Profit and Loss Problems with Solutions for Bank Exams

Advanced 467 Reasoning Puzzles Book SBI PO 2018
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In this post we are sharing Profit & Loss Chapter - Quantitative Aptitude E-book which will give benefit you to solve Profit & Loss related questions in IBPS & SBI examinations of PO & Clerk.

Profit & Loss Quantitative Aptitude Questions

1. A man lost 20% by selling an article for Rs. 6800. What is the gain or loss percent, if he sells it for Rs.8160? 
1. 6% loss
2. 6% gain
3. 4% loss
4. 4% gain
5. None of these

2. A product is sold for a profit of 15%. If it had been sold for Rs.25 more, then would have been a gain of 20%. What is the cost price of the product? 
1. Rs.600
2. Rs.500
3. Rs.575
4. Cannot be determined
5. None of these

3. A dishonest dealer sells his goods at 20% profit. But still he uses a weight of 900 gram instead of 1 kg. What is the overall profit percentage? 
1. 11 1/9%
2. 50%
3. 20%
4. 33 1/3%
5. None of these

4. The profit earned by selling an article for Rs.2160 is the same as the loss incurred by selling the article for Rs.1440. At what price should it be sold to make a 40% profit? 
1. Rs.3600
2. Rs.2520
3. Rs.2720
4. Cannot be determined
5. None of these

5. A product sold for a loss of 10%. If he had been sold at a gain of 15%, it would have been sold for Rs.1250 more. What is the cost price of a product? 
1. Rs.5000
2. Rs.4500
3. Rs.5750
4. Cannot be determined
5. None of these
6. Kathir bought oranges at the rate of 12 for Rs.51 and sold them at the rate of 8 for Rs.38. How many oranges should be sold to earn a net profit of Rs. 50? 
1. 25
2. 75
3. 50
4. 100
5. None of these

7. If the cost price of 20 pens is equal to the selling price of 15 pens, what is the profit percent?
1. 25%
2. 75%
3. 33 1/3%
4. 37 1/3%
5. None of these

8. At what price should a shopkeeper mark a fan that cost him Rs.1200 in order that he may offer a discount of 20% on the marked price and still have a profit of 25%?
1. Rs.1875
2. Rs.1740
3. Rs. 2160
4. Data inadequate
5. None of these

9. A sold a wardrobe to B at a profit of 20% and B sold the same wardrobe to C at a profit of 40%. If C bought it for Rs.12180, how much did A pay for it? 
1. Rs.10000
2. Rs.7250
3. Rs.8700
4. Rs.6500
5. None of these

10. A person sold two articles for Rs.1500 each; he made a profit of 20% and a loss of 20% on the other. What will be the overall profit or loss in percentage? 
1 4% profit
2. 4% loss
3. 5% loss
4. 5% profit
5. No loss no profit


Profit and Loss problems with Solutions for Bank Exams

Profit & Loss Chapter Quantitative Aptitude

1). Answer: 3
20% loss = 80% of cost price
If, 80% of cost price = 6800
Then, X% of cost price = 8160
∴ X% = 80 × 8160 / 6800 = 96%
Hence, the loss = 100 – 96 = 4%

2). Answer: 2
Let the selling price of the product be x, 
115% of cost price = x
120% of cost price = x+25
∴ (x+25) × 115 = x × 120
5x = 115 × 25
∴ x = 575
Hence, the cost price of the product (C.P) = 100%
115% of cost price = 575
∴ C.P = 100 × 575/ 115 = 500

3). Answer: 4
The 20% profit of cost price = 120 
∴ the selling price of goods = 120
Cost price (900 gram) = 900 /1000 × 100 = 90
Hence, the overall profit = (120 – 90)/90 × 100 = 30 /90 × 100 = 33 1/3%

4). Answer: 2
The cost price = (2160 + 1440) / 2 = 3600/2 = 1800
40% profit of cost price = 140 × 1800 /100 = 2520

5). Answer: 1
Selling price (S.P1) = 90% of cost price
Selling price (S.P2) = 115% of cost price
Let the selling price of the product be x, 
90% of cost price = x
115% of cost price = x+1250
90 × (x+1250) = x × 115
1250 × 90 = 115x – 90x
25x =1250 × 90
∴ x = 4500
Hence, the cost price = 4500 × 100 /90 = 5000

6). Answer: 4 
12 oranges bought for Rs. 51
∴ cost price of 1 orange = 51/12 = 4.25
8 oranges sold for Rs. 38
∴ selling price of 1 orange = 38/8 = 4.75
Hence, the profit = 4.75 – 4.25 = 0.5 
Profit of 1 orange = 0.5
Profit of x oranges = 50
∴ x = 50 /0.5 = 100
Hence, 100 oranges are sold to get a profit of Rs.50

7). Answer: 3
The profit% = (20-15)/15 × 100 
= 5/15 × 100 = 33 1/3%

8). Answer: 1
20% discount = 80% of marked price = 1200
25% profit on marked price, 125%= x
∴ x = 1200 × 125 / 80 = 1875

9). Answer: 2
Rs.12180 = 140% profit of B
∴ cost price of B = 12180 × 100 / 140 = 8700
Rs.8700 = 120% of A
∴ cost price of A = 8700 × 100 / 120 = 7250
Hence, A paid for a wardrobe is Rs.7250

10). Answer: 2
The selling price of article1 = 120% of cost price = 1500
∴ cost price of article1 = 1500 × 100 / 120 = 1250
The selling price of article2 = 80% of cost price = 1500
∴ cost price of article2 = 1500 × 100 / 80 = 1875
The overall cost price = 1250 + 1875 = 3125
The overall selling price = 1500 + 1500 = 3000
∴ the overall loss = (Cost price – Selling price)/Cost price × 100
= (3125 – 3000)/3125 × 100 = 125/3125 × 100 = 4%
Hence, overall loss = 4%