Quantitative Aptitude: Profit and Loss Set 8

Profit and Loss Questions for 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) 4:5
    C) 3:7
    D) 2:5
    E) 5:7
    View Answer
      Option A
    Formula : MP(1 – d%) = CP(1+g%)
    MP(80/100) = CP(120/100)
    CP/MP = 80/120———(1)
    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) Rs.110
    B) Rs.180
    C) Rs.240
    D) Rs.200
    E) Rs.90
    View Answer
      Option C
    A’ s discount = 2800
    B’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) Rs.755
    B) Rs.950
    D) Rs.550
    E) Rs.800
    View Answer
      Option E
    [((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) 110:111
    B) 120:125
    C) 131:133
    D) 136:135
    E) 140:141
    View Answer
      Option D
    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) 2:1
    B) 3:2
    D) 5:3
    E) 3:1
    View Answer
      Option B
    Candle  —————— Bulb
    CP ….x ——————– y
    and   y = 2x
    Profit  = 10(a – x) = 3b
    Loss     = 10(y – b) = 4a
    Profit% = (3b/10x)*100———–(1)
    and Loss% = (4a/10y)*100———-(2)
    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) 20.12%
    B) 16.66%
    C) 15.66%
    D) 22.21%
    E) 31.11%
    View Answer
      Option B
    CP ————-SP
    240…..(- 14 2/7)……280
    Actual profit% = (40/240)*100 = 16.66%
  7. A  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) Rs.132
    B) Rs.120
    C) Rs.123
    D) Rs.100
    E) Rs.110
    View Answer
      Option A
    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) Rs.1300
    B) Rs.1100
    C) Rs.800
    D) Rs.1200
    E) Rs.1000
    View Answer
      Option D
    CP = Rs. 3200/40 = Rs.80
    Now SP of 40 books =  CP of 40 books + SP of 8 books
    => SP of 32 books = 3200
    SP of 1 book = Rs.100
    Required SP of 1 dozen books  = Rs. 1200
  9. A firm of readymade garments makes both men’sand 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. What is the average profit per sales rupee in women’s shirts.
    A) 0.1243
    B) 0.5416
    C) 0.0466
    D) 0.5247
    E) 0.2451
    View Answer
      Option C
    Women’s shirts comprise = 60%
    Men’s shirts comprise =40%
    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 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) 50%
    B) 40%
    C) 30%
    D) 55%
    E) 43%
    View Answer
      Option E
    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 – 656 = Rs.280
    Profit% = (280/656)*100 = 43%



Related posts

38 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. $קгค๔єєק$

      see here bro…:)
      now 7 =280
      => 6 =240
      now new profit% =40/240*100 =16.667%

      1. ravi

        bhai good evening:))

        1. $קгค๔єєק$

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

        2. ravi

          hw r u??
          sbi ka date kab hai

          1. $קгค๔єєק$

            16 ko pta chalegi individual dates bhai wase sept 4 se phase 3 shuru h..:))

          2. ravi

            rrb v fill kiya hai kya??

          3. $קгค๔єєק$

            yesss wo b kr dia h …:)))

          4. ravi

            kaha sa fill kiya hai??

          5. ravi

            ibps to jaan la liya :((

          6. $קгค๔єєק$

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

          7. $קгค๔єєק$

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

        1. $קгค๔єєק$


          1. !!angry bird !!

            no 🙂

  3. Ravi Upadhyay

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

    1. $קгค๔єєק$

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

      1. Ravi Upadhyay

        okk thnxx bro…

        1. $קгค๔єєק$

          jiiii brotherr……:)))

  4. Mera bhi din ayega :)))

    Ty mam

  5. !!angry bird !!

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

    1. $קгค๔єєק$

      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 😛

        1. $קгค๔єєק$


          1. !!angry bird !!

            no sakti man hehehehe 😛

          2. $קгค๔єєק$

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

          3. !!angry bird !!

            hehe ary wah daremon issi accha h 😛

          4. $קгค๔єєק$

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

          5. !!angry bird !!

            pata h 😛 mai ye bol rahi hu ki daremon isse acha h hehe samjy 😛

  6. _/_

    awesome quiz !!

  7. ครђ

    Thanks Mam:))

  8. M@nish...

    pradeep bro??

  9. Dream BIG :))Pappa's Dream❤

    Thnks Az. 🙂
    Simplest form of 1st questn
    Mp =100
    Sp = 100×80×12/100×16 = 60
    Cp = 60×5/6 =50
    50: 100

  10. Thank you for another wonderful post. Where else could anyone get that type of info in such an ideal way of writing? I’ve a presentation next week, and I am on the look for such information.

  11. What i do not understood is actually how you’re not actually much more well-liked than you may be right now. You are very intelligent. You realize thus considerably relating to this subject, produced me personally consider it from so many varied angles. Its like men and women aren’t fascinated unless it?s one thing to accomplish with Lady gaga! Your own stuffs great. Always maintain it up!

  12. Thanks for expressing your ideas. I would also like to express that video games have been at any time evolving. Modern technology and improvements have assisted create authentic and fun games. These types of entertainment video games were not really sensible when the real concept was being used. Just like other areas of technology, video games also have had to advance by many generations. This itself is testimony to the fast growth of video games.

  13. Hello, i think that i saw you visited my weblog so i got here to ?return the desire?.I’m trying to find things to improve my website!I guess its ok to use some of your concepts!!JJ’s Ducted Gas Heating Repairs and Installation 162 Mitchell Rd, Lilydale VIC 3140 0412 531 821

Leave a Comment