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

**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.