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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Trigonometric Ratios & Identities
Average
Profit & Loss
From 2008 to 2009, the sales of a book decreased by 80%. If the sales in 2010 were the same as in 2008, by what percent did it increase from 2009 to 2010 ?
Answer: (a)
A cloth merchant sold half of his cloth at 20% profit, half of the remaining cloth at 20% loss and the rest was sold at his cost price. In the total transaction, his gain or loss will be
Answer: (b)
Let the total cloth is = 100 units
CP of 100 units cloth are = Rs. 100
According to question,
100 (unit cloth)
50 + 25 + 25 = Rs. 100
5% Profit
60 + 20 + 25 = Rs. 105
5 % profit
A man purchases two fans for Rs. 2,160. By selling one fan at a profit of 15% and the other at a loss of 9% he neither gains nor loss in the whole transaction. Find the cost price of each fan in Rs.
Answer: (c)
A shopkeeper bought 80 kg of sugar at the rate of Rs. 13.50 per kg. He mixed it with 120 kg of sugar costing Rs. 16 per kg in order to make a profit of 20%, he must sell the mixture at
Answer: (b)
According to question,
CP of Mixture
= ${80 × 13.5 + 120 × 16}/200 = {1080 + 1920}/200$
= $3000/200 = 15$
to gain 20% SP is = 15 × $20/200$ × 15
= 15 + 3 = Rs. 18 per kg
The cost price of a book is Rs. 150. At what price should it be sold to gain 20% ?
Answer: (a)
According to question,
CP of a book = Rs. 150
Profit = 20%
SP of a book = CP + Profit% × CP
= 150 + $20/100$ × 150
= 150 – 30
SP = 150 + 30 = 180
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