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Important Profit and loss questions for SBI PO prelims part 1




SBI Clerk and SBI PO Prelims exam are going to be held in the upcoming months. We have already provided you with the PDFs of many topics of Quantitative Aptitude like Simplification/Approximation, Number Series,datainterpretation.important Arithmetic questions to prepare for SBI Clerk and PO Pre exam. Practicing these questions will help you to know about the level of the questions. To increase your speed and accuracy, enhance your calculations.

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1. A dairyman pays Rs.6.4 per liter of milk. Headds water and sells the maximum at Rs. 8per liter, there by making 37.5% profit. Theproportion of water to milk received by thecustomers is?
1) 1: 15 2) 1 : 10 3) 1 : 20
4) 1: 20 5) None of these

2. The cost price of 20 articles is the same asthe selling price of x articles. If the profit is25%, then the value of x is?
1) 25 2) 18 3) 16
4) 15 5) None of these

3. A person had deposited Rs. 13200 in a bankwhich pays 14% interest. He withdraws themoney and invests in Rs 100 stock at 15%.How much does he gain or loss? 
1) Loss Rs. 48 2) Gain Rs. 48
3) Loss Rs. 132 4) Gain Rs. 132
5) None of these

4. A video magazine distributor made 3500
copies of the March issue of the magazine ata cost of Rs 350000. He gave 500 cassettes
free to some key video libraries. He also
allowed a 25% discount on the market price
of the cassette and gave one extra cassette
free with every 29 cassettes bought at a time.In this manner, he was able to sell all the 3500 cassettes that were produced. If the market price of a cassette was Rs. 150, then what is his gain or less percent for the Marchissue of video magazine?
1) 25% loss 2) 10% gain 3) 40% gain
4) 6.8 loss 5) None of these

5. A firm of readymade garments makes bothmen’s and women’s shirts. Its average profitis 6% of the sales. Its profit in men’s shirtsaverage 8% of the sales and women’s shirtscompise 60% of the output. The averageprofit per sales rupee in women’s shirts is?
1) 0.0466 2) 0.0666 3) 0.0166
4) 0.0669 5) None of these

6.. A bought 4 bottles of beer and B bought onebottle of larger, larger per bottle costing
twice that of the beer. C bought nothing but
paid Rs. 50, for his share of the drink which
they mixed together and shared equally. If
C’s Rs. 50 covered his share, then what is thecost of the larger?
1) Rs. 50 2) Rs. 75 3) Rs. 30
4) Rs. 46 5) None of these

7. Ravi sells an article at a gain of 12 1/2% . If he had sold it at Rs. 22.50 more, he would
gained 25%. The cost price of the article is?
1) Rs. 162 2) Rs. 140 3) Rs. 196
4) Rs. 180 5) None of these

8. The sale price of an article including the
sales tax is Rs. 616. The rate of sales tax is
10%. If the shopkeeper has made of a profit
of 12%, then the cost price of the article is?
1) Rs. 500 2) Rs. 515 3) Rs. 550
4) Rs. 600 5) None of these

9. A reduction of 20% in the price of sugar
enables a purchaser to obtain 2 1/2 kg more for Rs. 160. Find the original price per kg of
the sugar.
1) Rs. 12 2) Rs. 15 3) Rs. 16
4) Rs. 18 5) None of these

10. If the cost of 12 pencils is equal to the selling price of 10 pencils, then the profit percent in the transaction is?
1) 16 2/3% 2) 18% 3) 20 %
4) 25% 5) None of these

11. Two motor cars were sold for Rs. 9900 each,gaining 10% on one and losing 10% on theother. Then the gain or loss percent in thewhole transaction is?
1) neither loss nor gain
2) 1% gain 3) 100/99% 4) 1% loss
5) None of thes

12.On selling a pen 5% loss and a book at 15%gain, Karim gains Rs. 7. If he sells the pen at 5% gain and the book at 10% gain, then he gains Rs. 13. The actual price of the book is?
1) Rs. 100 2) Rs. 80 3) Rs. 10
4) Rs. 400 5) None of these

13.. A man sells an article at 5% profit. If he hadbought it at 5% less and sold it for Rs. 1 less,he would have gained 10%. The cost price ofthe article is?
1) Rs. 200 2) Rs. 150 3) Rs. 250
4) Rs. 240 5) None of these

14. The value of machine depreciates at rate of12 percent per annum. It was purchased
three years ago. Its present value is Rs.
29644.032, then what was the purchase priceof the machine?
1) Rs. 48700 2) Rs. 43500
3) Rs. 38900 4) Rs. 39000
5) None of these

15. Profit earned by an organisation is
distributed among officers and clearks in theratio 5 : 3 respectively. If the number of
officers is 45 and the number of clerks is 80
and the amount received by each officer is
Rs. 25,000. Then what was the total amount
of profit earned?
1) Rs. 22 lakhs 2) Rs. 18.25 lakhs
3) Rs. 18 lakhs 4) Rs. 23.25 lakhs
5) None of these


SOLUTION

1.(2)
Let the quantity of milk purchase be x and
quantity of water added be y.
Then, ratio of water to milk be y : x.
CP = 6.4 x
SP = 8 (x + y)
Profit per cent = 37.5%

2.3)
According to question, CP of 20 articles =
SP of x articles = 1 (say)
4 CP of 1 articles 1/2 SP of 1 articles =1/2

3.

4. (4)
According to question, CP of 3500 cassettes
= Rs. 350000
The SP of one cassette after discount is Rs.
112.50
SP of each set of 30 cassettes (29 + 1)
= Rs. 29 * 112.50= Rs. 3262.50
4
SP of 3500 cassettes including 500 free
cassettes = Rs. 326250
4 Overall loss on Rs. 350000 is Rs. 23750
4 Loss per cent 23750/350000 = 6.8%

5. (1)
6.(1)

7.(4)
8.
9.(3)
According to question
purchasing capacity = Rs. 160
A reduction of 20% means, now a person
gets 5/2 kg for Rs. 32 and this is the present
price of that commodity.
4 Present price per kg 32/5*2= 12.8
Let the original price be Rs.x, then new
price is arrived after reduction 20% of it.
4x * 0.8=12.8
 x = 16

10.(3)
Let CP of 12 pencils
= SP of 10 pencils = Rs. 1
Then, CP of 1 pencil=1/12

11.
According to question, where SP is same
and also gain % and loss % is same there is
always a loss and such loss %
[Common loss or gain%]^2/10 =10^2/10 =1% loss

12.(2)
Let the CP of the pen and book
be Rs. x and Rs. y respectively.
0.95 x + 1.15 y = (x + y) + 7
0.15y - 0.05x = 7 ........ (i)
and 1.05 x + 1.1 y = (x + y) + 13
 0.05x + 0.1y = 13 .......... (ii)
Solving Eqs. (i) and (ii), we get y = Rs. 80

13.(1)
Let the CP of the article be Rs. 100
Then, SP = Rs. 105
Now CP = Rs. 95
New SP = Rs. 104.5
If he sells it for Rs. 0.5 less than CP = Rs.
100
If he sells it for Rs. 1 less than CP
100/0.5 = 200

14.(2)
15.(4)