Hello Aspirants. Welcome to Online Quantitative Aptitude in AffairsCloud.com. Here we are creating question sample in Profit & Loss, which is common for all the IBPS,SBI exam and other competitive exams. We have included Some questions that are repeatedly asked in bank exams !!!

- The cash difference between the selling price of an article at a profit of 8% and 4% is Rs 3 the ratio of the two selling price is

A. 51 : 52

B. 27 : 26

C. 51 : 53

D. 52 : 55

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###### Solution

**Answer – B (27:26)**

Explanation – Let the C.P of the article be Rs. x

Then required ratio = 108% of x / 104% of x

= 108/104= 27:26

[/su_accordion] **A man sells two flats at the rate of Rs. 2 lakhs each. On one he gains 3% and on the other, he loses 3%. His gain or loss % in the whole transaction is**

A. 9% loss

B. 2% loss

C. 3% loss

D. 25% loss

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###### Solution

**Answer – A (0.09% loss)**

Explanation – Loss% = X^2/100=(3)^2/100 % =0.09%

[/su_accordion]**A man sells two flats for Rs. 8000 each. neither loosing nor gaining in the deal. If he sold one at a gain of 25%, the other commodity sold at a loss of:**

A. 50/3 %

B. 18 /3%

C. 25%

D. 32%

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###### Solution

**Answer – A (50/3 %)**

Explanation – Total S.P = 16000 Rs. and Total C.P = 16000 Rs.

S.P. of Ist = Rs. 8000. Gain on it = 25%

C.P of Ist = Rs. (100/125 x 8000) = Rs.6400

C.P of 2nd = Rs, (16000 – 6400) = Rs. 9600.

S.P of 2nd = 8000.

∴loss on 2nd commodity = (1600/9600 x 100)% = 50/3%

[/su_accordion]**A house and shop were sold for Rs. 1 lakh each. In this transaction the house sell resulted into 20% loss whereas the shop sell resulted into 20% of profit. The entire transaction resulted in:**

A. no loss no gain

B. loss of Rs 1/12 lakh

C. loss of Rs 4lakh

D. gain of Rs 6lakh

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###### Solution

**Answer – B (loss of Rs. 1/12 lakh)**

Explanation – Total S.P = Rs. 2 lakh.

C.P of house = Rs. (100/80 x 1)lakh = Rs 5/4 lakh

C.P of shop = Rs. (100/120 x 1)lakh = Rs. 5/6 lakh

Total C.P = Rs. (5/4 + 5/6)lakh = Rs. 25/12 lakh

∴ loss = Rs.(25/12 – 2)lakh = Rs. 1/12 lakh.

[/su_accordion]**Reshma purchased 120 chairs at price of Rs. 110 per chair. He sold 30 chairsat a profit of Rs. 12 per chair and 75 chairs at profit of Rs. 14 per chairs. The remaining chairs were sold at a loss of Rs. 7 per chairs. What is the average profit per table?**

A. Rs 10.56

B. Rs 10.87

C. Rs 12.123

D. Rs 12.67

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###### Solution

**Answer – B (Rs 10.875)**

Explanation – Total C.P = Rs. (120 x 110) =Rs. 13200.

Total S.P = Rs.[(30 x 110 + 30 x 12) + (75 x 110 + 75 x 14) + (15 x 110 – 15 x 7)

=Rs..14505

Average profit = Rs. (14505 – 13200) /120

= Rs. 1305/120= 10.875

[/su_accordion]**Hemant sold 10 sarees for a total profit of Rs. 460 and 12 sarees for a total profit of Rs. 144. At what profit per saree should he sell the remaining 20 sarees so that he gets an average profit of Rs. 18 per sarees?**

A. Rs 7.10

B. Rs 7.60

C. Rs 7.99

D. Rs 8

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###### Solution

**Answer – B (Rs 7.60)**

Explanation – Total profit required = Rs.(42 x 18) = Rs.756

Profit on 22 sarees = Rs. (460 + 144) = Rs. 604

Profit on 20 sarees = Rs. (756 – 604) = Rs. 152

Average profit on these sarees = Rs.(152/20) = Rs. 7.60

[/su_accordion]**Sanki purchased 20 dozen notebook at Rs. 48 per dozen. He sold 8 dozen at 10% profit and remaining 12 dozen with 20% profit. What is his profit percentage in the transaction?**

A. 8%

B. 15%

C. 16%

D. 19%

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###### Solution

**Answer – C (16%)**

Explanation – C.P of 20 dozen = Rs.(48 x 20) = Rs.960

C.P of 8 dozen = Rs. (48 x8) = Rs. 384.

C.P of 12 dozen =Rs. (960 – 384) = Rs. 576

Total S.P = Rs. (110/100 x 384 +120/100 x 576) = Rs.1113.60

∴ Profit % = (153.60/960 x 100)% =16%

[/su_accordion]**A man purchased wheat worth Rs. 400. He sold 3/4 at a loss of 10% and the reminder at a gain of 10%. On the whole he gets:**

A. loss of 5%

B. gain of 5

C. loss of 19%

D. loss of 6%

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###### Solution

**Answer – A (loss of 5%)**

Explanation – C.P of 3/4th = Rs. (3/4 x 400) = Rs. 300,

C.P of 1/4th = Rs. 100

∴ Total S.P = (90% of Rs. 300 + 110% of Rs. 100) = Rs. 380

Loss = (20/400 x 100)% = 5%

[/su_accordion]**Reema buys dress for 10% less than its value and sells it for 10% more than its value. His gain or loss percent is:**

A. no profit, no loss

B. 20% profit

C. less than 20% profit

D. more than 20% profit

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###### Solution

**Answer – D (more than 20% profit)**

Explanation –

Let the article be worth Rs. x.

C.P. = 90% of Rs. x. = Rs.(9/10)x S.P. = 110% of Rs.x = Rs.(11/10)x

Gain = Rs.11/10x- 9/10x=(1/5)x

gain %=(2/5x) x (10/9x) x 100 =44.44% >20%

[/su_accordion]**A retailer buys 40 pens at the marked price of 36 pens from a wholesaler. If he sells these pens giving a discount of 1%, what is the profit percent?**

A. 10%

B. 22%

C. 25%

D. 26%

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###### Solution

**Answer – A (10%)**

Explanation – Let the marked price of each pen be Re. 1.

Then, C.P. of 40 pens = Rs. 36.

S.P. of 40 pens = 99% of Rs. 40 = Rs. 39.60.

∴ Profit% = [3.60/36 x 100]% = 10%.

[/su_accordion]**Jimmy bought 25 apples for Rs.10 and sold them at the rate of 24 apples for Rs.12. What is the percentage of profit made by him?**

A. 25%

B. 70%

C. 60%

D. 100%

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###### Solution

**Answer – A (25%)**

Explanation – CP of 1 apple=10/25=2/5

SP of 1 apple=12/24=1/2

profit= 1/2-2/5=1/10

%= [(1/10) / (2/5) ] x 100 =25 %

[/su_accordion]**60% loss on cost price is what percent loss on selling price?**

A. 28

B. 38 %

C. 40

D. 150%

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###### Solution

**Answer – D (150 %)**

Explanation – Loss = 60% on CP i.e., 0.6CP

⇒ SP = 0.4CP Loss % on SP = loss/SP x 100

= 0.6CP/0.4CP x 100 = 150%.

[/su_accordion]**A person, by selling an article at half of the list price incurs a loss of 20%. Find the profit percentage if he sells at the list price?**

A. 25%

B. 60%

C. 5%

D. 30 %

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###### Solution

**Answer – B (60 %)**

Explanation – 0.50 MP = 0.8 CP (since 20% loss) So, MP = 160CP ⇒ 60% gain.

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