{"id":22854,"date":"2018-10-25T18:40:03","date_gmt":"2018-10-25T13:10:03","guid":{"rendered":"https:\/\/cracku.in\/blog\/?p=22854"},"modified":"2018-10-25T18:40:03","modified_gmt":"2018-10-25T13:10:03","slug":"profit-and-loss-questions-and-answers-for-bank-exams-pdf","status":"publish","type":"post","link":"https:\/\/cracku.in\/blog\/profit-and-loss-questions-and-answers-for-bank-exams-pdf\/","title":{"rendered":"Profit and Loss Questions and Answers for Bank Exams PDF"},"content":{"rendered":"

Profit and Loss Questions and Answers for Bank Exams PDF:<\/strong><\/span><\/h1>\n

Profit and Loss Questions And Answers for Banking exams of IBPS, SBI PO & Clerk, RBI with solutions. Practice questions on profit and loss based on previous papers for bank exams.<\/p>\n

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Question 1:<\/strong>\u00a0If an article is sold at Rs. 304.5, the shopkeeper incurs a loss of 13%. What should be his selling price to gain a profit of 13%?<\/p>\n

a) Rs. 395.5
\nb) Rs. 387.5
\nc) Rs. 399
\nd) Rs. 391.5
\ne) Rs. 401<\/p>\n

Question 2:<\/strong>\u00a0Mukesh buys a pen at a certain price. He marks up the price of the pen by 30 percent. He then starts offering a discount of 20 percent. If Mukesh makes a profit of 16 rupees in the transaction then find the price at which he bought the pen.<\/p>\n

a) 500
\nb) 600
\nc) 400
\nd) 800
\ne) 1000<\/p>\n

Question 3:<\/strong>\u00a0A shopkeeper buys some pins at 5 pins a rupee. How should he sell the pins if he wants to realize a profit of 50% ?<\/p>\n

a) 20 pins for 5 rupees
\nb) 8 pins for 2 rupees
\nc) 12 pins for 4 rupees
\nd) 30 pins for 5 rupees
\ne) 10 pins for 3 rupees<\/p>\n

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Question 4:<\/strong>\u00a0Mukesh buys a pen at a certain price. He marks up the price of the pen by 30 percent. He then starts offering a discount of 20 percent. If Mukesh makes a profit of 16 rupees in the transaction then find the price at which he bought the pen.<\/p>\n

a) 500
\nb) 600
\nc) 400
\nd) 800
\ne) 1000<\/p>\n

Question 5:<\/strong>\u00a0A shopkeeper buys a dozen fruits for Rs. 3. At what price must he sell the fruits if he wants to realize a profit of 20 %?<\/p>\n

a) 9 fruits for 30 rupees
\nb) 6 fruits for 15 rupees
\nc) 10 fruits for 6 rupees.
\nd) 90 fruits for 30 rupees
\ne) 50 fruits for 15 rupees<\/p>\n\n

Question 6:<\/strong>\u00a0A shopkeeper buys pencils at the prize of Rs. 150 a dozen. Then, he marks up the price of each pencil by 20%. If he offers 2 consecutive discounts of 10%, what is his overall profit\/loss percentage?<\/p>\n

a) 1.25% profit
\nb) 1.2% profit
\nc) 1.4% profit
\nd) 1.4% loss
\ne) 2.8% loss<\/p>\n

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Question 7:<\/strong>\u00a0A shopkeeper marks up the price of an article by x%. Then, he offers a discount of (x\/2)%.If he ends up with a loss of 48%, then the value of x is<\/p>\n

a) 120
\nb) 80
\nc) 140
\nd) 160
\ne) 60<\/p>\n

Question 8:<\/strong>\u00a0Gugan sold a computer to Raj by marking the price up by 20%. Raj then sold the computer to Hari at a profit of 30%. Hari sold the computer to Balu at a profit of 50%. If Balu bought the computer by paying Rs. 1560 more than the price at which Hari bought the computer, what is the actual cost price of the computer?<\/p>\n

a) Rs.1000
\nb) Rs.2000
\nc) Rs.3000
\nd) Rs.4000
\ne) Rs.5200<\/p>\n

Question 9:<\/strong>\u00a0A retailer bought 5 dozen notebooks. He got these notebooks at 30% less than printed price. To clear his stock soon he offered 1 notebook free on buying 4 notebooks. If the retailer sold all notebooks on printed price, what\u2019s is retailer\u2019s profit percentage in this transaction?<\/p>\n

a) 28.57%
\nb) 21.35%
\nc) 12.48%
\nd) 42.89%
\ne) 14.28%<\/p>\n

Question 10:<\/strong>\u00a0To meet the demand during summer, a milkman mixed water with pure milk in 2:5. Then he sold the same mixture at 20% more than normal price. By what percent his revenue will increase during summers? (Water is available without any cost)<\/p>\n

a) 60 percent
\nb) 50 percent
\nc) 40 percent
\nd) 68 percent
\ne) 63 percent<\/p>\n

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Answers & Solutions:<\/strong><\/p>\n

1) Answer (A)<\/strong><\/p>\n

Let cost price be \u2018cp\u2019, and the two selling prices be \u2018sp1\u2019 and \u2018sp2\u2019 respectively.
\nLoss% = (cost price – selling price) *100\/ (cost price)
\n0.13*cp = cp – sp1
\nsp1 = 0.87*cp
\ncp = 304.5 \/ 0.87 = 350
\nProfit% = ( – cost price + selling price) *100\/ (cost price)
\n0.13 *350 = sp2 – 350
\nsp2 = Rs. 395.5
\nHence, option A is the right choice.<\/p>\n\n

2) Answer (C)<\/strong><\/p>\n

Let the price at which he bought the pen be 100x.
\nHe marks it at 130x and then sells it at 130x*.8 = 104x
\nThus, he makes a profit of 4x.
\nWe know that 4x = 16
\n=> x = 4
\nHence, he bought the pen for 400.<\/p>\n

3) Answer (E)<\/strong><\/p>\n

It has been given that the shopkeeper buys 5 pins a rupee.
\nTherefore, cost of a pin = 1\/5 = 20 paise.<\/p>\n

After marking up by 50%, the price of the pin will be 30 paise per pin.<\/p>\n

20 pins for 5 rupees = 25 paise per pin
\n8 pins for 2 rupees = 25 paise per pin
\n12 pins for 4 rupees is 33.33 paise per pin
\n30 pins for 5 rupees is 60 paise per pin
\n10 pins for 3 rupees in 30 paise per pin<\/p>\n

Therefore, option E is the right answer.<\/p>\n

4) Answer (C)<\/strong><\/p>\n

Let the price at which he bought the pen be 100x.
\nHe marks it at 130x and then sells it at 130x*.8 = 104x
\nThus, he makes a profit of 4x.
\nWe know that 4x = 16
\n=> x = 4
\nHence, he bought the pen for 400.<\/p>\n

5) Answer (E)<\/strong><\/p>\n

Cost price of a fruit = 3\/12 = Rs. 0.25
\nSelling price = 1.2*0.25 = Rs.0.3<\/p>\n

Let us check the options one by one.<\/p>\n

9 fruits\/ 30 rupees => Cost of 1 fruit = 30\/9 = Rs.3.33
\n6 fruits\/15 rupees => Cost of 1 fruit = 15\/6 = Rs. 2.5
\n10 fruits\/ 6 rupees => Cost of 1 fruit = 6\/10 = Rs. 0.6
\n90 fruits\/30 rupees => Cost of 1 fruit = 30\/90 = Rs. 0.33
\n50 fruits\/ 15 rupees => Cost of 1 fruit = 15\/50 = Rs. 0.3<\/p>\n

Therefore, option E is the right answer.<\/p>\n

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6) Answer (E)<\/strong><\/p>\n

Cost of a pencil = Rs. 150\/12 = Rs.12.5
\nMarked price = 1.2*12.5 = Rs. 15
\nThe shopkeeper offers 2 consecutive discounts of 10%.
\nTherefore, the selling price of the pencil will be 0.9*0.9*15 = Rs. 12.15<\/p>\n

Profit\/loss percentage of the shopkeeper = (12.15 – 12.5)\/12.5 = 2.8% loss.
\nTherefore, option E is the right answer.<\/p>\n

7) Answer (D)<\/strong><\/p>\n

Let the price of the article be $P$.
\nLet us consider $x$ in decimal form for the ease of calculation.
\n$(1+x)(1-x\/2)P = 0.52P$
\n$(1+x)(2-x) = 1.04$
\n$2-x+2x -x^2 = 1.04$
\n$-x^2+x = -0.96$
\n$x^2-x-0.96 = 0$
\n$x = 1.6$ or $x = -0.6$
\nWe can ignore the negative root since it has been given that the shopkeeper marks up the price of the product.<\/p>\n

=> $x = 160$% and hence, option D is the right answer.<\/p>\n

8) Answer (B)<\/strong><\/p>\n

Let the worth of the computer to be Rs. x.
\nLet the price at which Raj bought the computer be 1.2x.
\nPrice at which Hari bought = 1.3*1.2x = 1.56x
\nPrice at which Balu bought = 1.5*1.56x = 2.34x
\nDifference between the prices at which Balu and Hari bought = 2.34x – 1.56x = 0.78x
\nIt has been given that 0.78x = 1560
\nx = Rs. 2000.
\nTherefore, option B is the right answer.<\/p>\n\n

9) Answer (E)<\/strong><\/p>\n

Number of notebooks that retailer bought = 5 * 12 = 60
\nLet us assume that printed price on each notebook = 100
\nThe retailer bought these notebooks at 30% less = 70 Rupees\/notebook
\nSum invested by the retailer = 60*70 = 4200
\nBy selling 60 notebooks he will get money for = $\\frac{4}{5}*60$ = 48 notebooks
\nMoney collected by the retailer by selling these notebooks = 48*100 = 4800
\nHence, retailer\u2019s profit percentage = $\\frac{4800-4200}{4200}*100$ = 14.28%<\/p>\n

10) Answer (D)<\/strong><\/p>\n

Let us assume that on a normal day he sells milk at x rupee per litre and he sells y litre of milk
\nSo revenue generated on normal day = x*y = xy<\/p>\n

He mixed water with milk in ratio of 2:5 so net quantity = $\\frac{2+5}{5} * y$ = 1.4y
\nNew selling price during summer = 1.2x rupees per litre<\/p>\n

So revenue generated in summers = 1.4y * 1.2x = 1.68xy
\nHence we can say that revenue will go up by 68 percent.<\/p>\n

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Profit and Loss Questions and Answers for Bank Exams PDF: Profit and Loss Questions And Answers for Banking exams of IBPS, SBI PO & Clerk, RBI with solutions. Practice questions on profit and loss based on previous papers for bank exams. Download IBPS Clerk Previous papers PDF Go to Free Banking Study Material (15,000 Solved […]<\/p>\n","protected":false},"author":21,"featured_media":22866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[1254,169,125],"tags":[1252],"class_list":{"0":"post-22854","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-competitive-exams","8":"category-downloads","9":"category-featured","10":"tag-all-competitive-exams"},"better_featured_image":{"id":22866,"alt_text":"Profit and Loss Questions and Answers for Bank Exams PDF","caption":"Profit and Loss Questions and Answers for Bank Exams PDF","description":"Profit and Loss Questions and Answers for Bank Exams 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