Download important Profit and Loss Questions PDF based on previously asked questions in IBPS Clerk and other Banking Exams. Practice Profit and Loss Question and Answers for IBPS Clerk Exam.<\/p>\n
Download Profit And Loss Questions For IBPS Clerk Set-2 PDF<\/a><\/p>\n Get 25 IBPS Clerk mocks for Rs. 149. Enroll here<\/a><\/p>\n Take Free IBPS Clerk Mock Test<\/a><\/p>\n Download IBPS Clerk Previous papers PDF<\/a><\/p>\n Go to Free Banking Study Material<\/a> (15,000 Solved Questions)<\/p>\n Question 1:\u00a0<\/b>Seema bought 20 pens, 8 packets of wax colours, 6 calculators and 7 pencil boxes, The price of one pen is Rs. 7, one packet of wax colour is for Rs. 22, one calculator is for Rs.175 and one pencil box costs Rs. 14 more than the combined price of one pen and one packet of wax colours. How much amount did Seema pay to the shopkeeper?<\/p>\n a)\u00a0Rs. 491<\/p>\n b)\u00a0Rs. 1,725<\/p>\n c)\u00a0Rs. 1,667<\/p>\n d)\u00a0Rs. 1,527<\/p>\n e)\u00a0None of these<\/p>\n Question 2:\u00a0<\/b>An article was purchased for Rs.78,350. Its price was marked up by 30%. It was sold at a discount of 20% on the marked up price. What was the profit percent on the cost price?<\/p>\n a)\u00a04<\/p>\n b)\u00a07<\/p>\n c)\u00a05<\/p>\n d)\u00a03<\/p>\n e)\u00a06<\/p>\n Question 3:\u00a0<\/b>Three men A, B and C start a business together. They invest Rs30000, Rs24000 and Rs42000 respectively in the beginning. After 4 months. B took out Rs6000 and C took out Rs10000. They get a profit of Rs11960 at the end of the year, B\u2019s share in the profit (approximately) is<\/p>\n a)\u00a0Rs2700<\/p>\n b)\u00a0Rs2803<\/p>\n c)\u00a0Rs2900<\/p>\n d)\u00a0Rs2790<\/p>\n e)\u00a0None of these<\/p>\n IBPS Clerk Online Mock Test<\/a><\/p>\n Question 4:\u00a0<\/b>A shopkeeper sells two watches for Rs308 each. On one he gets 12% profit and on the other 12% loss. His profit or loss in the entire transaction was<\/p>\n a)\u00a01$\\frac{11}{25}$% loss<\/p>\n b)\u00a01$\\frac{11}{25}$% gain<\/p>\n c)\u00a03$\\frac{2}{25}$%loss<\/p>\n d)\u00a03$\\frac{2}{25}$%gain<\/p>\n e)\u00a0None of these<\/p>\n Question 5:\u00a0<\/b>If SP = Rs. 84, % gain = 20%, then CP =?<\/p>\n a)\u00a0Rs. 60<\/p>\n b)\u00a0Rs. 65<\/p>\n c)\u00a0Rs. 70<\/p>\n d)\u00a0RS. 75<\/p>\n e)\u00a0None of these<\/p>\n Question 6:\u00a0<\/b>A shopkeeper uses a weight of 960 g instead of 1000 g. What is his gain%?<\/p>\n a)\u00a04%<\/p>\n b)\u00a06%<\/p>\n c)\u00a04$\\frac{1}{6}$%<\/p>\n d)\u00a061\/4%<\/p>\n e)\u00a0None of these<\/p>\n IBPS Clerk Previous Papers<\/a><\/p>\n Question 7:\u00a0<\/b>A person bought an article on 40% discount and sold it at 50% more than the marked price. What profit did he get?<\/p>\n a)\u00a0250 %<\/p>\n b)\u00a0150 %<\/p>\n c)\u00a0350 %<\/p>\n d)\u00a0200 %<\/p>\n e)\u00a0None of these<\/p>\n Question 8:\u00a0<\/b>2 persons start a business with an amount of 12000 and 15000 respectively and 3 months later a third person joins them with an amount of 20000. What will be the ratio in which the profit will be distributed at the end of the year?<\/p>\n a)\u00a04:6:7<\/p>\n b)\u00a04:1:3<\/p>\n c)\u00a04:4:3<\/p>\n d)\u00a04:5:5<\/p>\n e)\u00a04:7:6<\/p>\n Question 9:\u00a0<\/b>Profit earned by organisation is distributed among officers and clerks in the ratio of 5:3 If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is rs 25,000 what was the total amount of profit earned ?<\/p>\n a)\u00a0Rs. 22 lakh<\/p>\n b)\u00a0Rs. 18.25 lakh<\/p>\n c)\u00a0Rs. 18 lakh<\/p>\n d)\u00a0Rs. 23.25 lakh<\/p>\n e)\u00a0None of these<\/p>\n IBPS Clerk Important Questions PDF<\/a><\/p>\n Free Banking Study Material (15,000 Solved Questions)<\/a><\/p>\n Question 10:\u00a0<\/b>A shopkeeper labelled the price of the articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labelled price what is the actual per profit earned in the deal ?<\/p>\n a)\u00a018%<\/p>\n b)\u00a015%<\/p>\n c)\u00a020%<\/p>\n d)\u00a0Cannot be determined<\/p>\n e)\u00a0None of these<\/p>\n Question 11:\u00a0<\/b>Pure milk costs Rs. 16 per litre. After adding water the milkman sells the mixture Rs. 15 per litre and thereby makes a profit of 25%. In what respective ratio does he mix milk with water?<\/p>\n a)\u00a03: 1<\/p>\n b)\u00a04: 3<\/p>\n c)\u00a03: 2<\/p>\n d)\u00a05: 3<\/p>\n e)\u00a04: 1<\/p>\n Question 12:\u00a0<\/b>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 to make and overall profit of 18%?<\/p>\n a)\u00a024<\/p>\n b)\u00a028<\/p>\n c)\u00a018<\/p>\n d)\u00a020<\/p>\n e)\u00a026<\/p>\n Question 13:\u00a0<\/b>Raj sold an item for Rs. 6384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%?<\/p>\n a)\u00a0Rs. 14656<\/p>\n b)\u00a0Rs. 11856<\/p>\n c)\u00a0Rs. 13544<\/p>\n d)\u00a0Cannot be determined<\/p>\n e)\u00a0None of these<\/p>\n Question 14:\u00a0<\/b>Niraj incurred a loss of 55 per cent on selling an article for Rs. 9549. What was the cost price of the article?<\/p>\n a)\u00a0Rs. 27700<\/p>\n b)\u00a0Rs. 25600<\/p>\n c)\u00a0Rs. 21220<\/p>\n d)\u00a0Rs. 29000<\/p>\n e)\u00a0None of these<\/p>\n Question 15:\u00a0<\/b>A shopkeeper labelled the price of his articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labelled price. What is the actual percent profit earned in the deal?<\/p>\n a)\u00a018%<\/p>\n b)\u00a015%<\/p>\n c)\u00a020%<\/p>\n d)\u00a0Cannot be determined<\/p>\n e)\u00a0None of these<\/p>\n <\/p>\n Question 16:\u00a0<\/b>The cost price of an article is Rs. 480. If it is to be sold at a profit of 6.25 per cent, what would its selling price be ?<\/p>\n a)\u00a0Rs. 510<\/p>\n b)\u00a0Rs. 530<\/p>\n c)\u00a0Rs. 503<\/p>\n d)\u00a0Rs. 519<\/p>\n e)\u00a0None of these<\/p>\n Question 17:\u00a0<\/b>13 articles were bought for Rs.5,890 and sold for Rs. 6,656. What was the \u2018\u2019approximate\u2019\u2019 profit percentage per article ?<\/p>\n a)\u00a015%<\/p>\n b)\u00a011%<\/p>\n c)\u00a09%<\/p>\n d)\u00a019%<\/p>\n e)\u00a013%<\/p>\n Question 18:\u00a0<\/b>The profit earned after selling an article for Rs 996 is the same as the loss incurred after selling the article for Rs 894. What is the cost price of the article ?<\/p>\n a)\u00a0Rs 935<\/p>\n b)\u00a0Rs 905<\/p>\n c)\u00a0Rs 945<\/p>\n d)\u00a0Rs 975<\/p>\n e)\u00a0None of these<\/p>\n Question 19:\u00a0<\/b>The cost price of an article is Rs. 7950. If its is to be sold at a profit of 18% , what would be its selling price ?<\/p>\n a)\u00a0Rs. 9431<\/p>\n b)\u00a0Rs. 9183<\/p>\n c)\u00a0Rs. 9218<\/p>\n d)\u00a0Rs. 9381<\/p>\n e)\u00a0None of these<\/p>\n Question 20:\u00a0<\/b>24 article were bought for Rs. 14880 and sold for Rs. 18480. What was the approximate profit percentage per article ?<\/p>\n a)\u00a032%<\/p>\n b)\u00a029%<\/p>\n c)\u00a017%<\/p>\n d)\u00a020%<\/p>\n e)\u00a024%<\/p>\n Daily Free Banking Online Tests<\/a><\/p>\n Answers & Solutions:<\/strong><\/span><\/p>\n 1)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Total amount = 20 x 7 + 8 x 22 + 6 x 175 + 7 x 43 2)\u00a0Answer\u00a0(A)<\/strong><\/p>\n Marked price = 78,350 + 30% of 78,350 = Rs 1,01,855 3)\u00a0Answer\u00a0(B)<\/strong><\/p>\n The profits are divided in the ratio of [Investment X time period] So, B’s share in the profit will be $\\frac{240}{360+240+424} \\times 11960 = 2803.125 \\approx 2803$<\/p>\n 4)\u00a0Answer\u00a0(A)<\/strong><\/p>\n Loss percent 5)\u00a0Answer\u00a0(C)<\/strong><\/p>\n CP = (100\u00d7SP)\/((100+gain%))=(100\u00d784)\/120= Rs. 70<\/p>\n 6)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Gain% = (1000-960)\/960 x 100 = 25\/6=4 1\/6%<\/p>\n 7)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Let the marked price be Rs. 100. 8)\u00a0Answer\u00a0(D)<\/strong><\/p>\n As we know that the profit will be distributed in the ratio\u00a0of (money invested)*(Duration for which money was invested).<\/p>\n Hence, Ratio will be = 12000*12 : 15000*12 : 20000*9 = 4:5:5<\/p>\n 9)\u00a0Answer\u00a0(C)<\/strong><\/p>\n The total amount distributed among officers = 45*25000= 11,25,000<\/p>\n If the total amount is x, then this amount is (5\/8)x=11,25,000<\/p>\n Hence, x=18,00,000<\/p>\n 10)\u00a0Answer\u00a0(E)<\/strong><\/p>\n Let the cost price be x. Get 25 IBPS Clerk mocks for Rs. 149. Enroll here<\/a><\/p>\n 11)\u00a0Answer\u00a0(A)<\/strong><\/p>\n Selling price is Rs 15 and Profit is 25%<\/p>\n => Cost Price = $\\frac{15}{1.25}$ = Rs 12<\/p>\n => In every litre of solution, there is Rs 12 worth milk.<\/p>\n But the actual cost of milk is Rs 16.<\/p>\n => Ratio = 12 : 4 = 3 : 1<\/p>\n 12)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 50% of the goods are sold at 12%.<\/p>\n => 0.5(x) + 0.5(12) = 0.18<\/p>\n => 0.5x = 0.12<\/p>\n => x = 0.24<\/p>\n 13)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Let the CP of the article be x.<\/p>\n Loss % = (CP-SP)\/CP = (x-6384)\/x = 0.3<\/p>\n 1 – 6384\/x = 0.3<\/p>\n x = 9120<\/p>\n Profit % = (SP-CP)\/CP<\/p>\n 0.3 = (SP-9120)\/9120<\/p>\n SP = 9120*1.3 = Rs 11,856<\/p>\n 14)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Let the CP of an article be x.<\/p>\n Loss% =$\\frac{CP-SP}{CP}$<\/p>\n 0.55 = $\\frac{x-9549}{x}$<\/p>\n 0.55 = 1-$\\frac{9549}{x}$<\/p>\n x = 9549\/(1- 0.55) = 9549\/0.45 = 21220.<\/p>\n 15)\u00a0Answer\u00a0(E)<\/strong><\/p>\n Let the cost price of the article is 100<\/p>\n In order to earn 30% profit, the shopkeeper will sell it for 130<\/p>\n Discount = 10% of 130 = 13<\/p>\n SP = 130-13 = 117<\/p>\n Profit % =$\\frac{117-100}{100}*100$ = 17%<\/p>\n 16)\u00a0Answer\u00a0(A)<\/strong><\/p>\n The selling price of article is, Selling price = Cost Price + Selling price * (Percent Profit\/100) Here, the profit for 1 article would be same as that for 13 articles. 18)\u00a0Answer\u00a0(C)<\/strong><\/p>\n Let the CP be the Cost Price and SP be Selling Price. 19)\u00a0Answer\u00a0(D)<\/strong><\/p>\n Cost of the article = 7950<\/p>\n Profit = 18%<\/p>\n Hence, selling price will be = 7950+ 18% of 7950 = 7950(1.18) = 9381<\/p>\n 20)\u00a0Answer\u00a0(E)<\/strong><\/p>\n Cost price of an article = $\\frac{14880}{24} = 620$<\/p>\n Selling price of an article = $\\frac{18480}{24} = 770$<\/p>\n Profit per article = 150<\/p>\n %Profit per article = $\\frac{150}{620} = 24.2$<\/p>\n Highly Rated Free Preparation App for Banking Exams<\/a><\/p>\n
\n= 140 + 176 + 900 + 301
\n= Rs1,667<\/p>\n
\nPrice after discount = 101855 -20% of 101855 = Rs 81,484
\nProfit = Rs 3,134<\/p>\n
\nSo, this number for A is 30k X 12 = 360k
\nFor B it is 24k X 4 + 18k X 12 = 240k
\nFor C it is 42k X 4 + 32k X 8 = 424k<\/p>\n
\n= [$\\frac{loss}{10}$]2<\/sup> %
\n= [$\\frac{12}{10}$]2\u00a0<\/sup>%
\n= $\\frac{36}{25}$ %
\n= 1$\\frac{11}{25}$ %<\/p>\n
\nThen cost price = 100 – 40 = Rs. 60
\nSelling price = 100+ 50 = Rs. 150
\nProfit = 150 – 60 = 90
\nProfit%=90\/60\u00d7100=150%<\/p>\n
\nAs per given condition, the labelled price will be 1.3x.
\nDiscounted price will be\u00a0 0.9*1.3x= 1.17x
\nNow, Profit = Price at which item was sold – Cost Price = 1.17x – x = .17x = 17% of Cost price.
\nHence, profit is 17%.<\/p>\n
\nSelling Price = 480 + (6.25\/100)*480 = 510
\nHence, the correct option is option A.
\n17)\u00a0Answer\u00a0(E)<\/strong><\/p>\n
\nPercent Profit = $\\frac{Selling Price – Cost Price}{Cost Price}$ *100
\nPercent Profit = $\\frac{6656 – 5890}{5890}$ *100
\n= 13
\nHence, the correct option is option E.<\/p>\n
\nProfit = SP – CP = 996 – CP
\nLoss = CP -SP = CP – 894
\nNow as Profit = Loss
\n2*CP = 1890
\nCP =945
\nHence, the cost price is 945.<\/p>\n