SBI CLERK 2018 Quantitative Aptitude Quiz No- 7 “Profit & Loss”
On this quiz no 07 you will practice Speed Time & Distance Questions for bank exams like SBI Clerk Pre 2018, IBPS Clerk Pre, IBPS RRB 2018 and other 2018 banking exams with detailed Solution, all types of questions with tricky solution at free of cost
1.A Shopkeeper buys two bicycles for Rs.
750. He sells first bicycle at a profit of 22%
and the second bicycle at a loss of 8%.
What is the SP of first bicycle if in the
whole transaction there is no profit no loss?
A) Rs506
B) Rs244
C) Rs185
D) Rs230
E) None
2.The cost price of item B is Rs. 200/- more
than the cost price of item A. Item A was
sold at a profit of 20% and item B was sold
at a loss of 30%. If the respective ratio of
selling prices of items A and B is 6 : 7,
what is the cost price of item B?
A) Rs520
B) Rs430
C) Rs400
D) Rs360
E) None
3.Two Mangoes, three grapes and four apples
cost Rs. 15. Three Mangoes, two grapes and one apple cost Rs. 10. I bought 3
Mangoes, 3 grapes and 3 apples. How
much did I pay?
A) Rs15
B) Rs18
C) Rs20
D) Rs25
E) None
4.A watch dealer incurs an expense of Rs.
150 for producing every watch. He also
incurs an additional expenditure of Rs.
30,000, which is independent of the
number of watches produced. If he is able
to sell a watch during the season, he sells it
for Rs. 250. If he fails to do so, he has to
sell each watch for Rs. 100.If he produces
1500 watches, what is the number of
watches that he must sell during the season
in order to breakeven, given that he is able
to sell all the watches produced?
A) 580
B) 620
C) 650
D) 700
E) None
5.A dealer offers a cash discount of 20% and
still makes a profit of 20%, when he further
allows 16 articles to a dozen to a
particularly sticky bargainer. How much
per cent above the cost price were his
wares listed ?
A) 100%
B) 80%
C) 75%
D) 85%
E) None
6.Profit earned by an organisation is
distributed among officers and clerks in the
ratio of 5 : 3. If the number of officers is 55
and the number of clerks is 70 and the
amount received by each officer is
Rs12,000, what was the total amount of
profit earned?
A) Rs11 Lakh
B) Rs12.25Lakh
C) Rs10.56Lakh
D) Rs16Lakh
E) None
7.The percentage profit earned by selling an
article for Rs. 2120 is equal to the
percentage loss incurred by selling the
same article for Rs. 1520. At what price
should the article be sold to make 25%
profit?
A) Rs2275
B) Rs2100
C) Rs2650
D) Rs2400
E) None
8.A purchased a machine at Rs 13,000 , then
got it repaired at Rs 3500, they gave its
transportation charges Rs500. Then he sold
it at 50% profit. At what price he actually
sold it?
A) Rs18500
B) Rs25500
C) Rs22200
D) Rs19600
E) None
9.In a certain store, the profit is 270% of the
cost. If the cost increases by 30% but the
selling price remains constant,
approximately what %ge of the selling
price is the profit.
A) 68%
B) 72%
C) 50%
D) 65%
E) None
10.A person X sold an Item to Y at 40% loss,
then Y sold it to third person Z at 40%
profit and finally Z sold it back to X at 40%
profit. In this whole process what is the
percentage loss or profit of X?
A) 70%
B) 62.5%
C) 57.6%
D) 55%
E) None
Answer
1.Option B
Solution:
CP of 1st bicycle =x
Then CP of 2nd bicycle is 750-x.
Their SP be 122/100*x and 92/100*(750-x)
Given that there is no profit no loss.
122/100*x + 92/100*(750-x) =750
122x +750*92 -92x=750*100
122x – 92x=750*100 – 750*92
30x = 750 * (100-92)
X=200.
SP of 1st bicycle =122/100 *200=Rs244.
2.View Answer
Option C
Solution:
Let the CP of item A be x
CP of item B is x+200.
(120/100*x)/(x+200)*70/100 =6/7
120x/(x+200)*70=6/7
20x/10(x+200)=1
X=Rs200.
CP of item B is 200+200 =Rs400.
3.Option A
Solution:
Mango=X;. Grape = Y; Apple =Z ;
2X+3Y+4Z= 15— 1
3X+2Y+Z= 10— 2
Adding (1) and (2) 5X+5Y+5Z= 25
Clearly, X+ Y+Z = 5.
So cost of 3 Mangoes, 3 grapes and 3
apples will be 3X+3Y+3Z i.e, 15
4.Option D
Solution:
Total cost to produced 1500 watches =
(1500 × 150 + 30000) = Rs. 2,55,000
Let he sells x watches during the season,
therefore
number of watches sold after the season =
(1500 – x)
250 × x + (1500 – x) × 100 = 150x +
150000
Now, break-even is achieved if production cost is equal to the selling price.
150x + 150000 = 2,55,000
x = 700
5.Option A
Solution:
MP=120/(80/100)=150
Now he is selling 16 goods to a dozen(ie
12),
so his loss = {(16-12)/16} x100 = 25%.
Then the actual MP 150/(75/100)=200
Hence, he has marked the MP 100% above
the CP
6.Option C
Solution:
The total amount distributed among 55
officers = Rs.55×12000 = Rs.6,60,000.
Their ratio 5:3
Then 5 660000
3 ? 396000
Total profit = 6,60,000 + 396000
=Rs10,56,000.
7.Option A
Solution:
The CP be
2120+1520=3640
3640/2=1820.
SP=1820*125/100=1820*5/4
=Rs2275
8.Option B
Solution:
The CP is 13000+3500+500=17000
Then SP
100 17000
150 ? ==> 25500
9.Option D
Solution:
Let C.P.= Rs. 100.
Then, Profit = Rs. 270,
S.P. = Rs. 370.
New C.P. = 130% of Rs. 100 = Rs. 130
New S.P. = Rs. 370.
Profit = Rs. (370 – 130) = Rs. 240
Required percentage = (240/370) * 100
= 64.86 =65%(approx)
10.Option C
Solution:
Let the CP = Rs.100. for X.
Y’s CP = Rs.60.
Z’s CP = Rs.84.
Finally, X’s CP = Rs.117.6.
:. X’s loss = 117.6 – 60 = Rs.57.6
:. X’s loss percent = 57.6%
