Quantitative Aptitude Questions (Profit and loss) for SBI Clerk 2018 Day- 119

Dear Readers, SBI is conducting Online preliminary Examination for the recruitment of Clerical Cadre. preliminary Examination of SBI Clerk was scheduled from June 2018. To enrich your preparation here we have providing new series of Profit and loss- Quantitative Aptitude Questions. Candidates those who are appearing in SBI Clerk Prelims Exam can practice these Quantitative Aptitude average questions daily and make your preparation effective.

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1. The shopkeeper allows two successive discounts of 15 % and 10 %. If the percentage of mark up price of an item is 20 % and the cost price of an item is Rs. 1500, then find the selling price of an item?

1. Rs. 1563
2. Rs. 1129
3. Rs. 1377
4. Rs. 1670
5. None of these

2. The marked price of a silver ring is 280 less than the two times of the cost price and jeweller allows a discount of 20 %. Find the Cost price, if the selling price of the silver ring is Rs. 800?

1. Rs. 640
2. Rs. 680
3. Rs. 700
4. Rs. 660
5. None of these

3. Shopkeeper bought two tables for Rs. 1500 each. If he sold one at a profit of x% and another at a loss of 20 %, then in the whole transaction, there is no profit or loss. Find the value of ‘x’.

1. 24
2. 26
3. 28
4. 20
5. None of these

4. Santhosh bought a chair and spent Rs. 100 on its repairs. Then he sold it to Ragu at a profit of 20% and then he sold it to Suresh at a loss of 10%. Suresh finally sold it for Rs.1782 at a profit of 10%. How much amount did Santhosh initially pay for the chair?

1. Rs. 1400
2. Rs. 1500
3. Rs. 1350
4. Rs. 1250
5. None of these

5. A sold an article for Rs. 954 and earned a profit of 6 %. At what price should it have been sold so as to earn a profit of 14 %?

1. Rs. 1134
2. Rs. 1026
3. Rs. 1278
4. Rs. 1082
5. None of these

6. A person sold two tables for Rs. 1200 each. He made a profit of 25% on one table and a loss of 25% on the other. What will be the overall profit/loss %?

1. 7 %
2. 5.5 %
3. 4.75 %
4. 6.25 %
5. None of these

7. A shopkeeper sells an article at a loss of 9 1/2%. Had he sold it for Rs. 46.50 more, he would have earned a profit of 6%. Find the cost price of the article?

1. Rs. 300
2. Rs. 450
3. Rs. 400
4. Rs. 350
5. None of these

8. A shopkeeper sold half of his items at 25% profit, half of the remaining at 20% loss and the rest was sold at the cost price. Find the gain/loss % in the whole transaction?

1. 12 %
2. 10.5 %
3. 7.5 %
4. 9 %
5. None of these

9. A dealer purchased a Sofa for Rs. 8100. He allows a discount of 10% on its marked price and still gains 15%. Find the marked price of the Sofa?

1. Rs. 11500
2. Rs. 10350
3. Rs. 12000
4. Rs. 12750
5. None of these

10. The profit earned by selling an article for Rs. 2540 is the same as the loss incurred by selling the article for Rs.1640. At what price should it be sold to make a 30% profit?

1. Rs. 2985
2. Rs. 3134
3. Rs. 2717
4. Rs. 2896
5. None of these

Answers:

1.Answer c

CP*[(100 + Mark up %)/100] = MP

1500*(120/100) = MP

MP = 1800

SP = 1800*(85/100)*(90/100) = Rs. 1377

2.Answer a

MP = 2CP – 280

MP*(80/100) = 800

MP = 1000

1000 = 2CP – 280

1280 = 2CP

CP = 1280/2 = Rs. 640

3.Answer d

According to the question,

1500*(100 + x)/100 + 1500*(80/100) = 3000

1500 + 15x + 1200 = 3000

15x + 2700 = 3000

15x = 300

X = 20

4.Answer a

Let Santhosh pay for the chair be Rs. x,

(x + 100)*(120/100)*(90/100)*(110/100) = 1782

(x + 100) = (1782*100*100*100)/(120*90*110)

(x + 100) = 1500

X = 1500 – 100 = Rs. 1400

5.Answer b

Let us take cost price be x

SP = CP * 106/100 = 954

CP = 900

New SP = 900* 114/100 = 1026

Shortcut:

(100+ Profit %)/SP1 = (100 + Profit %)/SP2

(100+ 6)/954 = (100+ 14)/SP2

(106/954) = (114/SP2)

SP2 = 114*(954/106) = Rs. 1026

6.Answer d

 (125/100)*CP1 = 1200

CP1 = 1200*(4/5) = Rs. 960

(75/100)*CP2 = 1200

CP2 = 1200*(4/3) = Rs. 1600

Overall profit = (960 + 1600) – (1200 + 1200) = 160

Profit % = (160/2560)*100 = 6.25 %

7.Answer a

Let the cost price be Rs. x,

According to the question,

(106% of x) – (90 1/2% of x) = 46.50

15 1/2% of x = 46.50

 x = (46.50 ∗ 100 ∗ 2/31) = 300

Cost price of the article = Rs. 300

8.Answer c

Let the cost price of whole items be Rs. x,

CP of 1/2 of the items = Rs. x/2

CP of 1/4 of the items = Rs. x/4

Total SP = Rs. [(125% of x/2) + (80% of x/4) + x/4]

= > Rs. (5x/8 + x/5 + x/4)

= > Rs. 43x/40

Gain = Rs. (43x/40 – x)

= > Rs. 3x/40

Gain % = [(3x/40)/x]*100 = 7.5 %

9.Answer b

Selling price of Sofa = 8100*(115/100) = Rs. 9315

Marked price*(90/100) = 9315

Marked price of Sofa = 9315*(100/90) = Rs. 10350

10.Answer c

According to the question,

Profit = Loss

SP1 – CP = CP – SP2

2540 – CP = CP – 1640

2CP = 1640 + 2540

CP = 4180/2 = Rs. 2090

SP = 2090*(130/100) = Rs. 2717

Shortcut:

CP = (1640+2540)/2 = 4180/2

= Rs. 2090

SP = 2090 * 130/100 = Rs.2717

 

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