Profit And Loss for IBPS , SBI , RBI | Quantitative Aptitude | Quiz-2

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

Q1. An article is sold at a loss of 10%. Had it been sold for 9 more, there would have been  a gain of 12.5%  on it, then what is the cost price of the article?

(a) Rs. 40

(b) Rs. 45

(c) Rs. 50

(d) Rs. 60

(e) None of these

Answer & Explanation

Q2. A fruit vendor professes to sell fruits at the cost price, but uses false weights. He gains 30% in this manner. What weight does substitute for one kilogram?

(a)769 3/13

(b)869 5/13

(c)780 g

(d)789 g

(e)None of these

Answer & Explanation

Q3. A man sells two horses for Rs. 1850. Cost price of first horse is equal to selling price of second horse. If first is sold at 15% loss and second is sold at 25% gain, what is his total loss or gain?

(a)Rs. 100

(b)Rs. 75

(c)Rs. 50

(d)Rs. 80

(e)Rs. 120

Answer & Explanation

Q4. How much percent above the cost price should a shopkeeper mark his goods so as to earn a profit of 32% after giving a discount of 12% on the marked price ?

(a) 52%

(b) 50%

(c) 55%

(d) 56%

(e) None of these

Answer & Explanation

Q5. While selling a watch, a shopkeeper gives a discount of 5%. If he gives a discount of 6% he earns Rs. 15 less as profit. What is the marked price of watch ?

(a) Rs. 1250

(b) Rs. 1400

(c) Rs. 1550

(d) Rs. 1350

(e) None of these

Answer & Explanation

Q6. A vendor bought 8 lemons in Rs. 3. To get a profit of 60%, at what rate he will sell these lemons?

(a) 2 in Rs. 1

(b) 3 in  Rs. 2

(c) 5 in Rs. 3

(d)12 in Rs. 5

(e)None of these

Answer & Explanation

Q7. The cost price of a thing is 4 times of its profit. If the shopkeeper earns 10% profit by selling the thing in Rs. 143, then find the original profit in rupee.

(a) Rs. 30

(b) Rs. 40

(c) Rs. 25

(d) Rs. 32.5

(e) None of these

Answer & Explanation

Q8.  A shopkeeper gives 10% discount on marked price and earns a profit of 25%. If cost price of thing is Rs. 2160, what is the marked price of thing ?

(a) Rs. 2500

(b) Rs. 2700

(c) Rs. 3500

(d) Rs. 3000

(e) None of these

Answer & Explanation

Q9.  A bike dealer gives a discount of 20% on marked price of bikes. Ajit purchases a bike in Rs. 50,500. What is the marked price of bike?

(a) Rs. 60,500

(b) Rs. 64,225

(c) Rs 63,125

(d) Rs 65,500

(e) None of these

Answer & Explanation

Q10. Marked price of a wrist watch is Rs.5000 and the shopkeeper gives 15% discount on marked price of  wrist watch. In this way, he obtains a profit of 25%. Find the cost price of wrist watch.

(a) 3400

(b) 3600

(c) 3450

(d) 3500

(e) None of these

Answer & Explanation

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