Profit And Loss Mcq Pdf Model Questions & Answers, Practice Test for ibps rrb clerk asst multipurpose mains 2024

Question :1

Krishna bought a camera and paid 20% less than its original price. He sold it at 40% profit on the price he had paid. The percentage of profit earned by Krishna on the original price was .

Answer: (c)

Let CP of the camera = 100 unit

$Purchase 80 →↖{20% less} 100 →↖{12% increase} 112$

12 % increase

Question :2

By selling 33 meters of cloth a person gains the cost price of 11 meters. Find his gain%

Answer: (b)

Let SP of 1 meter cloth = Rs. 1

SP of 33 meters cloth = 33

CP of 1 meter cloth = x

CP of 33 meter cloth = 33x

According to question,

Profit = SP - CP

11x = 33 – 33x

44x = 33

x = $33/44 = 3/4$

CP of 1 meter = Rs. $3/4$

CP of 33 meters = Rs. $3/4$ × 33 = Rs. $99/4$

SP of 33 meters = Rs. 33

Profit = SP - CP = 33 – $99/4 = 33/4$

Thus, Profit % = ${33/4}/{99/4} × 100 = 33/99 × 100$

= $1/3 × 100 = 33{1}/3%$

Question :3

By selling 12 kg of potatoes for 63, a shopkeeper gains 5%. What does his gain or lose percent by selling 50 kg of the same potatoes for 247.50 ?

Answer: (a)

SP of 1 potatoes = Rs. 63/12 = Rs. 21/4

CP × ${100 + P%}/100$ = SP

CP × $105/100 = 21/4$ = Rs. 5

gain or loss percent by selling 50 kg of the same potatoes for Rs. 247.50

CP of 50 kg potatoes = 50 × 5 = Rs. 250

Loss = 250 – 247.50 = Rs. 2.50

Loss% = $2.50/250 × 100 = 1%$

Question :4

A trader purchases a watch and a wall clock for Rs. 390. He sells them making a profit of 10% on the watch and 15% on the wall clock. He earns a profit of Rs. 51.50. the difference between the original price of the wall clock and the watch is equal to

Answer: (c)

Question :5

A man buys 3 cows and 8 goats in Rs. 47,200, Instead if he would have bought 8 cows and 3 goats he had to pay Rs. 53,000 more. Cost of one cow is :

Answer: (a)

According to question,

3C + 8G = Rs. 47200 ………… (i)

8C + 3G = 47200 + 53000

=Rs. 100200 ……….. (ii)

Add equa. (i) and (ii)

11C + 11G = 147400

C + G = 13400 ………….. (iii)

Subtract eqn. (i) and (ii)

- 5C + 5G = - 53 000

C – G = 10600 ………. (iv)

Solve eqn (iii) & (iv)

C = 12000

G = 1400

Thus, Cost of Cow = Rs. 12000

ibps rrb clerk asst multipurpose mains 2024 IMPORTANT QUESTION AND ANSWERS
Profit & Loss ibps rrb clerk asst multipurpose mains 2024 question answer with explanation PDF

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