100+ Profit and Loss Problems with Solutions Pdf for Bank Exams - 4

 Question: 6

A shopkeeper sold an article for Rs.2564.36. Approximately what was his profit percent if the cost price of the article was Rs.2400?

(A) 7

(B) 8

(C) 10

(D) 12

View Answer

Ans: A

Gain % = (

164.36

2400

×100)%

            = 6.84% = 7%.

Question: 7

By selling a motorcycle for Rs.22600 a person gains 13%, what was his gain?

(A) Rs. 2200

(B) Rs. 2600

(C) Rs. 2936

(D) Data inadequate

View Answer

Ans: B.

S.P. Rs. 22600, gain 13%

C.P. = (

100

113

×22600) = Rs. 20000

∴ Gain = Rs. (22600 – 20000) = Rs. 2600.

Question: 8

A single discount equivalent to a discount series of 30%, 20% and 10% is

(A) 28%

(B) 38%

(C) 51%

(D) 54%

View Answer

Ans: A

Single discount = 10 + 20 – (10×

20

100

) = 30 – 2 = 28%.

Question: 9

A shopkeeper bought an article for Rs.519.50. Approximately, at what price should he sell the article to make 25% profit?

(A) Rs. 300

(B) Rs. 400

(C) Rs. 450

(D) Rs. 490

View Answer

Ans: B

S.P. = 125% of Rs. 319.60

     = Rs. (

125

100

×319.60)

     = Rs. 399.50

     = Rs. 400 (approximately).

Question: 10

A customer purchased an office bag with a price tag of Rs.600 in a sale where 25% discount was being offered on the tag price. The customer was given a further discount of 10%. The final amount paid by the customer was

(A) Rs. 390

(B) Rs. 405

(C) Rs. 540

(D) Rs. 565

View Answer

Ans: B

Final amount = 90% of 75% of Rs.600

= (

90

100

×

75

100

×600) = Rs. 405.