IBPS is going to conduct the prelims exam in the month of October for recruitment of POs. IBPS PO profit and loss questions often appear in the quantitative aptitude section. Since these are low hanging fruits, aspirants must attempt these questions.<\/p>\n
On analysing previous year papers of IBPS PO<\/a>, it is quite evident that IBPS has been asking questions from this topic since time immemorial. Having a decent understanding of percentages is essential to solve these questions.<\/p>\n Since IBPS PO profit and loss questions are usually simple, aspirants must solve them in a jiffy. Aspirants can opt for\u00a0IBPS PO online preparation<\/a> to help them solve these questions fast. IBPS PO mock tests<\/a> will help candidates to identify and solve easy questions – a crucial test taking skill that aspirants must master.<\/p>\n Let us start with simple template questions and then move on to the tougher ones.<\/p>\n A shopkeeper marks up the price of his goods by 50%. If he offers a discount of 30% on the marked price, what is his overall profit percentage?<\/p>\n Let us assume the price of the article to be Rs. 100. A shopkeeper buys 150 fruits for Rs. 9000. At what price must he sell one fruit if he wants to realise a profit of 40%.<\/p>\n Cost of 1 fruit = 9000\/150 = Rs. 60 These are template questions and are too simple to ignore. Most aspirants avoid word problems and stick to DI and approximations to avoid time consumption. But, one must look out for simple word problems. Since the questions are of individual type, the stakes are not too high.<\/p>\n Now, let us look at some tough IBPS PO profit and loss questions.<\/p>\n A fraudulent shopkeeper uses a 900 gm weight (instead of 1 kg weight) while selling goods to people. He uses a 1200 gm weight instead of 1 kg weight while procuring. What is his profit percentage if he claims to sell at the cost price.<\/p>\n Let us assume the cost price of 1000 gms of the good to be Rs. 100<\/p>\n The shopkeeper procures 1200 gms at Rs. 100. Hence, C.P. of the good = 100\/1200 = 1\/12<\/p>\n The shopkeeper sells 900 gms at Rs. 100. Hence, S.P of the good = 100\/900 = 1\/9<\/p>\n Profit percentage = (1\/9 – 1\/12) \/ 1\/12 A more intuitive way of solving this problem is as follows. A shopkeeper sells 2 different mobile phones at Rs. 200 each. If he acquires a profit of 60% on one mobile phone and a loss of 60% on the other mobile phone, what is his net profit or loss percentage?<\/p>\n Let the CPs of the two mobiles be \u2018x\u2019 and \u2018y\u2019.<\/p>\n 1.6 x = 200 0.4y = 200 => y = Rs.500<\/p>\n Net revenue = 200+200 = 400Simple IBPS PO profit loss questions:<\/h2>\n
Question 1:<\/h4>\n
\nMark up percentage = 50%
\nMarked up price = 1.5 * 100 = Rs. 150
\nDiscount offered = 30%
\nSelling price = 0.7 *150 = Rs. 105
\nProfit percentage = (105 -100)\/100 = 5%.<\/p>\nQuestion 2:<\/h4>\n
\nProfit required = 40%
\n=> Selling price of the fruit = 1.4*60 = Rs. 84<\/p>\nTricky IBPS PO profit and loss questions:<\/h2>\n
Question 3:<\/h4>\n
\n= (1\/36)*12
\n= 1\/3 or 33.33%<\/p>\n
\nLet us assume that the shopkeeper procures 1200 gms for Rs. 300
\nHe will sell 900 gms at Rs. 300. He will sell the remaining 300 gms at 300\/3 = Rs. 100.
\nTherefore, the shopkeeper procures at Rs. 300 and sells at Rs. 400. Therefore the profit percentage is 33.333%.<\/p>\nQuestion 4:<\/h4>\n
\n=> x = Rs. 125<\/p>\n
\nNet cost = 500+125 =625
\nLoss = 625 – 400 = 225
\nLoss % = 225\/625 = 9\/25 = 36% loss<\/p>\n