Profit And Loss Pdf Model Questions & Answers, Practice Test for ibps po prelims 2024 2025

Question :1

Richa purchased an article at 4/5 of its list price and sold it at 20% more than the list price. Richa's profit percent was

Answer: (b)

Richa purchased an article = $4/5$ of its list price

Let list price = 50 units

Thus, Richa purchased at = 40 units

Purchased 40 - 20 units Profit

List price 50 - 20% profit

60 (New SP)

Profit% = $20/40 × 100 = 50%$

Question :2

X sells two articles for Rs. 4,000 each with no loss and no gain in the transaction. If one was sold at a gain of 25% the other is sold at a loss of

Answer: (c)

According to question,

 A BTotal
CP4+x= 4 + x
 25% profit   
SP5+5= 10

4 + x = 10

Because there is no profit no loss

x = 6

Then loss is 6 – 5 = 1

Thus % = 1/6 × 100 = 16$2/3%$

Question :3

A person sold a TV for Rs. 9,400 then he lost a particular amount, When he sold another TV of the same type at Rs. 10,600, his gain was double the former loss, What was the cost price of each TV?

Answer: (b)

According to question,

Given,

Loss

CP - 9400 = x ……… (i)

10600 – CP = 2x …….. (ii)

Put the value of eq. (i) in eq. (ii)

10600 – CP = 2CP - 18800

3 CP = 29400

CP = $29400/3$ = 9800

Question :4

The difference between the selling price of an article at a profit of 15% and at a profit of 10% is Rs. 10. The cost price of the article is

Answer: (d)

Let CP of the article is = 100 units

According to question,

100 (CP)

115

↓ 5 units difference

110

5 units → 10

1 unit → $10/5$

100 units → $10/5$ × 100 = Rs. 200

Question :5

A man buys a certain number of oranges at 20 for Rs. 60 and an equal number at 30 for Rs. 60. He mixes them and sells them at 25 for Rs. 60. What is gain or loss percent

Answer: (a)

According to question,

C.P.

Oranges at 20 for Rs. 60

price/orange = Rs.3

Oranges at 30 for Rs.60

price/orange = Rs.2

S.P.

Oranges at 25 for Rs.60

price/orange = Rs.2.4

Cost price + (profit/loss) = Selling price

(3 + 2) + (profit/loss) = 2 × 2.4

5 + (profit/loss) = 4.8

5 + (-0.2)(loss) = 4.8

loss % = $0.2/5 × 100 = 20/5 = 4% loss$

ibps po prelims 2024 2025 IMPORTANT QUESTION AND ANSWERS
Profit & Loss ibps po prelims 2024 2025 question answer with explanation PDF

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