Bank Paper  Profit and Loss

 Profit and Loss

1. A man buys a single apple for Rs 25. If he were to buy a dozen apples, he would have to p ay a total amount of Rs 250. What would be the approximate per cent discount he would get on buying a dozen apples ?

(1)   32

(2)   20

(3)   12

(4)   8

(5)   17

Answer: (5)

2. Meena purchased a car for Rs 250000 and sold it for Rs 348000. What is the per cent profit she made on the car ?

(1)   40

(2)   39.2

(3)   38.4

(4)   38

(5)   None of these

Answer: (2)

3. A shopkeeper bought 30 kg of wheat at the rate of Rs 45 per kg. He sold forty per cent of the total quantity at the rate of Rs 50 per kg. Approximately at what price per kg should he sell the remaining quantity to make 25% overall profit ?

(1)   Rs 54

(2)   Rs 52

(3)   Rs 50

(4)   Rs 60

(5)   Rs 56

Answer: (4)

4. Rajni purchased a mobile phone and a refrigerator for Rs 12000 and Rs 10000 respectively. She sold the first at a loss of 12% and the second at a profit of 8% . What is her overall loss/profit?

(1)   loss of Rs 280

(2)   profit of Rs 2160

(3)   loss of Rs 240

(4)   profit of Rs 2060

(5)   None of these

Answer: (5)

5. Harshad bought 15 pieces of DVD players @ Rs 4500 each and sold all of them at the total price of Rs 81000. What is the per cent profit earned in the deal ?

(1) 

(2)   20

(3)   25

(4)   20.5

(5)   None of these

Answer: (2)

6. Manoj sold an article for Rs 15000 he had offered a discount of 10% on the selling price, and earned a profit of 8%. What is the cost price ?

(1)   Rs 12500

(2)   Rs 13500

(3)   Rs 12250

(4)   Rs 13250

(5)   None of these

Answer: (1)

7. Naresh purchased a TV set for Rs 11250 after getting discount of 10% on the labeled price. He spent Rs 150 on transport and Rs 800 on installation. At what price should it be sold so that the profit earned would be 15%, If no discount was offered ?

(1)   Rs 13937.50

(2)   Rs 14030

(3)   Rs 13450

(4)   Rs 15467.50

(5)   None of these

Answer: (2)

8. The profit earned after selling an article for Rs 1754 is the same as the loss incurred after selling the article for Rs 1492. What is the cost price of the article?

(1)   Rs 1623

(2)   Rs 1523

(3)   Rs 1689

(4)   Rs 1589

(5)   None of these

Answer: (1)

9. Prathik sold a music system to Karthik at 20% gain and Karthik sold it to Swasthik at 40% gain. If Swathik paid Rs 10500 for the music system, what amount did Prathik pay for the same ?

(1)   Rs 8240

(2)   Rs 7500

(3)   Rs 6250

(4)   Cannot be determined

(5)   None of these

Answer: (3)

10. In a sale, a perfume is available at a discount of 15% on the selling price. If the selling price is Rs 3675.40, then find the original selling price of the perfume?

(1)   Rs 4324

(2)   Rs 4386

(3)   Rs 4400

(4)   Rs 4294

(5)   None of these

Answer: (1)

11. The profit earned after selling an article for Rs 1518 is t he same as the loss incurred after selling the article for Rs 1112. What is the cost price of the article ?

(1)   Rs 1314

(2)   Rs 1343

(3)   Rs 1414

(4)   Rs 1434

(5)   None of these

Answer: (1)

12. The profit earned after selling on article for Rs 996 is the same as the loss incurred after selling the article for Rs 894. What is the price of the article ?

(1)   Rs 935

(2)   Rs 905

(3)   Rs 945

(4)   Rs 975

(5)   None of these

Answer: (3)

13. The owner of a furniture shop charges his customers 12% more than the cost price. If a customers paid Rs 4056 for dining table, what is the cost price of the dining table?

(1)   Rs 14000

(2)   Rs 12500

(3)   Rs 13540

(4)   Rs 11550

(5)   None of these

Answer: (5)

14. A shopkeeper sells 200 m cloth for Rs 9000 at a profit of Rs 5 per metre. What is the cost price of 1 m of cloth ?

(1)   Rs 45

(2)   Rs 40

(3)   Rs 35

(4)   Rs 30

(5)   None of these

Answer: (2)

15. The profit earned after selling a wrist watch for Rs 5766 is the same as the loss incurred after selling the wristwatch for Rs 4315. What is the cost price of the wrist watch?

(1)   Rs 6000

(2)   Rs 5100

(3)   Rs 4900

(4)   Rs 5040

(5)   None of these

Answer: (4)

16. The profit earned after selling an article for Rs 625 is the same as the loss incurred after selling the article for Rs 435. What is the cost price of the article?

(1)   Rs 530

(2)   Rs 520

(3)   Rs 540

(4)   Rs 550

(5)   None of these

Answer: (1)

Directions (Q. Nos. 17 to 20) Each of the questions below consists of a question and two statements A and B given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read the questions and both statements and given answer

(1) if statement A is alone sufficient to answer t he questions

(2) if statement B is alone sufficient to answer the questions

(3) if both the statement independently are sufficient to answer the question

(4) if both the statements are not sufficient to answer the question

(5) if both the statements together are sufficient to answer the question but neither statement is sufficient alone

17. What was the per cent profit/loss made/incurred by selling an article for Rs 24000

A. The cost price of 5 such laptops is equal to the selling price of 4 such laptops.

B. The difference between the cost price and the selling price is Rs 9600.

Answer: (3)

18. What is the profit earned by selling a laptop for Rs 26250?

A. The cost price of 5 such laptops is equal to the selling price of 4 such laptops.

B. 25% profit is earned by selling each laptop.

Answer: (3)

19. What is the profit earned by selling a book for Rs 400?

A. The cost price of 5 such books is equal to the selling price of 4 such books.

B. 25% profit is earned by selling each book.

Answer: (3)

20. What is the profit earned by selling a watch for Rs 15675 ?

A. The cost price of 5 such watches is equal to the selling price of 4 such watches.

B. 25% profit is earned by selling each watch.

Answer: (3)

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