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Profit & Loss Solved Questions For IBPS, SBI and Other Bank Exams - Page 4

You will find 26 problems in 7 pages..

Profit & Loss Solved Questions (Page 4 of 7)

Question 1

A man buys a system table for Rs.800 and sells it for Rs.1200. Find his gain percentage.
a) 25 b) 50 c) 75 c) 80

Answer : b) 50

Solution :

The cost price(C.P) of the table = Rs.800
Selling price(S.P) = Rs.1200
Gain = S.P - C.P = 1200 - 800 = Rs.400

  C.P	 gain
  800	 400
  100	   ? 

Therefore, Gain percentage = 400 x 100 / 800 = 50%
Hence the answer is 50.


Question 2

Sonu bought some articles for Rs.490 and sold for Rs.465.50 then the loss percentage is:
a) 5 b) 10 c) 20 d) 25

Answer : a) 5

Solution :

Given that the C.P = Rs.490
And the S.P = 465.50
Then loss = C.P - S.P
490 - 465.50 = Rs.24.50
Therefore loss percentage = 24.50 x 100 / 490 = 5%
Hence the answer is 5.


Question 3

Shiva purchased some fruits for Rs.56.25 and sold at 20% gain then the selling price of the fruit is:
a) Rs.50 b) Rs.65.50 c) Rs.67.50 d) 63.50

Answer : c) 67.50

Solution :

Here gain % = 20%
Suppose C.P = 100 and gain 20% then S.P = 120.
Now, C.P = 56.25
S.P = 120 x 56.25 / 100 (i.e., 120% of 56.25)
s.p = 67.50
Hence, the required answer is Rs.67.50


Question 4

Ram buys some stationary items for Rs.80.40. Then he sold at 15% loss. The selling price is:
a) Rs.68 b) Rs.65 c) Rs.62 d) Rs.63

Answer : a) Rs.68

Solution :

Here, loss % = 15%.
i.e, if C.P = Rs.100 , loss = Rs.15 then S.P = Rs.85
But C.P = Rs.80.40 then S.P = (85% of 80.40)
= 85 x 80.40 / 100 = 68.34

Hence the answer is Rs.68(approximately)


Profit & Loss Solved Questions (Page 4 of 7)

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