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

ibps clerk prelims SYLLABUS WISE SUBJECTS MCQs

Number System

Average

Profit & Loss

Question :26

A property dealer sells a house for Rs. 6,30,000 and in the bargain makes a profit of 5%. Had he sold it for Rs. 5,00,000, then what percentage of loss or gain he would have made?

Answer: (d)

C.P. = Rs. $(100/105 × 630000)$ = Rs. 600000.

∴ Required loss % = $(100000/600000 × 100)% = 16{2}/3$%.

Question :27

A dishonest dealer prefers to sell his goods at cost price but uses less weight for a kg weight and gains 4$1/6$%. What does he use for a kg weight?

Answer: (c)

$100 × 1000/x - 100 = 25/6$

x = 960 gm

Question :28

A shopkeeper labelled the price of his articles so as to earn a profit of 30% on the cost price. He, then sold the articles by offering a discount of 10% on the labelled price. What is the actual per cent profit earned in the deal?

Answer: (e)

Let the cost price of the articles be Rs.100

Marked Price = Rs.130

After giving a discount of 10% the selling price of the articles

= 0.9 × 130 = 117

So, actual profit per cent = $(117 - 100)/100 × 100$ = 17%

Question :29

It is known that the shopkeeper takes a discount of 10% from his supplier and he disregards this discount while marking up (i.e., he marks up at the undiscounted price), find the percentage profit for the shopkeeper if there is no other change from the previous problem.

Answer: (d)

The new situation is Buying:

1100 grams for Rs.900

Hence, 1320 grams for Rs. 1080

Selling: 900 grams for Rs. 1080

Profit % = $420/900 × 100$ = 46.66%

Question :30

Dolly goes to a shop to purchase a doll priced at Rs. 400. She is offered 4 discount options by the shopkeeper. Which of these options should she opt for to gain maximum advantage of the discount offered?

Answer: (b)

She should opt for a straight discount of 30% as that gives her the maximum benefit.

ibps clerk prelims IMPORTANT QUESTION AND ANSWERS

Recently Added Subject & Categories For All Competitive Exams

IBPS Clerk Prelims 2024 Synonyms Questions Solved Answers

Most important IBPS Clerk Prelims 2024 Synonyms and Antonyms multiple choice questions and answers with detailed solutions, English vocabulary PDF Download

14-May-2024 by Careericons

Continue Reading »

New Cloze Test Questions and Answers PDF - IBPS Clerk 2024

The most important Cloze Test questions with detailed answers for upcoming IBPS Clerk prelims 2024. Latest English verbal ability practice MCQs, PDF

13-May-2024 by Careericons

Continue Reading »

Mensuration Aptitude Practice Mcq Questions IBPS Clerk 2024

Most Important Practice Mensuration aptitude multiple choice questions, answers with detailed solutions, PDF beginner to advanced for IBPS Clerk Prelims 2024

11-May-2024 by Careericons

Continue Reading »

Top Clock Aptitude Questions and Answers PDF IBPS Clerk 2024

Recent Important IBPS Clerk Prelims 2024 Aptitude Clock MCQ Questions and answers with easy and logical explanation, PDF. Topic wise Free online practice test

10-May-2024 by Careericons

Continue Reading »