profit and loss Model Questions & Answers, Practice Test for ibps so prelims 2023

Answer: (a)

MP of 1 Pencil = Rs. 1

For supplier, SP of 20 pencils = Rs. 16

For retailer, SP of 20 pencils = Rs. 20

Profit percentage = $4/16 × 100$ = 25%

Answer: (a)

CP = SP – Profit

= 56 – x ...(1)

CP = SP + Loss

= 42 + x ...(2)

56 – x = 42 + x

56 – 42 = x + x

14 = 2x

x = $14/2$ = 7.

CP = 56 – 7 = 49.

Answer: (e)

M.P = 5600 × 112% = 6272

Answer: (d)

In such type of question,

Required % loss = $(25)^2/100%$

= $625/100% = 6.25% = 6{1}/4 %$

Answer: (c)

Let the number of chairs be x and the number of stools be y.

Therefore, according to the question,

4x + 9y = 1340 ...(1)

10% of 4x + 20% of 9y = 188

${40x}/100 + {180y}/100 = 188 ⇒ {4x}/10 + {18y}/10 = 188$

⇒ 4x + 18y = 1880 ...(2)

Solving the equations (1) and (2) by elimination method, we get

– 9y = – 540 ⇒ y = 60

Therefore, equation (1) gives

4x = 1340 - 9y ⇒ 4x = 1340 - 9 × 60

⇒ 4x = 1340 – 540 ⇒ 4x = 800

Thus, the money to be paid for the chairs is Rs.800.