Profit And Loss for IBPS , SBI , RBI | Quantitative Aptitude | Quiz-3

Profit And Loss for IBPS , SBI , RBI: Quiz 3

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

(a) 750 grams

(b) 730 grams

(c) 730 2/3 gram

(d) 769 3/13 gram

(e) None of these

Answer & Explanation

2.Abhinav bought 100 dozen of pins at Rs.10 per dozen. He spent Rs.500 on a particular tax and he sold them at Rs. 1 per each pin. What was his profit or loss percent?

(a) loss of 6 2/3 %

(b) gain of 12 1/3 %

(c) loss of 12 1/3 %

(d) gain of 16 2/3

(e) 25%

Answer & Explanation

3. Abhinav bought a computer for Rs.52,000 and spent Rs.4000 on its repairs. If he sells at Rs.47,000 then what will be his loss percentage?

(a) 13 3/4 %

(b) 15 2/9 %

(c) 16 1/14 %

(d) 19 9/15 %

(e) 20%

Answer & Explanation

4. If A sells a table at 10% profit to B and B sells to C at 15% profit and C sells to D at 25% profit, then what is the cost price of A if cost price of D is Rs.5060.

(a) Rs.4600

(b) Rs.3200

(c) Rs.4200

(d) Rs.3600

(e) None of these

Answer & Explanation

Q5. A man sells two Commodities for Rs. 21600 each, neither losing nor gaining in 16 2/3% the deal. If he sold one commodity at the gain of on SP, the other commodity is sold at the loss of?

Answer & Explanation

Q6. If the difference between the selling prices of an article at a profit of 10% and 15% is Rs.36, then what is the sum of the two selling prices (In Rs)?

(a) 1440

(b) 1620

(c) 1580

(d) 1720

(e) 1660

Answer & Explanation

Q7. The difference between selling prices of an article at a profit of 6% and 18% is 17.77 Rs. The ratio of two selling price is:-
(a) 63 : 69
(b) 33 : 35
(c) 17 : 19
(d) 53 : 57
(e) 53 : 59

Answer & Explanation

8. While selling a land, the profit is 150% of the cost price. If the cost increases by 35% but the selling price remains constant, then what is the profit percentage? (Approximately)

(a) 90%

(b) 95%

(c) 85%

(d) 80%

(e) None of these

Answer & Explanation

Q9. A man buys an article for 20% less than its value and sells it for 20% more than its value. His gain or loss percentage is:
(a) 50% loss
(b) 33% Profit
(c) 50% Profit
(d) 33% loss
(e) 65% profit

Answer & Explanation

10. Raja invests certain amounts in two schemes A and B in the ratio of 3:8 and earns 20% on scheme A but loses 15% on scheme B. What is the gain or loss on two investments taken together?

(a) 6.25%

(b) 4.28%

(c) 5.45%

(d) Cannot be determined

(e) None of these

Answer & Explanation

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