100+ Profit and Loss Questions for Bank PO, SO, Clerk Exams - 2

Question: 6

A fan is listed at Rs.1500 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer to bring the net price to Rs.1104?

(A) 6%

(B) 8%

(D) 11%

View Answer

Ans: B

S.P. after 1st discount = Rs. $$({80}/{100} × 1500)$$ = Rs. 1200.

Net S.P. = Rs. 1104.

Discount on Rs. 1200 = Rs. 96.

∴ Required discount = $$({96}/{1200} × 100)%$$ = 8%.

Question: 7

Find the selling price of an article if a shopkeeper allows two successive discounts of 5% each on the marked price of Rs. 80.

(A) Rs. 70.10

(B) Rs. 70.20

(D) Rs. 72.20

View Answer

Ans: D

S.P. = 95% of 95% of Rs. 80 = Rs. $$({95} / {100} × {95} / {100} × 80)$$ = Rs. 72.20.

Question: 8

By selling an umbrella for Rs.300, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is

(A) 7

(B) 8

(D) 10

View Answer

Ans: B

Marked price = Rs. 300

C.P. = Rs. $$({100}/{120} × 300)$$ = Rs. 250.

Sale price = 90% of 300 = Rs. 270.

∴ Required gain % = $$({20} / {250} × 100)%$$ = 8%.

Question: 9

A shopkeeper purchases a TV in Rs.6000 and sells is at 15% loss. The selling price of T.V. is

(A) Rs. 5100

(B) Rs. 5600

(D) Rs. 5900

View Answer

Ans: D

S.P. = Rs. $$(6000 - {15} / {100} × 6000)$$ = Rs. 5100.

Question: 10

By selling 90 ball pens for Rs.160, a person loses 20%. How many ball pens should be sold for Rs.96 so as to have a profit of 20%?

(A) 12

(B) 24

(D) 48

View Answer

Ans: C

S.P. of 90 ball pens = Rs. 160, Loss = 20%.

C.P. of 90 ball pens = Rs. $$({100}/{80} × 160)$$ = Rs. 200.

∴ Desired S.P. of 90 ball pens = Rs. $$({120}/{100} × 200)$$ = Rs. 240.

For Rs. 240, ball pens sold = 90.

For Rs. 96, ball pens sold = $$({90}/{240} × 96)$$ = 36.

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100+ Profit and Loss Questions for Bank PO, SO, Clerk Exams - 2

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