Profit And Loss for IBPS , SBI , RBI | Quantitative Aptitude | Quiz-4

Profit And Loss for IBPS , SBI , RBI: Quiz -4

Profit and 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 4-5 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 and 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 and Loss of various Government Exam like IBPS, SBI, and RBI PO and Clerk exam. This Profit and Loss quiz we are providing is free. Attempt this Profit and 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 & IBPS Clerk exam , IBPS RRB PO and assistant exam, LIC AAO ,LIC Assistant  and other competitive exam.

1. A vegetable shopkeeper has two types of potatoes ‘A’ and ‘B’. Price of type ‘A’ potato is Rs. 12 per kg and Price of type B potato is 8 per kg, if he mixed both in the ratio of 2: 3 and sold it at the price of type A potato after allowing 16 2/3% of discount. Find overall profit percent of shopkeeper?

(a) 43/6%

(b) 40/6%

(c) 35/6%

(d) 37/6%

(e) 25/6%

Answer & Explanation

2. A and B sold two articles at 25% profit and 40% profit respectively. If total profit is Rs. 178 and the cost price of A is Rs 120 less than B. find the CP of B.

(a)Rs. 310

(b)Rs. 370

(c)Rs. 320

(d)Rs. 430

(e)None of these

Answer & Explanation

3. A shopkeeper sold a bat at the profit of 20%, if he sold it Rs. 17.5 more got 30% profit. Find at what price shopkeeper should be sold the bat to make a profit of 60% ?

(a) 280Rs.

(b) 260 Rs.

(c) 240 Rs.

(d) 220 Rs.

(e) 250 Rs.

Answer & Explanation

4. A shopkeeper marked the price of a jeans 40% above its cost price and gives two successive discounts of 14 2/7% and 12.5% respectively. If he got total profit of Rs 80, then find the selling price of jeans?

(a) Rs. 1680

(b) Rs. 1640

(c) Rs. 1600

(d) Rs. 1620

(e) Rs. 1660

Answer & Explanation

5. A shopkeeper marked up price of a laptop 40% above its cost price and gives a discount of 21 3/7% and made a profit of Rs. 2250. If shopkeeper had allowed only 1/3 rd of previous discount, then what would have been the selling price of laptop?

(a) Rs. 30500

(b) Rs. 29750

(c) Rs. 29500

(d) Rs. 29250

(e) Rs. 28250

Answer & Explanation

6. Marked price of a bat is Rs 350.A shopkeeper gives a discount of Rs x and makes a profit of 12.5% If manufacturing cost of bat is Rs 280, then find the discount percent given by shopkeeper on bat?

(a)10%

(b)6%

(c)4%

(d)3%

(e)5%

Answer & Explanation

7. Cost price of a bat and a ball is Rs. 75. Retailer sold bat at 40% profit and ball at 60% loss. Find the cost price of bat if in whole transaction he earns Rs. 20 as profit?

(a) Rs.60

(b) Rs.65

(c) Rs.55

(d) Rs.50

(e) Rs.45

Answer & Explanation

8. Retailer sold one article at 33 1/3% profit and another at 100% profit. Find his overall profit percentage if the selling price of both the article is same?

Answer & Explanation

9. By selling two articles a man earns 15% profit on first article and 10% loss on second article. Find his overall gain% or loss% if C.P. of both articles were same?

(a) 2%

(b) 5%

(c) 2.5%

(d) 3%

(e) 3.5%

Answer & Explanation

10. Profit earned after selling an article for Rs. 700 is 14 2/7% more than profit incurred when it is sold for Rs. 650. What would be the S.P. if he wants to earn a profit of 25% ?

(a) Rs. 500

(b) Rs. 476

(c) Rs. 750

(d) Rs. 375

(e) Rs. 850

Answer & Explanation

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