profit and loss mcq pdf Model Questions & Answers, Practice Test for ibps rrb so officer sclae 2 3 single exam 2024
ibps rrb so officer sclae 2 3 single exam 2024 SYLLABUS WISE SUBJECTS MCQs
Number System
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Ratio & Proportion
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Profit & Loss
A man buys a field of agricultural land for Rs. 3,60,000 . He sells two-fifths at a gain of 25%. At what price must he sell the remaining field so as to make an overall profit of 10% ?
Answer: (c)
According to question,
2 Parts | 3 Parts | Total | |
CP | 2 : | 3 : | 5 |
or | or | or | |
200 + | 300 | = 500 | |
25% profit | 10% overall |
SP 250 + 300 = 550
Thus, Remaining parts sold at CP
SP of 3/5th part = $3/5$ × 360000
= Rs. 216000
A man buys some articles at Rs. P per dozen and sells them at Rs. P/8 per piece. His profit percent is
Answer: (c)
According to question,
CP of 12 articles = Rs. P
SP of article = Rs. $P/8$ × 12 = $3/2$ P
Profit = SP - CP
= $({3P}/2 - P) = {3P - 2P}/2 = P/2$
Profit% = $P/{2/P} × 100 = 1/2 × 100$
= 50%
The price of an article is cut by 10%. To restore it to former value the new price must be increased by
Answer: (c)
According to question,
$10 ⇄↖{cut 10%}↙{increase 1 unit} 9$
Raised % = $1/9 × 100 = 11{1}/9%$
Find a single discount equivalent to a discount series of 10%, 20% and 25%:
Answer: (c)
Single discount % will be
10% = $-1/10$
10% = $1/10$ → Discount (-1) 9
20% = $1/5$ → Discount (-1) 4
25% = $1/4$ → $4/50$ (23 Discount) $3/27$
Discount % = $\text"Discount"/\text"MRP"$ × 100
= $23/50$ × 100% = 46%
Alternative: From first two successive discounts using 10% and 20%
→ Equal single discount
= $(a + b - {ab}/100)$%
$(10 + 20 - {10 × 20}/100)%$ = 30 - 2
= 28 %
Using 28% and last successive discount of 25%
= $(25 + 28 - {25 × 28}/100)%$
Final equal discount = 46%
A dealer fixed the price of an article 40% above the cost of production. While selling it he allows a discount of 20% and makes a profit of Rs. 48. The cost of production (in Rs.) of the article is
Answer: (a)
CP (100)
↓ +40%
MP (140)
↓ Discount 20%
SP (112)
Let CP be 100
12 units → Rs. 48
1 unit → Rs. 4
100 units → 4 × 100
= Rs. 400
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