**Dear Bank Aspirants practice Quant Questions for upcoming SBI and other exams. Today's Topic is Profit and Loss, very important for SBI clerk point of view.**

a) Rs. 1600

b) Rs.1250

c) Rs. 1550

d) Rs. 1660

2).A shopkeeper purchases 11 knives in Rs. 10 and sells them at the rate of 10 knives for Rs. 11. He earns a profit of

a) 11%

b) 15 %

c) 20 %

d) 21 %

3).A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the mared price of an article whose cost price is Rs. 170 ?

a) Rs.220

b) Rs. 200

c) Rs. 240

d) Rs. 260

4).If a shopkeeper marks the price of goods 50% more than their cost price and allows a discount of 40%, what is his gain or loss per cent ?

a) 15 % loss

b) 10% loss

c) 10% gain

d) 15% gain

5).A bought a computer system for Rs. 40000 and sold it to B at a loss of 4%. If B sold it to C for Rs. 40320, profit percent for B is

a) 3

b) 6

c) 4

d) 5

6).The difference between the selling price of a shirt sold at profits 15% and 17% is Rs. 3. Then, the cost price of the shirt is

a) Rs. 175

b) Rs. 180

c) Rs. 200

d) Rs. 150

7).A salesman expects a gain of 13% on his cost price. If in a month his sale was Rs. 791000. What was his profit ?

a) Rs. 91000

b) Rs. 97786

c) Rs. 85659

d) Rs. 88300

8).A shopkeeper sells his goods at 10% discount on the marked price. What price should he mark on an article that costs him Rs. 900 to gain 10% ?

a) Rs. 1050

b) Rs. 1100

c) Rs. 1150

d) Rs. 1000

9).After allowing a discount of 12% on the marked price of an article, it is sold for Rs. 880. Find its marked price.

a) Rs. 1100

b) Rs. 2000

c) Rs. 1000

d) Rs. 2100

10).A trader marks his goods at 20% above the cost price. If he allows a discount of 5% for cash down payment, his profit per cent for such a transaction is

a) 15

b) 12

c) 14

d) 17

Answers:

1). a)

2). d)

3). c)

4). b)

5). d)

6). d)

7). a)

8). b)

9). c)

10). c)

1). a Price of TV set = Rs. X, then

Given, (x × 110) / 100 = 17600

x = (17600 × 100) / 110 = Rs. 16000

Required sales tax = 17600 – 16000 = Rs. 1600

2).d Percentage profit = [(11 × 11 – 10 × 10) / (10 × 10) ] × 100

= 21%

3). c SP = [(100 + profit%) × CP ] / 100

=[(100 + 20) × 170] / 100 = RS. 204

Now, marked price – 15% of marked price = SP

Let marked price = Rs. X

x – [ (15 × x) / 100 ] = 204

(100x – 15x) / 100 = 204

x = (204 / 85) × 100 = Rs. 240

Marked price = Rs. 240

4). b) Let the cost price = Rs. 100

Then, marked price is 50% above CP

Marked price = [ (100 + 50%) × 100 ] / 100

= (150 × 100) / 100

= Rs. 150

Now, shop allowed 40% discount

Selling price = [ (100 – Discount%) × Marked price ] / 100

= [ (100 – 40) × 150 ] / 100

= (60 × 150) / 100 = Rs. 90

Clearly, shopkeeper had a loss as CP > SP

Loss per cent = (CP – SP) / CP × 100

= (100 – 90) / 100 × 100 = 10% loss

5). d Cost price of B = [ 100 – Loss × CP of A ] / 100

= [(100 – 4) × 40000] / 100 = Rs. 38400

Now, CP of B = Rs. 38400

B sell the computer to C at Rs. 40320

SP for B = 40320

Now, profit per cent = (SP – CP) / CP × 100

= (40320 – 38400) / 38400 × 100 = 5%

6). d) Let the cost price of shirt = Rs.x

Then, selling price at profit of 15%

= [ (100 + Profit) × CP ] / 100

= (100 + 15) × x / 100 = 115x / 100

Similarly, selling price at per cent of 17%

= [ (100 + 17) × CP ] / 100

= 117 × x / 100

= 117x / 100

Now, by given condition

117x / 100 – 115x / 100 = 3

(117x – 115x ) / 100 = 3

x = (100 × 3) / 2 = Rs. 150

7). a Gain = 13% Total SP = Rs. 791000

Now, CP = 100 × SP / (100 + gain%)

= (100 × 791000) / (100 + 13)

= 79100000 / 113 = Rs. 700000

Gain = SP – CP = 791000 – 700000 = Rs. 91000

8).b Let marked price be Rs. X

SP = x × (90 / 100) = Rs. 9 / 10 x

Again, SP = 900 × (110 / 100) = Rs. 990

9 / 10 x = 990

x = (990 × 10) / 9 = Rs. 1100

9). c Suppose, marked price of the article be Rs. X

Then, 88% of x = 880

x × 88 / 100 = 880

x = Rs. 1000

10). c Suppose, cost price of the goods be Rs. 100

Marked price of the goods = Rs. 120

After 5% discount, selling price of the goods = 120 × (95 / 100) = Rs. 114

Profit per cent = (114 – 100) / 100 × 100 = 14%