Profit & Loss Practise Set for Banking Exams: 1.) A lost 25% by selling an article for rs.6900. What % will he gain by selling it for rs.10200? a) 8.25 b) 6.67 c) 10.86 d) 12.12 2.) A man buys 150 kilo rice for at rs.30 per kg& mixes it with 200 kilo rice @ […]
Profit and Loss
Quantitative Aptitude Questions and Answers on Profit and Loss for IBPS Exams, candidate who are preparing for Bank Exam, please check all the questions and answers on Profit and Loss , these are questions which are asked in competitive exams like IBPS clerk, IBPS PO, IBPS MT and Specialist Officer. we have good collection of Arithmetic Aptitude.
IBPS exam gives aptitude test in the preliminary exam as well as main exam, considering the importance of quantitative aptitude; candidates should prepare it well for clearing CWE. The banking exams give a weightage of 75 marks in quantitative aptitude to test the mathematical / numerical ability of aspirants. Being one of the most weighted sections, it demands focused hard work and regular preparation. The questions are formed from simple mathematical concepts yet too many candidates fear from this topic.
Quantitative aptitude consists of questions based on mathematical concepts and the ability to solve them as fast as one could. During the IBPS exam, it’s the speed of solving questions correctly that matters. It is therefore considered a good practice to exercise aptitude questions regularly and not loose time on solving questions during exams. For honing the skills of solving quantitative aptitude, one must know simple tricks to solve questions without committing common mistakes.
Dear Reader, below are 7 types of profit and loss problems which you will often find in bank exams. Though some types look difficult at first, you can solve them easily by using simple formulas or profit and loss shortcuts. Type I: Direct Formula Based Profit And Loss Percentages (Why This Is Easy?) This type […]
David purchased a house for Rs.75000 and a site for Rs.15000 respectively, if he sold the house for Rs.83000 and the site for Rs.10000, then find the resultant percentage of gain? A. 30 % B. 330/3 % C. 31/3 % D. 3.33 %
A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is A. 18% B. 20% C. 22% D. 24% Answer: B Solution: Let the cost price = Rs 100 then, Marked price = Rs 135 Required gain = 8%, So Selling price = […]
A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ? A. Rs15 B. Rs 20 C. Rs 22 D. Rs 25
A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is A. 12% B. 13% C. 14% D. 15%
A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was A. Rs 100 B. Rs 150 C. Rs 200 D. Rs 250
Sahil purchased a machine at Rs 10000, then got it repaired at Rs 5000, then gave its transportation charges Rs 1000. Then he sold it with 50% of profit. At what price he actually sold it. A. Rs. 22000 B. Rs. 24000 C. Rs. 26000 D. Rs. 28000
In terms of percentage profit, which among following the best transaction. A. C.P. 36, Profit 17 B. C.P. 50, Profit 24 C. C.P. 40, Profit 1 D. C.P. 60, Profit 29
Answers is in Bold : The loss percentage is found 25% on the basis of selling price of an article. The loss percentage on the basis of cost price will be : A) 18 B) 20 C) 22 D) 25 A sells an article to B at a profit of 10%. B sells the article […]
An article is sold at 20% discount and an extra 30% discount is given for cash payment. If Vidya has bought it at Rs. 2,240 in cash payment, then what was the list price of the article? A) Rs. 4000 B) Rs. 4368 C) Rs. 4400 D) Rs. 4480
The list price of an article is Rs. 920. The selling price after two consecutive discounts is Rs. 742.90. If first discount is 15% then what will be the rate of second? A) 3% B) 5% C) 8% D) 12%