Profit And Loss for IBPS , SBI , RBI | Quantitative Aptitude | Quiz-1

Profit And Loss for IBPS , SBI , RBI

Profit & Loss plays a significant role in Quantitative Aptitude Section of banking exams such as IBPS, SBI and RBI PO and Clerk. You will get at least 1-2 questions from Profit and loss in one of IBPS, SBI and RBI PO & clerk exam. So, aspirants should focus on Profit and loss questions in detail. Here, we are providing you with the Profit & Loss questions quiz with the detailed solution so that you can easily prepare for Profit and loss questions. We are providing here all-important latest pattern-based questions and Previous Year Questions of Profit & Loss of various Government Exam like IBPS, SBI, and RBI PO and Clerk exam. This Profit & Loss quiz we are providing is free. Attempt this Profit & Loss quiz to practice important questions with answers and solutions. And score better in IBPS, SBI and RBI PO and Clerk exam.

Profit And Loss Quiz to improve your Quantitative Aptitude for SBI Po & SBI clerk exam IBPS PO Reasoning , IBPS Clerk Reasoning , IBPS RRB Reasoning, LIC AAO ,LIC Assistant  and other competitive exam

1.  A trader marks his goods such that he can make 32% profit and after giving 12% discount. However a customer availed 20% discount instead of 12%. What is the new profit percentage of trader ?

(a) 20%

(b) 44%

(c) 30%


(e) none of these

Answer & Explanation

2. A shopkeeper gives two successive discounts of 10% and 20% on a marked price of Rs. 5000 for a bicycle. He had to give a further discount of 20% of the cost price on his new selling price, as a result of which he made neither a profit nor a loss. Find the cost price of the bicycle.

(a) Rs. 2000

(b) Rs. 3000

(c) Rs. 3600

(d) Rs. 4500

(e) None of these

Answer & Explanation

3. The cost of 5 kg of apples is Rs 450. The cost of 12 dozen mangoes is Rs 4320 and the cost of 4 kg of oranges is Rs 240. What is the total cost of 8 kg of apples, 8 dozens of mangoes and 8 kg of oranges?

(a) Rs 4020             

(b) Rs 4080

(c) Rs 4000             

(d) Rs 4050

(e) None of these

Answer & Explanation

4.  Abhishek and Bhanu both are dealers of KML scooters. The price of a KML Scooter is Rs. 28,000. Abhishek gives a discount of 10% on whole, while Bhanu 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 prices?

(a) Rs 240

(b) Rs 420

(c) Rs 640

(d) 120

(e) none of these

Answer & Explanation

5. A wealthy man bought two flats in a posh locality to have a fixed return. But a financial crunch at his home forced him to sell both the flats soon, and he sold both at the rate of Rs. 3,00,000 each. He thereby incurred a loss of 20% on one of the flats and a gain of 20% on the other. What was the overall profit or loss he incurred in the entire transaction ?

(a) No gain, no loss

(b)Rs. 25,000 profit

(c)Rs. 25,000 loss

(d)Rs. 10,000 loss

(e) None of these

Answer & Explanation

6. The marked price of a book is 20% more than the cost price. After the book is sold, the vendor realizes that the he had wrongly raised the cost price by a margin of 25%. If the marked price of the book is Rs. 30, what is the original cost price of the book?

(a) Rs. 25

(b) Rs. 20

(c) Rs. 45

(d) Rs. 30

(e) None of these

Answer & Explanation

7. If the selling price of a mat is five times the discount offered and if the percentage of discount is equal to the percentage profit, find the ratio of the discount offered to the cost price.

(a) 11 : 30

(b) 1 : 5 

(c) 1 : 6

(d) 7 : 30

(e) None of these

Answer & Explanation

8. A milkman buys some milk. If he sells it at Rs. 8 a litre, he loses Rs 233, but when he sells it at Rs 9 a litre, he gains Rs 317. How much milk did he purchase?

(a) 550 litres

(b) 450 litres

(c) 600 litres

(d) 560 litres

(e) None of the above

Answer & Explanation

9. A shopkeeper labeled the price of his articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labeled price. What is the actual profit per cent in the deal?

(a) 18%

(b) 15%

(c) 20%

(d) 16%

(e) None of these

Answer & Explanation

10. If the absolute difference between the selling price of the article when there is 15% loss and 15% gain in selling an article is Rs. 450, then what is the cost price of the article?

(a) Rs. 1,200

(b) Rs. 1,500

(c) Rs. 2,000

(d) Rs. 2,200

(e) None of these

Answer & Explanation

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