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Profit N Loss Quiz 12

The document contains a series of profit and loss questions designed for bank clerk pre-exams, along with their correct answers and detailed explanations. Each question involves calculations related to profit percentages, selling prices, and cost prices of various items. The document serves as a practice quiz for candidates preparing for banking exams.

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Sai Kiran
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21 views8 pages

Profit N Loss Quiz 12

The document contains a series of profit and loss questions designed for bank clerk pre-exams, along with their correct answers and detailed explanations. Each question involves calculations related to profit percentages, selling prices, and cost prices of various items. The document serves as a practice quiz for candidates preparing for banking exams.

Uploaded by

Sai Kiran
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Profit and Loss Questions for Bank Clerk Pre Exams.

Profit and Loss Quiz 12


Directions: Kindly study the following Questions carefully and choose the right answer:
1. Anil makes a profit of 18% on cost price by selling a washing machine for Rs. 5900. If the
cost price of the machine is increased by 5% and he wants to earn the same profit, What will
be the new profit percent on selling price?
A. 14.63% B. 12.25% C. 15.96% D. 17.14% E. None of these

2. Hemant had 1 bicycle and 1 car. He sold the bicycle at a profit of 15% and the car at a loss
of 8% and earned a profit of Rs 1150 in total. If he had sold the bicycle for Rs 54000 he would
have earned a profit of 20%, find the sum of the selling price of both the items.
A. Rs 110600 B. Rs 110680 C. Rs 125960 D. Rs 115690 E. None of these

3. After selling a suit for Rs. 1680 a shopkeeper suffers a loss of 16%. If he wants to earn
15% profit after giving the discount of 8%, what will be the marked price?

A. Rs. 2500 B. Rs. 2000 C. Rs. 1500 D. Rs. 2600 E. None of these

4. A Shopkeeper sells 2 things – bed set and sofa set , both at the same price of Rs 34569. In
doing so he manages to gain 10% on bed set while he incurred a loss of 10% in selling sofa
set. Then the net percentage profit or loss in whole transaction is?

A. 11% Profit B. 11% loss C. 1% Profit D. 1% loss E. None of these

5. The difference between a discount of 25% and two successive discounts of 10% and 20%
on a certain bill was Rs. 90. Find the amount of the bill.
A. Rs. 1500 B. Rs. 300 C. Rs. 3000 D. Data inadequate E. None of these

6. The marked price of a blanket is Rs. 800 that is 25% more than the cost price. After giving
some discounts a shopkeeper earns 12.5% profit. If the ratio of the cost price of blanket to
the cost price of bed sheet 4 : 3 and the shopkeeper wants to earn 12.5% profit on bed sheet
after given the same discount that he given on the blanket, find the marked price of bed
sheet.
A. Rs. 810 B. Rs. 640 C. Rs. 600 D. Rs. 990 E. None of these

7. The cost price of 2 jackets and 3 jeans is Rs 3800 and the cost price of 3 jackets and 2 jeans
is Rs 3700. If a shopkeeper earns 14% profit on a jacket and 10% profit on a jeans, find the
ratio of the selling prices of the jacket to that of jeans.
A. 305 : 396 B. 200 : 261 C. 298 : 325 D. 315 : 426 E. None of these

8. A shopkeeper marks the marked price 25% more than the cost price that is Rs. 1500. After
giving two successive discounts of 12% and x% he losses Rs. 15. Find the value of x.

A. 12% B. 9% C. 10% D. 15% E. 6%

9. A shopkeeper purchased 50 dozen bottles for Rs.3000. Out of these, 60 bottles were
broken and could not be sold. At what rate per dozen should he sell the remaining bottles to
make a profit of 20%?

A. Rs. 60 B. Rs. 75 C. Rs. 80 D. Rs. 90 E. None of these

10. Kohli puchased a batting kit for Rs. 54000. He sold it at a loss of 8 per cent. With this
money he again purchased another batting kit and sold it at a profit of 10 per cent. What is
his overall loss/profit?

A. Loss Rs. 657 B. Profit Rs. 567 C. Loss Rs. 648 D. Profit Rs. 648 E. None of these
Correct Answers:

1 2 3 4 5 6 7 8 9 10
A E A D C C E C C D

Explanations:

1. Cost price of the washing machine


5900
= × 100 = Rs. 5000
118
Profit = 5900 – 5000 = Rs. 900
New cost price = 5000 × 105% = Rs. 5250
New selling price = 5250 + 900 = Rs. 6150
900
Profit % = × 100 = 14.63%
6150

Hence, option A is correct.

2.
54000
Cost price of the bicycle = = Rs 45000
120%

According to the question,


Let the cost price of car = Rs x
45000 × 15% – x × 8% = 1150
6750 – 1150 = x × 8%
5600 = x × 8%
x = 70000
Selling price of the bicycle = 45000 × 115% = Rs. 51750
Selling price of the car = 70000 × 92% = Rs. 64400
Sum = 51750 + 64400 = Rs. 116150
Hence, option E is correct.

3.
1680
Cost Price = × 100 = Rs.2000.
84

115%
Marked price = 2000 × = Rs.2500.
92%
Hence, option A is correct.
4. When two articles are sold at same price but one of them at a profit and another at a loss and the
percentage profit is the same as the percentage loss then there is always loss

common gain or loss 2


And loss (%) = ( )
10

10 2 2
⇒ here loss % = ( ) = 1 = 1
10

Hence, option (D) is correct.

5. Let the bill amount be Rs. x.


The difference between a discount of 25% and two successive discounts of 10% and 20% on a certain bill was
Rs. 90.
So, we can write now,
[x × (100 – 25)%] – [x × (100 – 10)% × (100 – 20)%] = 90
⇒ (x × 75%) – (x × 90% × 80%) = 90

75 7200
⇒ x( – ) = 90
100 10000

⇒ x (7500 – 7200) = 90 × 10000


⇒ x × 300 = 900000

900000
⇒x=
300
⇒ x = 3000
∴ The bill amount was Rs. 3000.
Hence, option (C) is correct.

6. Marked price = Rs. 800


Cost price = 800 ÷ 125 × 100
= Rs.640
Profit = 640 × 12.5%
= Rs.80
Discount = 800 – 640 – 80
= Rs.80
Discount % = 80 ÷ 800 × 100
= 10%
Ratio of the cost price of blanket to the bed sheet = 4 : 3
640
Cost price of bed sheet = × 3 = Rs. 480
4
Marked price of bed sheet = 480 × 112.5% ÷ 90% = Rs 600
Hence, option C is correct.
7. Let the cost price of 1 jacket = Rs x, cost price of 1 jeans = Rs y
2x + 3y = 3800....1
3x + 2y = 3700....2
(Equation 1) × 3 – (Equation 2) × 2
y = 800
x = 700
Cost price of 1 jacket = Rs 700, cost price of 1 jeans = Rs 800
Ratio of the selling price,
= 700 × 114% : 800 × 110%
= 399 : 440
Hence, option E is correct.

8. Let the cost price = Rs. 1500


Marked price = 1500 × 125% = 1875
After giving two successive discounts of 12% and x% loss = Rs. 15
1875 × (100 – 12) % × (100 – x) % – 1500 = – 15
1875 × .88 × (100 – x) % – 1500 = – 15
1650 × (100 – x) % – 1500 = – 15

[1650 × (100 – x) – 150000]


= – 15
100

165000 – 1650x – 150000 = – 1500


15000 + 1500 = 1650x
16500 = 1650x
x = 10%

Hence, option C is correct.

9. Since there are 12 quantities in a dozen


60
⇒ dozen of bottles broken = = 5 dozen
12

Reqd. amount to gain 20% profit


120
= Rs 3000 × = Rs 3600
100

Since shopkeeper has to gain this amount by selling remaining 45 dozen of bottles
3600
⇒ S.P. Per Dozen = Rs = Rs. 80
45

Hence, option (C) is correct.


10.
54000 × 92
First selling price = = Rs. 49680
100

110
= 49680 × = Rs. 54648
100

∴ Profit = 54648 – 54000 = Rs. 648

Hence, option D is correct.

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