{"id":40206,"date":"2020-01-28T17:39:35","date_gmt":"2020-01-28T12:09:35","guid":{"rendered":"https:\/\/cracku.in\/blog\/?p=40206"},"modified":"2020-01-28T17:41:26","modified_gmt":"2020-01-28T12:11:26","slug":"profit-and-loss-questions-for-sbi-clerk-set-2","status":"publish","type":"post","link":"https:\/\/cracku.in\/blog\/profit-and-loss-questions-for-sbi-clerk-set-2\/","title":{"rendered":"Profit and Loss Questions for SBI Clerk Set-2"},"content":{"rendered":"

Profit and Loss Questions for SBI Clerk Set-2<\/strong><\/span><\/h2>\n

Download SBI Clerk Profit and Loss Questions & Answers Set-2 PDF for SBI Clerk Prelims and Mains exam. Very Important SBI Clerk Profit and Loss Questions with solutions.<\/p>\n

Download Profit and Loss Questions Set-2<\/a><\/p>\n

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Download SBI Clerk Previous Papers PDF<\/a><\/p>\n

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Question 1:\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 2:\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 3:\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 4:\u00a0<\/b>Vandana sells an article for Rs 3,240 and earns a profit of 20%. What is the cost price of the article ?<\/p>\n

a)\u00a0Rs 2,800<\/p>\n

b)\u00a0Rs 2,820<\/p>\n

c)\u00a0Rs 2,750<\/p>\n

d)\u00a0Rs 2,700<\/p>\n

e)\u00a0None of these<\/p>\n

Question 5:\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 so as to make an 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

Download SBI Clerk Previous Papers PDF<\/a><\/p>\n

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Question 6:\u00a0<\/b>A person sells half of his goods at 20% profit and remaining half at 30% profit. What is his overall gain per cent in the whole transaction ?<\/p>\n

a)\u00a030%<\/p>\n

b)\u00a025%<\/p>\n

c)\u00a050%<\/p>\n

d)\u00a035%<\/p>\n

e)\u00a0None of these<\/p>\n

Question 7:\u00a0<\/b>An article when sold for 960 fetches 20% profit.What would be the percent profit \/loss if such 5 article are sold for Rs. 825\/-each?<\/p>\n

a)\u00a03.125 % profit<\/p>\n

b)\u00a03.125 % loss<\/p>\n

c)\u00a0Neither profit nor loss<\/p>\n

d)\u00a016.5 % profit<\/p>\n

e)\u00a0None of these<\/p>\n

Instructions<\/b><\/p>\n

In the given questions, two quantities are given, one as Quantity I and another as Quantity II. You have to determine relationship between two quantities and choose the appropriate option.<\/p>\n

a: If quantity I \u2265 quantity II
\nb: If quantity I > quantity II
\nc: If quantity I < quantity II
\nd: If quantity I = quantity II or the relationship cannot be established from the information that is given
\ne: If quantity quantity II<\/p>\n

Question 8:\u00a0<\/b>What is the ratio between the marled price of two identical items, P and Q, which had been purchased at the same price ?
\nI. Item P was sold at a profit of 20%, while item Q was sold at a loss of 10%.
\nII. Item P was sold at a discount of 4%. The percentage by which Item Q\u2019s cost price had been marked up is 2.5 times the profit % earned on selling item P.
\nIII. The overall profit earned on selling items P and Q was 5%.<\/p>\n

a)\u00a0Only I and II<\/p>\n

b)\u00a0All I, II and III<\/p>\n

c)\u00a0Any two of the three<\/p>\n

d)\u00a0Only II and III<\/p>\n

e)\u00a0Question cannot be answered even with the information in all the three statements<\/p>\n

Question 9:\u00a0<\/b>The cost price of item B is Rs. 150\/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?<\/p>\n

a)\u00a0Rs. 450\/-<\/p>\n

b)\u00a0Rs. 420\/-<\/p>\n

c)\u00a0Rs. 400\/-<\/p>\n

d)\u00a0Rs. 350\/-<\/p>\n

e)\u00a0Rs. 480\/-<\/p>\n

Question 10:\u00a0<\/b>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 ?<\/p>\n

a)\u00a0Rs. 20,400<\/p>\n

b)\u00a0Rs.17,400<\/p>\n

c)\u00a0Rs. 18,600<\/p>\n

d)\u00a0Rs. 19,400<\/p>\n

e)\u00a0Rs. 16,800<\/p>\n

SBI Clerk free mock test<\/a><\/p>\n

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

1)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

Loss percent
\n= [$\\frac{loss}{10}$]2<\/sup> %
\n= [$\\frac{12}{10}$]2\u00a0<\/sup>%
\n= $\\frac{36}{25}$ %
\n= 1$\\frac{11}{25}$ %<\/p>\n

2)\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

3)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

Let the CP be the Cost Price and SP be Selling Price.
\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

4)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

Let the cost price of the article be C.
\nAs the profit percentage of the article is 20%, the selling price of the article is 1.2C<\/p>\n

But 1.2C = 3240
\nHence, C = 3240\/1.2 = Rs. 2700<\/p>\n

5)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

Total profit to be made = 18%
\nProfit already made = 6% (12% on half of total value means 6% on total value)
\nProfit remaining = 12%<\/p>\n

Since 12% profit is to be earned on 100% of the quantity, 24% of profit is to be made on half of the qunatity.<\/p>\n

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6)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

Let the person has 2 goods and cost price of each good = Rs. 100<\/p>\n

=> Total C.P. = Rs. 200<\/p>\n

S.P. of 1st good = $\\frac{120}{100} \\times 100$ = Rs. 120<\/p>\n

S.P. of 2nd good = $\\frac{130}{100} \\times 100$ = Rs. 130<\/p>\n

=> Total S.P. = 120 + 130 = Rs. 250<\/p>\n

$\\therefore$ Overall profit % = $\\frac{250 – 200}{200} \\times 100$ = 25 %<\/p>\n

7)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

Let cost price of an article = $Rs.$ $100x$<\/p>\n

If Selling price = Rs 960<\/p>\n

=> Profit % = $\\frac{960-100x}{100x} \\times 100=20$<\/p>\n

=> $960-100x=20x$<\/p>\n

=> $20x+100x=120x=960$<\/p>\n

=> $x=\\frac{960}{120}=8$<\/p>\n

Thus, cost price of 1 article = $100 \\times 8 = Rs.$ $800$<\/p>\n

If selling price = Rs. 825<\/p>\n

$\\therefore$\u00a0Profit %<\/span><\/strong> = $\\frac{825-800}{800} \\times 100$<\/p>\n

= $\\frac{25}{8} = 3.125\\%$<\/p>\n

=> Ans – (A)<\/p>\n

8)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

9)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

CP of B = CP of A +150
\nSP of A = 1.10 $\\times$ CP of A
\nSP of B = 0.8 $\\times$ CP of B = 0.8 $\\times$ (CP of A +150)
\nSP of A : SP of B = 11: 12
\n1.10 $\\times$ CP of A : 0.8 $\\times$ (CP of A +150) = 11:12
\n13.2 $\\times$ CP of A = 8.8 $\\times$ (CP of A +150)
\n13.2 $\\times$ CP of A – 8.8 $\\times$ CP of A = 1320
\n4.4 $\\times$ CP of A = 1320
\nCP of A = 1320\/4.4 = 300
\n<\/span>CP of B = Rs. 450\/-
\nOption A is the correct answer.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

10)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

Let the cost price of two beds be Rs C per each bed<\/p>\n

Now at one bed the profit earned is 25% so its Selling Price(SP1) = 1.25 C<\/p>\n

Another bed Selling Price is (SP2) = 1.25 C – 6596<\/p>\n

It is given that overall profit is 8 % so,<\/p>\n

SP1 + SP2 = 1.08(2C)<\/p>\n

1.25C + 1.25C – 6596 = 1.08×2 C<\/p>\n

2.5C – 2.16C = 6596<\/p>\n

C = Rs 19400<\/p>\n

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We hope this Profit and Loss Questions & Answers set-2 PDF of SBI Clerk is very Useful for preparation of SBI Clerk Exams.<\/p>\n","protected":false},"excerpt":{"rendered":"

Profit and Loss Questions for SBI Clerk Set-2 Download SBI Clerk Profit and Loss Questions & Answers Set-2 PDF for SBI Clerk Prelims and Mains exam. Very Important SBI Clerk Profit and Loss Questions with solutions. Download SBI Clerk Previous Papers PDF SBI Clerk Free Mock Tests Question 1:\u00a0A shopkeeper sells two watches for Rs308 […]<\/p>\n","protected":false},"author":42,"featured_media":40214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[8,3165,3167,125,3525],"tags":[3531,49],"class_list":{"0":"post-40206","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banking","8":"category-banking-en","9":"category-downloads-en","10":"category-featured","11":"category-sbi-clerk","12":"tag-profit-and-loss-questions-for-sbi-clerk","13":"tag-sbi-clerk"},"better_featured_image":{"id":40214,"alt_text":"Profit and Loss Questions for SBI Clerk Set-2","caption":"Profit and Loss Questions for SBI Clerk Set-2\n","description":"Profit and Loss Questions for SBI Clerk 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