100+ Profit and Loss Problems with Solutions Pdf for Bank Exams - 1

Question: 1

The marked price of a fan is Rs.620. Due to off season, a 15% discount is allowed. The S.P. of the fan is

(A) Rs. 327

(B) Rs. 427

(C) Rs. 527

(D) Rs. 547

Ans: C

S.P. = Rs. $$({85} / {100} × 620)$$ = Rs. 527.

Question: 2

A retailer buys a radio for Rs.225. His overhead expenses are Rs.15. He sells the radio for Rs.300. The profit percent of the retailer is

(A) 10

(B) 20

(C) 25

(D) 40

Ans: C

C.P. = Rs. (225 + 15) = Rs. 240

S.P. = Rs. 300

∴ Gain % = $$({60} / {240} × 100)$$% = 25%.

Question: 3

Rajesh purchased 35 kg of rice at the rate of Rs.9.50 per kg and 30 kg at the rate of 10.50 per kg. He mixed the two. Approximately, at what price per kg should he sell the mixture to make 35% profit in the transaction?

(A) Rs. 12

(B) Rs. 12.50

(C) Rs. 13.50

(D) Rs. 14

Ans: C

C.P.of 65 kg rice = Rs. (35 x 9.50 + 30 x 10.50) = Rs. 647.50

S.P. of 65 kg rice = Rs. 135% of 647.50

S.P. per kg = Rs. $$({135} / {100} × 647.50 × {1} / {65})$$

                = Rs. 13.44 = Rs. 13.50 approximately.

Question: 4

A shopkeeper professes to sell all things at a discount of 10%, but increases the S.P. of each article by 20%. His gain on each article is

(A) 6%

(B) 7%

(C) 8%

(D) 10%

Ans: C

Let C.P. be Rs. 100. Then, marked price = Rs. 120

S.P. = Rs. $$({90} / {100} × 120)$$ = Rs. 108

Gain = 8%.

Question: 5

Two successive discounts of 40% and 20% are allowed on an article. If a single discount is to be allowed then it is

(A) 50%

(B) 51%

(C) 52%

(D) 54%

Ans: C

Equivalent Discount = 100 – $$[(100 – 40) × {(100 – 20)} / {100}]$$

= 100 – $$(60 × {80} / {100})$$

= 100 – 48 = 52%.

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