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Profit & Loss Solved Questions For IBPS, SBI and Other Bank Exams - Page 3

You will find 26 problems in 7 pages..

Profit & Loss Solved Questions (Page 3 of 7)

Question 1

A seller expects a gain of 25% on his cost price. If in a month, his sale was Rs.8000, what was his profit?
a) Rs.1000 b) Rs.2000 c) Rs.1600 d) Rs.2600

Answer : c) Rs.1600

Solution :

The seller expects a gain of 25% on cost price.
Let the cost price be Rs.100 and to get a gain of 25% the selling price should be Rs.125.

In a month his sale was Rs.8000

	S.P	C.P
	125	100
	8000	 ?

i.e., the cost price of that month = 100 x 8000 / 125 = Rs.6400
Then the profit = S.P - C.P = Rs. 8000 - 6400 = Rs.1600


Question 2

If the selling price of 25 pens is equal to the cost price of 35 pens, then the profit percentage is:
a) 10 b) 40 c) 15 d) 21

Answer : b) 40

Solution:

Let S.P of each pen = Re.1
Then S.P of 25 pens = Rs.25
And S.P of 35 pens = Rs.35
Since S.P of 25 pens = C.P of 35 pens
Then C.P of 35 pens = Rs.25
Therefore gain% = (10/25)x100 % = 40%
Hence the answer is 40%


Question 3

What percent of selling price would be 30% of cost price if the profit is also a 30% of the selling price?

a) 21 b) 34 c) 81 d) 52

Answer : a) 21

Solution:

Let the selling price be Rs.100
Then profit = Rs.30
Therefore C.P = 100 - 30 = Rs.70
Then, 30% of C.P = 30x70 / 100 = Rs.21
We have to find, how much % of S.P is 21
Let X% of S.P be 21.
i.e., X/100 x 100 = 21
X = 21
The required % is 21.


Profit & Loss Solved Questions (Page 3 of 7)

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