Here you can download a free Profit and Loss questions PDF with answers for IBPS PO Prelims 2022 by Cracku. These are some tricky questions in the IBPS PO Prelims 2022 exam that you need to find the Profit and Loss for the given questions. These questions will help you to do practice and solve the Profit and Loss questions in the IBPS PO exams. Utilize this best PDF practice set which is included answers in detail. Click on the below link to download the Profit and Loss MCQ PDF for IBPS PO Prelims 2022 for free.<\/p>\n
Download Profit and Loss Questions for IBPS PO Prelims<\/a><\/p>\n Download IBPS PO Previous Papers<\/a><\/p>\n Question 1:\u00a0<\/b>An article was marked 33.33% above its cost price. The article was sold at a 20% discount on the marked price. If the article was sold for Rs.2016, then find out the amount of profit obtained on it.<\/p>\n a)\u00a0Rs. 134<\/p>\n b)\u00a0Rs. 148<\/p>\n c)\u00a0Rs. 126<\/p>\n d)\u00a0None of the above<\/p>\n 1)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Solution:<\/b><\/p>\n Let\u2019s assume the cost price of the article is 9y. Question 2:\u00a0<\/b>If an item is sold at a profit of 12.5% then what can be the possible ratio between its selling and cost price respectively?<\/p>\n a)\u00a07:8<\/p>\n b)\u00a09:8<\/p>\n c)\u00a08:9<\/p>\n d)\u00a0None of the above<\/p>\n 2)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Solution:<\/b><\/p>\n 12.5% is given as \u215b in fraction, if it is counted on profit then it can be said as the cost price is Rs 8 and the profit is Rs 1, so, the selling price is given as Rs 9. Question 3:\u00a0<\/b>The cost price of 95 oranges is equal to the selling price of 115 oranges. Find the approximate loss percentage.<\/p>\n a)\u00a023.49%<\/p>\n b)\u00a027.68%<\/p>\n c)\u00a019.47%<\/p>\n d)\u00a017.39%<\/p>\n 3)\u00a0Answer\u00a0(D)<\/strong><\/p>\n Solution:<\/b><\/p>\n Given, 115 SP = 95 CP Question 4:\u00a0<\/b>Reshma bought a bag at Rs. 2640 after obtaining a discount of 9.09% from the shopkeeper. If no discount was given by the shopkeeper on that bag\u2019s price and if additional 5% packing charge was taken from her on that bag\u2019s price, then find out the total amount paid by the Reshma to the shopkeeper.<\/p>\n a)\u00a0Rs. 3049.2<\/p>\n b)\u00a0Rs. 3187.6<\/p>\n c)\u00a0Rs. 3463.8<\/p>\n d)\u00a0Rs. 3721.4<\/p>\n 4)\u00a0Answer\u00a0(A)<\/strong><\/p>\n Solution:<\/b><\/p>\n Reshma bought a bag at Rs. 2640 after obtaining a discount of 9.09% from the shopkeeper. Question 5:\u00a0<\/b>P sold a watch to Q at Rs. y. Q sold the same watch to R at 10% loss. R sold the same watch to T at 33.33% profit. If the watch was purchased by T at Rs. 1176 . Then find out the $\\frac{11}{7}$ of Rs. y .<\/p>\n a)\u00a0Rs. 1420<\/p>\n b)\u00a0Rs. 1860<\/p>\n c)\u00a0Rs. 1540<\/p>\n d)\u00a0Rs. 1280<\/p>\n 5)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Solution:<\/b><\/p>\n y of (100-10)% of (100+33.33)% = 1176 $y \\times 0.9 \\times \\frac{4}{3} = 1176$<\/p>\n $y \\times 3 \\times \\frac{4}{10} = 1176$<\/p>\n $1.2y = 1176$<\/p>\n y = Rs. 980 = Rs. 1540 Question 6:\u00a0<\/b>Out of total 350 shirts, $\\frac{3}{5}$th were sold at a profit of 20% and remaining were sold at the profit of 30%, if all the shirts would have been sold at the profit of 20%, then the total profit would have been Rs 350 less than the earlier profit. Then find the cost price of each shirt.<\/p>\n a)\u00a0Rs 25<\/p>\n b)\u00a0Rs 75<\/p>\n c)\u00a0Rs 125<\/p>\n d)\u00a0Rs 100<\/p>\n 6)\u00a0Answer\u00a0(A)<\/strong><\/p>\n Solution:<\/b><\/p>\n According to the question, Number of shirts sold at a profit of 30% = 350 – 210 = 140 Cost price of all the shirt = 350x So, Question 7:\u00a0<\/b>An article was sold 12.5% above its Cost Price. If it was sold for Rs.36 less, he would have obtained a loss of 10%. Find the price at which it has to be sold to obtain a gain of 24%.<\/p>\n a)\u00a0Rs.168.67<\/p>\n b)\u00a0Rs.196<\/p>\n c)\u00a0Rs.198.4<\/p>\n d)\u00a0Rs.184<\/p>\n 7)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Solution:<\/b><\/p>\n Let the Cost Price of the article be Rs.80x. Given, Loss = 10%. 90x-36 = 72x Question 8:\u00a0<\/b>An article was sold at a certain price. If it was sold at 16.67% lesser price, there would have been a loss of 20%. Find the profit or loss percentage if it was sold at the original selling price.<\/p>\n a)\u00a03.33% profit<\/p>\n b)\u00a06.25% loss<\/p>\n c)\u00a04% loss<\/p>\n d)\u00a05% profit<\/p>\n 8)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Solution:<\/b><\/p>\n Let the original selling price be Rs.36x. Loss if it was sold at Rs.36x = $\\dfrac{37.5x-36x}{37.5x}\\times100 = \\dfrac{1.5}{37.5}\\times100 = 4$%.<\/p>\n Question 9:\u00a0<\/b>The marked price of an article is Rs.19672. It was sold at a discount of 12.5% thereby obtaining a loss of 30%. By what percentage above the Cost Price should it be marked so that after giving the same discount, there would be a profit of 40%.<\/p>\n a)\u00a045%<\/p>\n b)\u00a025%<\/p>\n c)\u00a030%<\/p>\n d)\u00a060%<\/p>\n 9)\u00a0Answer\u00a0(D)<\/strong><\/p>\n Solution:<\/b><\/p>\n Given, Marked Price = Rs.19672. Required profit = 40% Hence, Required percentage = $\\dfrac{39344-24590}{24590}\\times100 = 60$%.<\/p>\n Question 10:\u00a0<\/b>Three persons A, B and C entered into a partnership. C invested 57.14% less than that of B who invested 44.44% of the total investment. If the profit at the end of the year is Rs.79380, then find the total share of A and B in the profit.<\/p>\n a)\u00a0Rs.64960<\/p>\n b)\u00a0Rs.63840<\/p>\n c)\u00a0Rs.64260<\/p>\n d)\u00a0Rs.68210<\/p>\n 10)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Solution:<\/b><\/p>\n Let the total investment be Rs.63x. Ratio of profits = 23:28:12 Take Free IBPS PO Mock Tests<\/a><\/p>\n Question 11:\u00a0<\/b>The Cost Price of 15 items is the same as the Selling Price of 18 items. Find the percentage profit\/loss?<\/p>\n a)\u00a015.33% profit<\/p>\n b)\u00a016.67% loss<\/p>\n c)\u00a08.33% profit<\/p>\n d)\u00a012.5% loss<\/p>\n 11)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Solution:<\/b><\/p>\n Given, Subtracting 1 from both sides $\\dfrac{CP-SP}{CP} = \\dfrac{1}{6}$<\/p>\n $\\dfrac{CP-SP}{CP}\\times100 = \\dfrac{1}{6}\\times100 = 16.67$%.<\/p>\n Hence, Loss = 16.67%<\/p>\n Question 12:\u00a0<\/b>What is the marked price of an article if two successive discounts are given to the buyer first of 20% then again of 10% and finally sold at Rs 900?<\/p>\n a)\u00a0Rs 1000<\/p>\n b)\u00a0Rs 1250<\/p>\n c)\u00a0Rs 1200<\/p>\n d)\u00a0Rs 1350<\/p>\n 12)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Solution:<\/b><\/p>\n According to the question, Question 13:\u00a0<\/b>After a discount of 50% an article is sold at Rs 900. Find the cost price of the article if it\u2019s price is marked at 300%.<\/p>\n a)\u00a0Rs 675<\/p>\n b)\u00a0Rs 725<\/p>\n c)\u00a0Rs 600<\/p>\n d)\u00a0Rs 800<\/p>\n 13)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Solution:<\/b><\/p>\n According to the question, Question 14:\u00a0<\/b>When the article is sold at 25% discount its selling price is Rs 1500. What is the selling price of the article when it is sold at 42% discount?<\/p>\n a)\u00a0Rs 1375.00<\/p>\n b)\u00a0Rs 1250.50<\/p>\n c)\u00a0Rs 1087.50<\/p>\n d)\u00a0Rs 1,160<\/p>\n 14)\u00a0Answer\u00a0(D)<\/strong><\/p>\n Solution:<\/b><\/p>\n According to the question, Question 15:\u00a0<\/b>A dishonest shopkeeper sells rice at cost price but uses a weight of 800gm for a kilo, then what is the profit percent he makes from it?<\/p>\n a)\u00a020%<\/p>\n b)\u00a025%<\/p>\n c)\u00a030%<\/p>\n d)\u00a015%<\/p>\n 15)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Solution:<\/b><\/p>\n According to the question Question 16:\u00a0<\/b>The cost price of 20 plates is the same as the selling price of some plates, if he makes a profit of 25% per plate, then find the number of plates he sells at the cost price of 20 plates?<\/p>\n a)\u00a016<\/p>\n b)\u00a018<\/p>\n c)\u00a015<\/p>\n d)\u00a010<\/p>\n 16)\u00a0Answer\u00a0(A)<\/strong><\/p>\n Solution:<\/b><\/p>\n According to the question, Instructions<\/b><\/p>\n Question 17:\u00a0<\/b>The marked price of an article is Rs 1000 and three successive discounts of 20% each are given. What is the profit\/loss if the cost price is Rs.500?<\/p>\n a)\u00a0Rs 14<\/p>\n b)\u00a0Rs 12<\/p>\n c)\u00a0Rs 13<\/p>\n d)\u00a0Rs 11<\/p>\n 17)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Solution:<\/b><\/p>\n MP=1000 Question 18:\u00a0<\/b>Marked price of an article is Rs 480 and cost price of article is marked up by 20%. If the profit percent is 20% then what is the discount offered ?<\/p>\n a)\u00a010<\/p>\n b)\u00a020<\/p>\n c)\u00a030<\/p>\n d)\u00a00<\/p>\n 18)\u00a0Answer\u00a0(D)<\/strong><\/p>\n Solution:<\/b><\/p>\n MP=480 Question 19:\u00a0<\/b>A person bought 15 pens at Rs 10 each and sold 5 of them at Rs 8 and other 7 at Rs 12 and remaining at Rs 16. What is the profit\/loss percentage ?<\/p>\n a)\u00a013.66%<\/p>\n b)\u00a012.33%<\/p>\n c)\u00a014.66%<\/p>\n d)\u00a012.66%<\/p>\n 19)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Solution:<\/b><\/p>\n Total cost price=15*10 Question 20:\u00a0<\/b>Marked price of an article is Rs 400 and a discount of 10% is given. If profit percent is 30% then what is the cost price ?<\/p>\n a)\u00a0Rs 260<\/p>\n b)\u00a0Rs 270<\/p>\n c)\u00a0Rs 285<\/p>\n d)\u00a0Rs 277<\/p>\n 20)\u00a0Answer\u00a0(D)<\/strong><\/p>\n Solution:<\/b><\/p>\n MP=400
\nAn article was marked 33.33% above it\u2019s cost price.
\nMRP = (4\/3) of 9y = 12y
\nThe article was sold at a 20% discount on the marked price.
\nSP = 12y of 80% = 9.6y
\nIf the article was sold in Rs. 2016.
\n9.6y = 2016
\ny = 210
\nProfit = 0.6y = $210\\times0.6$
\n= Rs. 126
\nHence, option c is the correct answer.<\/p>\n
\nSo the ratio between the selling price and cost price is 9:8.<\/p>\n
\n$\\dfrac{SP}{CP} = \\dfrac{95}{115}$
\n$1-\\dfrac{SP}{CP} = 1-\\dfrac{95}{115}$
\n$\\dfrac{CP-SP}{CP} = \\dfrac{115-95}{115}$
\n$Loss\\% = \\dfrac{20}{115}\\times100 = 17.391\\% \\approx 17.39$.%<\/p>\n
\nActual price of bag = $2640 \\times\\frac{11}{10}$ = 2904
\nIf no discount is given by the shopkeeper on that bag\u2019s price and 5% packing charge is taken from her on that bag\u2019s price.
\nTotal amount paid by the Reshma to the shopkeeper = 2904 of 105%
\n= $2904\\times 1.05$
\nRs. 3049.2
\nHence, option a is the correct answer.<\/p>\n
\ny of 90% of 133.33% = 1176<\/p>\n
\n$\\frac{11}{7}$ of Rs. y = $\\frac{11}{7} \\times 980$<\/p>\n
\nHence, option c is the correct answer.<\/p>\n
\nLet the cost price of each shirt be Rs x,
\nNumber of shirts sold at a profit of 20% = $\\frac{3}{5}$ x 350 = 210
\nCost price of 210 shirts = 210x
\nSelling price = 120% of 210x<\/p>\n
\nCost price of 140 shirts = 140x
\nSelling price = 130% of 140x<\/p>\n
\nselling price = 120% of 350x<\/p>\n
\n120% of 210x + 130% of 140x – 120% of 350x = 350
\n252x + 182x – 420x = 350
\n14x = 350
\nx = 25
\nCost price of 1 shirt = Rs 25.<\/p>\n
\nSelling Price = 112.5% of 80x = $\\dfrac{9}{8}\\times80x = Rs.90x$
\nIf it was sold for Rs.36 less, then Selling Price = Rs.90x-36.<\/p>\n
\nSeling price if loss is 10% = 90% of 80x = Rs.72x.<\/p>\n
\n\u21d2 18x = 36
\nx = 2
\nCost Price = 80x = Rs.160.
\nRequired gain = 24%.
\nTherefore, Selling Price = 124% of 160 = Rs.198.4.<\/p>\n
\nIf it was sold at 16.67% lesser price,
\nSelling price = (100-16.67)% of 36x = $\\dfrac{5}{6}\\times36x = Rs.30x$
\nLoss = 20%
\nCost Price = $\\dfrac{30x}{(100-20)\\%} = \\dfrac{30x}{0.8} = Rs.37.5x$<\/p>\n
\nDiscount = 12.5% of 19672 = Rs.2459.
\nSelling Price = 19672 – 2459 = Rs.17213.
\nGiven, Loss = 25%.
\nThen, Cost Price = $\\dfrac{17213}{0.7} = Rs.24590$.<\/p>\n
\nThen, Selling Price should be 140% of 24590 = Rs.34426.
\nMarked Price $\\times$ (100-12.5)% = 34426
\nMarked Price = $34426\\times\\dfrac{8}{7} = Rs.39344$.<\/p>\n
\nB\u2019s investment = 44.44% of 63x = $\\dfrac{4}{9}\\times63x = Rs.28x$
\nC\u2019s investment = (100-57.14)% of 28x = $\\dfrac{3}{7}\\times28x = Rs.12x$
\nA\u2019s investment = 63x-28x-12x = Rs.23x<\/p>\n
\nGiven, Total profit = Rs.79380.
\nProfit of A and B = $\\dfrac{51}{63}\\times79380 = Rs.64260$.<\/p>\n
\n15CP = 18SP
\n5CP = 6SP
\n$\\dfrac{SP}{CP} = \\dfrac{5}{6}$<\/p>\n
\n$1-\\dfrac{SP}{CP} = 1-\\dfrac{5}{6}$<\/p>\n
\nLet the marked price be x
\nSo first after 20% discount = x-20%ofx = 4x\/5
\nSecondly after 10% more discount = 4x\/5 – 10% of 4x\/5 = 18x\/25
\nSo,
\n18x\/25 = 900 hence x =1250
\nSo the marked price is Rs 1250.<\/p>\n
\nSelling price after 50% discount = Rs 900
\nWe know selling price without discount = marked price
\nSo marked price = 900 + 50% of marked price
\nNow, let the cost price be Rs x
\nSo marked price = 300% of x
\nso, 3x = 900+ 50% of 3x\u00a0; x = 600
\nHence the cost price of the article = Rs 600.<\/p>\n
\nGiven selling price of article at 25% discount = 1500
\nSo marked price of article = Rs 2000
\nSo selling price after 42% discount = 2000 – 42% of 2000 = Rs 1,160<\/p>\n
\nError value =(1000 – 800)gm = 200, true value = 1000gm or 1kg
\nSo we know
\nProfit % = $(\\frac{error}{true value – error})\\times 100$
\n= $\\frac{200}{800} \\times100$ = 25%
\nHence the correct answer is option b.<\/p>\n
\nLet the cost price of 20 plates be x
\nSo cost price of 1 plate = $\\frac{x}{20}$
\nSo selling price of \u201cy\u201d number of plates = x
\nSelling price of 1 plate = $\\frac{x}{y}$
\nWe know,
\nSelling price of 1 plate = cost price + 25% of Cost price
\n$\\frac{x}{y} = \\frac{x}{20} + 25 \\% of \\frac{x}{20}$ solving this we get y = 16
\nSo he sells 16 plates on the cost of 20 plates.<\/p>\n
\nThree successive discounts of 20% each and so SP=1000*(80\/100)(80\/100)(80\/100)
\nSP=512
\nProfit=512-500
\n=12
\nHence, option B is the correct answer.<\/p>\n
\n1.2*CP=480
\nCP=400
\nSP=MP-d
\nSP=480-d
\n$\\frac{480-d-400}{400}\\times100$=20
\n80-d=80
\nd=0
\nHence, option D is the correct answer.<\/p>\n
\n=150
\nTotal selling price=5*8+12*7+3*16
\n=40+84+48
\n=172
\nProfit percent=$\\frac{172-150}{150}\\times100$
\n=14.66%
\nHence, option C\u00a0is the correct answer.<\/p>\n
\nSP=MP-discount
\nSP=400*90\/100
\nSP=360
\nCost price=360*10\/13
\nCost price=Rs 277 (approx)
\nHence, option D\u00a0is the correct answer.<\/p>\n