selling price Fanta gives two successive discounts of 10% and 25%. While Coke sells it by giving two successive discounts of 15% and 20%. What is the ratio of their marked price?
A)Ā 110:111
B)Ā 120:125
C) 131:133
D) 136:135
E) 140:141
Ā Ā Option D
Solution:
Fanta *0.9*0.75 = Coke *0.85*0.80
Fanta/Coke = 136/135
5. Profit on selling 10 candles equals selling price of 3 bulbs. While loss on selling 10 bulbs equals selling price of 4 candles. Also profit percentage equals to the loss percentage and cost of a candle is half of the cost of a bulb. What is the ratio of selling price of candle to the selling price of a bulb?
A)Ā 2:1
B)Ā 3:2
C)7:9
D) 5:3
E) 3:1
Ā Ā Option B
Solution:
CandleĀ  —————— Bulb
CP ā¦.x ——————– y
SPā¦..a———————b
andĀ Ā  y = 2x
ProfitĀ  = 10(a – x) = 3b
LossĀ Ā  Ā Ā = 10(y – b) = 4a
Profit% = (3b/10x)*100———–(1)
and Loss% = (4a/10y)*100———-(2)
Again,
equating (1) & (2), we get
a/b = 3/2
6. A person wants to reduce the trade tax so he calculates his profit on the sale price instead of on the cost price. In this way by selling a article for Rs. 280 he calculates his profit as 14(2/7)%. What is his actual profit percentage ?
A)Ā 20.12%
B)Ā 16.66%
C) 15.66%
D) 22.21%
E) 31.11%
Ā Ā Option B
Solution:
CP ————-SP
240ā¦..(- 14 2/7)ā¦ā¦280
Actual profit% = (40/240)*100 = 16.66%
7. A Ā person sold an electronic watch at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch . If he sells it at twice the percentage profit of its previous percentage then find the new selling price.
A)Ā Rs.132
B)Ā Rs.120
C) Rs.123
D) Rs.100
E) Rs.110
Ā Ā Option A
Solution:
SP = x + (x*x)/100 = 96%
=> x = 60
New , SP = 60+(60*120)/100 = Rs. 132
8. A bookseller procures 40 books for Rs. 3200 and sells them at a profit equal to the selling price of 8 books. What is the selling price of one dozen books, if the price of each book is same?
A)Ā Rs.1300
B)Ā Rs.1100
C) Rs.800
D) Rs.1200
E) Rs.1000
Ā Ā Option D
Solution:
CP = Rs. 3200/40 = Rs.80
Now SP of 40 books =Ā  CP of 40 books + SP of 8 books
=> SP of 32 books = 3200
SP of 1 book = Rs.100
Therefore,
Required SP of 1 dozen booksĀ  = Rs. 1200
9. A firm of readymade garments makes both menāsand womenās shirts. Its average profit is 6% of the sales. Its profit in menās shirts average 8% of the sales and womenās shirts comprise 60% of the output. What is the average profit per sales rupee in womenās shirts.
A)Ā 0.1243
B)Ā 0.5416
C) 0.0466
D) 0.5247
E) 0.2451
Ā Ā Option C
Solution:
Womenās shirts comprise = 60%
Menās shirts comprise =40%
Average profit from menās shirts = 8% of 40 = 3.2 out of 40
Overall average profit = 6 out of 100
Average profit from womenās shirts = 2.8 out of 60 i.e. 0.0466 out of each shirt.
10. Of the two varieties of rice available, variety A is bought at Rs.32 per kg and variety B at Rs.80 per kg. Two varieties of rice are mixed together in the respective ratio of 8:5 and the mixture is sold at Rs.72 per kg. What per cent of profit approximately the seller receives ?
A)Ā 50%
B)Ā 40%
C) 30%
D) 55%
E) 43%
Ā Ā Option E
Solution:
Let 8 kg of first variety of rice and 5 kg of second variety is mixed.
CP of 13 kg of rice = (8*32 + 5*32) = Rs. 656
SP of 13 kg of rice = 72*13 = Rs.936
Profit = 936 ā 656 = Rs.280
Profit% = (280/656)*100 = 43%

## 243 Thoughts to “Quantitative Aptitude: Profit and Loss Set 8”

1. %%%

coke successive discount is not given in Q4 .

2. Hemant ahuja

14(2/7)%. Iska kya aayega

1. \$×§Š³ąøą¹ŃŃ×§\$

see here bro…:)
cp———p/l——–sp
+6———+1——-+7
now 7 =280
=> 6 =240
now new profit% =40/240*100 =16.667%

1. ravi

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1. \$×§Š³ąøą¹ŃŃ×§\$

ji sirrr…most welcome …gud evng jiii…:)))

2. ravi

hw r u??
sbi ka date kab hai

1. \$×§Š³ąøą¹ŃŃ×§\$

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2. ravi

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3. \$×§Š³ąøą¹ŃŃ×§\$

yesss wo b kr dia h …:)))

4. ravi

kaha sa fill kiya hai??

5. ravi

ibps to jaan la liya :((

6. \$×§Š³ąøą¹ŃŃ×§\$

yesss sirjee dehka mene ….kya kr skte no choice other than to adjust…:((

7. \$×§Š³ąøą¹ŃŃ×§\$

up se sirjeee dono mee whi se krta huu…:))

2. !!angry bird !!

O_0

1. \$×§Š³ąøą¹ŃŃ×§\$

yess???

1. !!angry bird !!

no š

thnxx… mam is saal to vcncy reduce hi hri h… agle saal se muskil aygi ab

1. \$×§Š³ąøą¹ŃŃ×§\$

agle saal ka wait hi mt kijiye try hard this tym so that no need to think abt next year vacancy…:)

okk thnxx bro…

1. \$×§Š³ąøą¹ŃŃ×§\$

jiiii brotherr……:)))

4. Mera bhi din ayega :)))

Ty mam

5. !!angry bird !!

ty mam q 8 nai aaya mam :((((

1. \$×§Š³ąøą¹ŃŃ×§\$

see here..:)
sp of 8 books =sp of 40 books -cp of 40 books
=> sp of 32 books =cp of 40 books
=> sp of 32 books =3200
=>sp of 1 book =100
=> sp of 12 books =1200
its simple..:)

1. !!angry bird !!

O_O hmmmmmmmmmmmmm ty saktiman š

1. \$×§Š³ąøą¹ŃŃ×§\$

heehh..nooo…batman…:)

1. !!angry bird !!

no sakti man hehehehe š

2. \$×§Š³ąøą¹ŃŃ×§\$

then its better to have one of the names frm justice league lolzzzzz..:))

3. !!angry bird !!

hehe ary wah daremon issi accha h š

4. \$×§Š³ąøą¹ŃŃ×§\$

doremon nhi h lolzzzz yh ash and pikachu h…hehehhehe:))

5. !!angry bird !!

pata h š mai ye bol rahi hu ki daremon isse acha h hehe samjy š

6. _/_

tyyyyyyy
awesome quiz !!

7. ąøąø£Ń

Thanks Mam:))

8. M@nish...

9. Dream BIG :))Pappa's Dreamā¤

Thnks Az. š
Simplest form of 1st questn
Mp =100
Sp = 100Ć80Ć12/100Ć16 = 60
Cp = 60Ć5/6 =50
50: 100
1:2

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