profit and loss Model Questions & Answers, Practice Test for ibps clerk prelims

Answer: (d)

Cost price of watch

= ${4080 + 3650}/2 = 7730/2 = 3865$

Answer: (c)

Let CP for A = Rs. x

∴ CP for B = Rs. 1.2x

and CP for C = Rs. 1.5x

∴ 1.5 x = 225

$x = 225/1.5$ = Rs.150

∴ CP for A = Rs. 150

Answer: (a)

Let the value of consignment be x.

when $2/3$ rd of consignment was sold at a profit of 5%, then Profit = ${2/3x × 5}/100$

When the remaining which is $x/3$ consignment was sold at a loss of 2%, then according to Ques, we have

${{2x}/3 × 5}/100 - {x/3 × 2}/100 = 400$

(Total profit = 400)

⇒ 10x – 2x = 120000 ⇒ x = 15,000

Answer: (d)

Let the actual cost price be Rs. 100

Actual selling price at 10% profit = Rs. 110

Supposed cost price at 4% less = Rs. 96

Supposed selling price at 18 3 4 % profit

= Rs. 96 × $118{3}/4/100$ = Rs. 114.

∴ The difference in the selling price

= Rs. 114 – Rs. 110 = Rs. 4

Now, use the unitary method.

If the difference is Rs. 4. the cost price = Rs. 100

If the difference is Rs. 6, the cost price

= Rs. $100/4$ × 6 = Rs. 150.

Answer: (a)

Profit on the first table = $400(25/125)$ = Rs.80

he loses Rs. 80 on the second table (Since there is neither profit nor loss)

Cost price of second table = $80/10 × 100$ = Rs.800