profit and loss Model Questions & Answers, Practice Test for ibps so prelims
A shopkeeper allows 10% discount on goods when he sells without credit. Cost price of his goods is 80% of his selling price. If he sells his goods by cash, then his profit is
Answer: (c)
Let marked price of goods be Rs. 100.
Selling price of goods = 100 - $10/100 × 100$ = Rs. 90
Cost price of goods is 80% of its selling price
C.P. = $80/100 × 90$ = 72
Profit on goods = (90 – 72) = Rs. 18
Profit % = $18/72 × 100$ = 25%
A person A sells a table costing Rs. 2000 to a person B and earns a profit of 6%. The person B sells it to another person C at a loss of 5%. At what price did B sell the table?
Answer: (d)
The cost price of table for person B
= 2000 + 6 × $2000/100$
= 2000 + 120 = Rs. 2120
Selling price = 2120 - ${2120 × 5}/100$
= 2120 – 106 = Rs. 2014
If selling price is doubled, the profit triples, then the profit percent is
Answer: (c)
An article is sold at a profit at 32%. If the cost price is increased by 20% and the sale price remains the same, then the profit percentage becomes
Answer: (b)
Let original cost price of artical be 100
Original selling price of artical
= $100 + 100 × 132/100$ = 132
Now New cost price after increase
= $100 + 100 × 20/100$ = 120
New selling price = 132
Profit = 132 – 120 = 12
Required % = $12/120 × 100$ = 10%
Naresh purchased a TV set for Rs. 11250 after getting discount of 10% on the labelled price. He spent Rs. 150 on transport and Rs. 800 on installation. At what price should it be sold so that the profit earned would have been 15% if no discount was offered ?
Answer: (a)
Total cost price
= 11250 + 150 + 800 = Rs. 12200
Selling price
= 12200 × $115/100$ = Rs. 14030
ibps so prelims IMPORTANT QUESTION AND ANSWERS
ibps so prelimsTOPICS
Read More
ibps so prelims 2024 SYLLABUS
Read More
ibps so prelims 2024 NOTIFICATION
Read More
All Exams
-
SSC
»
Model MCQ Test [Syllabus Wise], Syllabus, Notification -
BANKING
»
Model MCQ Test [Syllabus Wise], Syllabus, Notification -
TNPSC
»
Model MCQ Test [Syllabus Wise], Syllabus, Notification
RECENT BLOGS
Recently Added Subject & Categories For All Competitive Exams
Ratio and Proportion Questions with Solutions, IBPS Clerk
New Ratio and Proportion Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz & Mock Test for IBPS Clerk Prelims 2024 Exam
Continue Reading »
Top Analogy Reasoning Ability For IBPS Clerk Prelims 2024
Most Important Analogy based Verbal Reasoning Multiple choice questions and answers practice quiz series PDF, Free New Mock tests For IBPS Clerk Prelims 2024
Continue Reading »
SSC STENO: Mensuration Area & Volume Questions Test PDF
Free Mensuration Area and Volume Aptitude-based Practice multiple questions with solutions, Quiz, Full Mock Test & PDF for SSC Steno (Grade C & D) 2024 Exam
Continue Reading »
SSC STENO: Speed Time and Distance MCQ Questions Test PDF
Free Time and Distance Aptitude-based Practice multiple questions with solutions, Quiz series, Mock Test & Download PDF for SSC Steno (Grade C & D) 2024 Exam
Continue Reading »