Hello Friends, We are sharing some important Profit and Loss Questions Solutions IBPS PO Clerk 2017 2018. These Profit and Loss Problems With Solutions are very important for IBPS Clerk, SBI PO exam and IBPS PO & other upcoming exams like for SSC, CAT, XAT, NMAT, MAT & other exams 2017.
Profit and Loss Questions Solutions IBPS PO Clerk provided by Bank4Study.com will help you a lot in your goal to crack the test. You will be taught to solve these questions better by solving many Profit and Loss problems.
You need to practice as many Profit and Loss Questions as possible for Competitive Exams to know Profit and Loss techniques. Profit and Loss Problems With Solutions for Bank Exams will help you master the concepts of Profit and Loss better. Once you are sure that you have mastered the concepts involved in Profit and Loss, then you can easily crack the Quantitative Section of Exams.
In this post we are sharing Profit and Loss Questions Solutions for SBI IBPS PO Clerk which will give benefit you to solve Profit & Loss related questions in IBPS & SBI examinations of PO & Clerk.
Profit Loss Questions Solutions IBPS Clerk
Q 1. What profit/loss per cent did Ravi earn if he purchased an item of Rs 5,600 and sold it at three fourth of its cost price ?
- (a) Loss of 20 per cent
- (b) Gain of 25 per cent
- (c) Neither gain nor loss
- (d) Loss of 15 per cent
- (e) None of these
1. (5) S.P. = 5600 × ¾ = Rs. 4200
Loss = 5600 – 4200 = Rs. 1400
∴ Loss percentage = Loss/ Cost price × 100 = 1400/5600 × 100 = 25%
Q 2. Prasad sold his work tools for Rs 1850 and earned a profit of 25 per cent. At what price did Prasad buy the work tools?
- (a) Rs 1,360
- (b) Rs 1,300
- (c) Rs 1,240
- (d) Rs 1,480
- (e) None of these
2. (4) C.P = 100/(100 + Profit per cent) × S.P.
= 100/125 × 1850 = Rs. 1480
Q 3. Rehaan purchased a bike for Rs. 54,000.He sold it at a loss of 8 per cent. With that money he again purchased another bike and sold it at a profit of 10 per cent. What is his overall loss/ profit ?
- (a) Loss of Rs. 657
- (b) Profit of Rs. 567
- (c) Loss of Rs. 648
- (d) Profit of Rs. 648
- (e) None of these
3. (4) First S.P. = 54000 × 92/100 = Rs.49680
Second SP = 49680 × 110/100 = Rs. 54648
∴ Profit = 54680 – 54000 = Rs. 648
Q 4. Meera purchased an item for Rs. 62,000 and sold it at loss of 25 percent. With that amount she purchased another item and sold it at a gain of 30 percent. What was her overall gain/loss?
- (a) Loss of Rs. 1560
- (b) Profit of Rs. 1560
- (c) Loss of Rs. 1550
- (d) Profit of Rs. 1550
- (e) None of these
4. (3) Last selling price = 62000 × 75/100 × 130/100 = Rs. 60450
∴ Loss = Rs. (62000 - 60450) = Rs.1550
Q 5. Seema purchased an item for Rs. 9,600 and sold it for a loss of 5 percent. From that money she purchased another item and sold it for a gain of 5 percent, What is her overall gain/loss?
- (a) Loss of Rs. 36
- (b) Profit of Rs. 24
- (c) Loss of Rs. 54
- (d) Profit of Rs. 36
- (e) None of these
5. (5) First S.P.= 9600 × 95/100 = Rs. 9120
Second S.P.= 9120 × 105/100 = Rs. 9576
∴ Loss = Rs. (9600 - 9576) =Rs. 24
Q 6. Kamya purchased an item of Rs. 46,000 and sold it at a loss of 12 percent. With that amount she purchased another item and sold it at a gain of 12 percent. What was her overall gain/loss?
- (a) Loss of Rs. 662.40
- (b) Profit of Rs. 662.40
- (c) Loss of Rs. 642.80
- (d) Profit of Rs. 642.80
- (e) None of these
6. (1) First S.P = 46000 × 88/100 = Rs. 40480
Second S.P. = 40480 × 112/100 =Rs. 45337.6
∴ Loss = Rs. (46000 – 45337.6) = Rs. 662.4
Q 7. Three partners A, B and C started a business with an investment of Rs. 14000 each. A withdrew Rs. 2000 after two months. B invested Rs. 2000 more and C invested Rs. 4000 more at the same time. Total profit earned at the end of the year was Rs. 54400. Find A’s share in the profit.
- (a) Rs. 14800
- (b) Rs. 14600
- (c) Rs. 14680
- (d) Rs. 15800
- (e) None of these
7. (1) Ratio of equivalent capitals of A,B and C for one month = (2 × 14000 + 10 × 12000) : (2 × 14000 + 10 × 16000) : (2 × 14000 + 10 × 18000)
= (28000 + 120000) : (28000 + 160000) : (28000 + 180000)
= 148000 : 188000 : 208000
= 37 : 47 : 52
Sum of ratios = 37 + 47 + 52 = 136
A’s share = 37/136 × 54400 = Rs. 14800
Q 8. A man sells calculator at the rate of Rs. 250 each which includes a profit of 14 per cent. What amount of profit will he earn in 19 days if he sells seven calculators per day ?
- (a) Rs. 4665
- (b) Rs. 4565
- (c) Rs. 4545
- (d) Rs. 4655
- (e) None of these
8. (5) Profit on one calculator = Rs. (250 × 14/114)
∴ Total profit = (7 × 19 × 250 × 14)/114 = Rs. 4083
Q 9. An article was sold for Rs. 5220 at a loss of 42% of the cost price. What will be the selling price of the article for a profit of 42% ?
- (a) Rs. 12580
- (b) Rs. 17280
- (c) Rs. 12780
- (d) Rs. 15280
- (e) None of these
9. (3) C.P. of article = 5220 × 100/(100 - 42)
= (5220 × 100)/58 = Rs. 9000
∴ Required S.P. = 9000 × 142/100 = Rs. 12780
Q 10. A shopkeeper sells two watches for Rs. 308 each. On one he gets 12% profit and on the other 12% loss. His profit or loss in the entire transaction was ?
- (a) 36/25% loss
- (b) 36/25% gain
- (c) 77/25 % loss
- (d) 77/25 %gain
- (e) None of these
10. (1) Loss per cent = [(Common gain or loss)/10]2%
= (12/10)2 % = 36/25%