Profit And Loss Questions For IBPS Clerk Set-3 PDF

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Question 1: Vishal sold an article for Rs 1,840 and made 15 per cent profit on the discounted price he bought.If the discount was 20 per cent.What was the original price ?

a) Rs 1,900

b) Rs 1,600

c) Rs 2,400

d) Can’t be determined

e) None of these

Question 2: Mohan purchased an article and sold it for Rs 2817.50 and earned 15 per cent profit on the cost price. What was the cost price of the article ?

a) Rs 2,500

b) Rs 2,450

c) Rs 2,550

d) Rs 3,315

e) None of these

Question 3: ‘A’ bought a certain quantity of oranges at total cost of Rs. 1200. He sold 1/3rd of those oranges at 20% loss. If A earns an overall profit of 10%, at what percent profit did A sell the rest of the oranges ?

a) 16%

b) 15%

c) 22%

d) 26%

e) 20%

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Question 4: ‘A’ sold an article for Rs. 8000 and incurred a loss. Had he sold the article for Rs. 9800 his gain would have been twice the amount of loss. At what price should the article be sold to earn 20% profit ?

a) Rs. 10,840

b) Rs. 9,820

c) Rs. 10,320

d) Rs. 9,840

e) Rs. 10,480

Question 5: A trader has 600 kgs of rice, a part of which he sells at 15% profit and the remaining quantity at 20% loss. On the whole, he incurs an overall loss of 6%. What is the quantity of rice he sold at 20% loss ?

a) 250 kgs

b) 320 kgs

c) 420 kgs

d) 360 kgs

e) 480 kgs

Question 6: A shopkeeper bought 84 identical shirts priced at Rs. 240 each. He spent a total of Rs. 3200 on transportation and packaging. He put the label of marked price of Rs.420 on each shirt. He offered a discount of 15% on each shirt at the marked price. What is the total profit of the shopkeeper in the whole transaction ?

a) Rs. 6258

b) Rs. 6528

c) Rs. 6268

d) Rs. 6628

e) None of these

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Question 7: A seller marks the price 50% above the cost price and gives 10% discount on an item.While selling, he cheats customer by giving 20% less in weight. Find his overall profit percent (approximate) ?

a) 26%

b) 65%

c) 68%

d) 72%

e) 76%

Question 8: Cost price of two beds are equal. One bed is sold at a profit of 30% and the other one for Rs. 5,504/less than the first one. If the overall profit earned after selling both the beds is 14%, what is the cost price of each bed ?

a) Rs. 17,000

b) Rs. 16,800

c) Rs. 17,600

d) Rs. 17,800

e) Rs. 17,200

Question 9: Cost price of two beds are equal. One bed is sold at a profit of 25% and the other one for Rs.6,596/less than the first one. If the overall profit earned after selling both the beds is 8%, what is the cost price of each bed ?

a) Rs. 20,400

b) Rs.17,400

c) Rs. 18,600

d) Rs. 19,400

e) Rs. 16,800

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Question 10: The cost of pure milk is Rs. 16 per litre. On adding water, the mixture is sold at Rs. 15/litre. In this way the milkman earns 25% profit. What is the ratio of milk and water in the mixture ? Assume the cost of water be Rs 0

a) 3 : 1

b) 7 : 25

c) 15 : 1

d) 1 : 15

e) None of these.

Question 11: Three persons A, B and C start a business with 12800, 16800 and 9600 respectively. At the end of the year. B received Rs. 13125 as share in total profit. What is the share of Mr. C in the profit ?

a) Rs. 7850

b) Rs. 7550

c) Rs. 7500

d) Rs. 8500

e) None of these

Question 12: A shopkeeper has goods of worth 6000. He sold half of the goods at a gain of l2%. At what profit percent should he sell the remaining half of the stock so that he gets 18% profit on the whole ?

a) 25%

b) 24%

c) 18%

d) 21%

e) None of these

Question 13: A merchant bought some goods worth Rs. 6000 and sold half of them at 12% profit. At what profit per cent should he sell the remaining goods so as to make an overall profit of 18%?

a) 24

b) 28

c) 18

d) 20

e) 26

Question 14: Savita sold an item for 6,500 and incurred a loss of 20%. At what price should she have sold the item to have gained a profit of 20%?

a) 10,375

b) 9,750

c) 8,125

d) Cannot be determined

e) None of these

Question 15: Manoj incurred a loss of 40 percent on selling an article for 5,700. What was the cost price of the article ?

a) 7,725

b) 9,080

c) 8,250

d) 9,400

e) None of these

Question 16: Sunil sold an antique flower vase to Vinay at 12% more than the cost price. If Vinay paid 17,696 for the vase what was its original cost price ?

a) 15,500

b) 15,820

c) 15,800

d) 15,520

e) None of these

Question 17: Kiran sold an item for 28,160 and Incurred a loss of 15°4). At what price should she have sold the item to have Oiled a profit of 25% ?

a) 12,200

b) 12,300

c) 13,000

d) Cannot he determined

e) None of these

Question 18: Mr. Bagdi purchased an Air Con ditioner for Rs. 12.000 and sold it for Rs. 15,000. What was the profit percentage ?

a) 25

b) 35

c) 20

d) 15

e) None of these

Question 19: Sujit incurred a loss of 45 percent on selling art article for Rs. 3,740. What was the cost price of the article ?

a) Rs. 5,725

b) Rs. 5,080

c) Rs. 6,250

d) Rs. 6,400

e) None of these

Question 20: Mehul sold an item for Rs. 5.025 and incurred a loss of 25% At what price should he have sold the item to have gained a profit of 25% ?

a) Rs. 8.375

b) Rs. 10,500

c) Rs. 8,250

d) Cannot be determined

e) None of these

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Answers & Solutions:

1) Answer (E)

let the original price be Rs y

So after 20% discount it becomes = 0.8 y

Now as the article is sold at 15 % profit so Selling Price = 1.15 × 0.8 y = 1840

y = Rs 2000

2) Answer (B)

Let the cost price of the article be C.
As the profit percentage is 15%, the selling price equals 1.15C

1.15C = 2817.50
Hence, C = 2450

So, the cost price of the article is Rs. 2450

3) Answer (D)

let the cost of each orange be y Rs and number of oranges be z

So yz = 1200

he sold 1/3rd of oranges at 20% loss so total selling cost = $\frac{z}{3}\times(0.8y)$

over all profit is 10%. and assume that remaining oranges are m % profit .

so,

$\frac{z}{3}\times(0.8y)$ + $\frac{2z}{3}\times(y + ym/100)$ = 1.1zy

0.267zy + 0.66zy + (0.66zmy/100) = 1.1zy

0.66zmy/100 = 0.17 zy

m = 26 %

4) Answer (C)

let the cost price of article be Rs C

As selling price is Rs 8000 ,loss = Rs (C – 8000 )

Now if selling price is changed to Rs 9800 then profit = Rs (9800 -C)

Given that 9800 – C = 2(C-8000)

C = 25800 /3 = Rs 8600

In order to earn 20 percent profit the selling price should be 1.2 C = 1.2 × 8600 = Rs 10320

5) Answer (D)

let the cost of per kg rice be Rs y

Let the amount of rice sold at 15% profit be m kg and so the rice sold at 20% loss be (600-m)kg

selling price of m kg rice which is sold at profit = 1.15y per kg × m

Selling price of (600-m) kg rice at 20% loss = 0.8y × (600-m)

Over all loss is = 6%

So,1.15my + 480y – 0.8my = 0.94×600y= 564y

84y = 0.35my

m = 240 kg

So amount of rice sold at 20% loss = 600-240 = 360 kg

6) Answer (D)

total cost of buying 84 shirts at Rs 240 each = Rs(84×240) = Rs 20160

Transportation cost = Rs 3200

Total cost = 3200 + 20160 = Rs 23360

As 15 % discount is given on marked price of 420 so selling price = 0.85 x 420 = Rs 357

total selling price of 84 shirts = 84 x 357 = Rs 29988

Total profit = 29988 – 23360 = Rs 6628

7) Answer (C)

Let the cost price be Rs 100 and amount of product be 100 gm

Now there is 50% markup so the marked price becomes Rs 150

Now after 10% discount on Marked price the selling price = Rs (150 – 15) = Rs 135

Now it is said that he only sale 80 % of the quantity So,

he is selling 80 gm in 135 Rs which means SP of 1 gm is = Rs 1.6875

Cost price of 1 gm = Rs 1

So profit percentage is 68.75 % ~ 68%

 

8) Answer (E)

Let the cost price of each bed Rs C per bed

Selling price of one bed (S1) = 1.3 C

Selling Price of another friend (S2) = 1.3C – 5504

it is given that overall profit is 14 % on selling both beds so ,

S1 + S2 = 1.14(2C)

1.3C + 1.3C – 5504 = 2.28C

0.32C = 5504

C = Rs 17200

9) Answer (D)

Let the cost price of two beds be Rs C per each bed

Now at one bed the profit earned is 25% so its Selling Price(SP1) = 1.25 C

Another bed Selling Price is (SP2) = 1.25 C – 6596

It is given that overall profit is 8 % so,

SP1 + SP2 = 1.08(2C)

1.25C + 1.25C – 6596 = 1.08×2 C

2.5C – 2.16C = 6596

C = Rs 19400

10) Answer (A)

As the Milkman is making 25% profit on selling milk and water solution at Rs 15 , the Cost price of water and Milk solution is $\frac{15}{1.25}$ = Rs 12

let the amount of pure milk be x litre and amount of water mixed with it be y litre.

So using , $\frac{16x}{x + y} = 12$

= $\frac{x}{y} = \frac{3}{1}$

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11) Answer (C)

Given that A, B and C start a business with 12800, 16800 and 9600 respectively. Time period for which all of them remain invested = 12 months

So division of profits would be in the ratio (12800 X 12) : (16800 X 12) : (9600 X 12)

A : B : C = 16 : 21 : 12

let the profit be Rs P

Given that share of B is Rs 13125

$\frac{21}{49}X P$ = 13125

P = 30625

Share of C = $\frac{12}{49}\times 30625$ = Rs 7500

12) Answer (B)

total cost price of goods = Rs 6000

Cost price of half goods = Rs 3000

Selling prices of half goods = 1.12 × 3000 = Rs 3360

Total profit assumed is 18 % which means total selling price should be = 1.18 × 6000 =Rs 7080

Selling price if remaining half items = 7080 – 3360 = Rs 3720

Profit percent for another half = $\frac{3720-3000}{3000}\times100$

= 24 %

13) Answer (A)

Total profit to be made = 18%
Profit already made = 6% (12% on half of total value means 6% on total value)
Profit remaining = 12%

Since 12% profit is to be earned on 100% of the quantity, 24% of profit is to be made on half of the qunatity.

14) Answer (B)

C.P of article = 6500 * (100/80)

= Rs. 8125

S.P for a gain of 20% = (8125*120)/100 = Rs. 9750

15) Answer (E)

SP = 5700

Loss percentage = 40%

(CP-SP)/CP = 40/100

CP = $ (5/3) \times SP $

= 9500

16) Answer (C)

Let the cost price of antique flower vase be Rs x
According to given condition
x + 12% of x = 17696
1.12x = 17696
x = $\frac{17696}{1.12}$
= 15800
The original cost price of vase is Rs 15800.

17) Answer (E)

Selling Price = Cost Price$\times$(1-$\frac{\text{Loss percentage}}{100}$)
28,160 = Cost Price$\times$(1-0.15)
28,160 = Cost Price$\times$(0.85)$\approx$33129
Selling Price for profit of 25% = Cost Price $\times$ (1+0.25) = 33129$\times$1.25 $\approx$ =41411
Hence Option E is the correct answer.

18) Answer (A)

CP of Air Conditioner = Rs 12000
SP of Air Conditioner = Rs 15000
Profit = Rs 3000
Profit % = 3000 $ \times \frac{100}{12000}$ = 25%

 

19) Answer (E)

Loss = 45%
=>$ 0.55* \text{Cost price} = 3,740$

Cost price = $\frac{3740}{0.55}$ = $6800$
Hence, option E is the right answer.

20) Answer (A)

Mehul Selling Price = Rs.5.025
Loss = 25%
Using S.P=C.P(1-(loss/100)) ,
We get S.P = 0.75C.P
=> C.P = Rs.6.7

Now again,
S.P=C.P(1+(profit/100))
Profit=25 % and C.P.=6.7
We get S.P = 1.25*6.7
S.P=Rs. 8.375

Option A is the right answer.

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