Profit and loss Questions for SBI Clerk Mains, IBPS Clerk Mains,

RBI Assistant Mains, LIC AAO, SBI PO Pre, IBPS PO Pre and RRB
Scale I Pre Exams.
Profit n Loss Quiz 16

Directions: Read the following questions carefully and choose the right answer.

1. A shopkeeper marked a product, 20% above the cost price and sold the product for Rs.
3888 by giving two successive discounts of 10% each. Find the cost price of the
product and the loss percentage of the shopkeeper.
A. 4200, 7.4% B. 4000, 2.8% C. 4100, 5.1% D. 4050, 4% E. None of these

2. The marked price of a John Players Denim is Rs. 1490. On the occasion of Rakshabandhan,
the showroom offered two successive discounts of 11.25% and D% respectively. If an
individual purchased the Denim for Rs. 1193.44, then find the value of value of ‘D’?
A. 9.75 B. 8.75 C. 5.5 D. 10.75 E. 11.25

3. The C.P of a Denim is 10% more than C.P of a T-shirt. The shopkeeper marked up
Denim at 20% above the C.P and T-shirt at 30% above the C.P. Find the sum of marked
price of 4 Denims and 5 T-shirts, if shopkeeper allowed discount of 20% on T-shirt and
25% on Denim and the difference between selling prices of both is Rs. 50.
A. Rs. 11680 B. Rs. 10780 C. Rs. 12680 D. Rs. 11780 E. Rs. 13680

4. A vehicle dealer bought 5 second hand tractors for Rs. 2,00,000. He spent Rs. 2,00,000
additional on the maintenance and repairing of these 5 tractors. He sold one of the
tractors for Rs. 1,50,000. What should be the average selling price of rest of the four
tractors, if he makes 40% profit on the whole transaction?
A. Rs. 120000 B. Rs. 100000 C. Rs. 102500 D. Rs. 125000 E. Rs. 150000

5. Two denims of Levi’s and Mufti, having same marked price have been sold at 15% and
12% discounts, respectively. The cost price of Mufti was Rs. 160 less than the cost
price of Levi’s. The profit earned on Levi’s and Mufti was 6.25% and 20% respectively.
Find the marked price of each denim.
A.Rs. 24000 B. Rs. 4000 C. Rs. 4200 D. Rs. 2040 E. Rs. 2080
6. Ram bought a Swift D’zire car with an exchange offer. The sale price of the car was Rs.
8 lacs. He availed 20% discount from the showroom and then 10% reduction in price
for his old car. He spent 10% of the cost on the interiors and stereo system. After a
month he sold the car to his friend Dev for Rs. 6.4 lacs. Find his profit or loss
percentage into this transaction.
A. 10% B. 1.5% C. 1.01% D. 1.4% E. 11%

7. Cost price and marked price of an article is in ratio 4:5. After allowing a discount of Rs.
100, ratio between marked price and selling price is 10:9. Find the ratio of profit after
discount as a percent of cost price to the profit without discount as a percent of selling
price?
9 7 9 7
A. B. C. D. E. None of these
8 9 16 3

8. The difference between successive discount of 20% followed by 25% and 20%
followed by 30% on the marked price of an article is Rs. 36. Find the marked price of
the article.
A. Rs. 720 B. Rs. 360 C. Rs. 600 D. Rs. 900 E. None of these

9. Mr Anuj, MD of JK enterprises finds out the total revenue of the company is Rs.
999300 and total expenditure of the company is Rs. 666200 and rest is profit. Due to
the establishment of a new plant, the revenue is increased by 19% and the
expenditure is increased by 13%. Find the percentage change in profit.
A. 48% B. 38% C. 12% D. 62% E. None of these

10. Naman bought a product at 30% discount on MRP, and claims to sell it at profit of 20%
on his cost price. When Shubham offered him Rs. 600, he cheated again, by giving him
Rs. 100 instead of Rs. 200. Find overall profit of Naman?
A. 50% B. 40% C. 45% D. 60% E. 38%

Correct Answers:
1 2 3 4 5 6 7 8 9 10
B A D C A C C D E A
Explanations:

1. Selling price of the product = Rs. 3888

10 × 10
Overall discount percentage = 10 + 10 – = 19%
100

3888
Marked price of the product = = Rs. 4800
0.81

4800
Cost price of the article = = Rs. 4000
1.2

4000 – 3888
Reqd. loss % = × 100 = 2.8%
4000

Hence, option B is correct.

2. Marked price = 1490

1st discount = 11.25%
1490 × 11.25
Price after 1st discount = 1490 – = 1322.375
100

2nd discount = D%
1322.375 × D
Price after 2nd discount = 1322.375 – = 1193.44
100

D
⇒ 1322.375 × (1 – 100 ) = 1193.44
D 1193.44
⇒ 1–( 100
=)1322.375
= 0.90249

100 – D
⇒ ( 100
) = 0.90249
⇒ D = 9.75%

Hence, option A is correct.

3. Let cost price of T-shirt Rs. 100x and cost price of Denim Rs. 110x

Marked price of Denim

110x × 120
= Rs. 132x
100

100x × 130
Marked price of T-shirt = = Rs. 130x
100

132x × 75
Selling price of Denim = = Rs. 99x
100

130x × 80
Selling price of T-shirt = = Rs. 104x
100

According to the question,

⇒ 104x – 99x = 50
⇒ 5x = 50
⇒ x = 10
Marked price of 4 Denim and 5 T-shirt = Rs. [(132 × 10) × 4 + (130 + 10) × 5] = Rs. 11780

Hence, option D is correct.

4. Initial cost price of 5 tractors = Rs. 2,00,000

Maintenance and repairing cost of the 5 tractors = Rs. 2,00,000

Final cost price of 5 tractors = 2,00,000 + 2,00,000 = Rs. 4,00,000

Now,
Profit to be made on the whole transaction = 40%

Total selling price of the 5 tractors

⇒ 4,00,000 + 40% of 4,00,000 = Rs. 5,60,000

Selling price of 1 tractor = Rs. 1,50,000

Let the average selling price of the remaining 4 tractors be y.
Thus, 4 × y + 1,50,000 = 5,60,000

5,60,000 – 1,50,000
⇒y= = Rs. 1,02,500
4

Hence, option C is correct.

5. Let the marked price of each denim was Rs. ‘x’

 17x
Then, the S.P. of Levi’s denim = 85% of x = Rs.
20

22x
And, the S.P. of Mufti denim = 88% of x = Rs.
25

17x 100 4x
C.P. of Levi’s denim = × = Rs.
20 106.25 5

22x 100 11x

C.P. of Mufti denim = × = Rs.
25 120 15

According to the question,

4x 11x
⇒ – = 160
5 15

12x – 11x
⇒ = 160
15

x
⇒ = 160
15

⇒ x = 2400
∴ The marked price of each denim = Rs. 2400
Hence, option A is correct.

6. Selling price of the car = Rs. 800000

Price after first discount of 20% = 800000 – 20% of 800000 = Rs. 640000

Price after second discount of 10% = 640000 – 10% of 640000 = Rs. 576000

Now, he spent 10% of cost price on the interiors.

Total cost price = 576000 + 10% of 576000 = Rs.633600

Profit percentage earned by selling it at Rs. 640000

640000 – 633600
⇒ × 100 = 1.01
633600

Hence, option C is correct.

7. Let the cost price and marked price be 400x and 500x

500x = 10
 500x – 100 9

450x = 500x – 100 → x = 2

Cost price = 800

Selling price = 900

Marked price = 1000

900 – 800
Profit after discount as percent of C.P = [ 800
] 100 ..............I

1000 – 800
Profit without discount as a percent of S.P = [ 900
] 100 ..............II
I 9
=
II 16

Hence, option C is correct.

8. Successive discount of 20% and 25% is equal to single discount of 40%

AB
successive discount = – A – B + (100)
Successive discount of 20% and 30% is equal to single discount of 44%

According to the question,

(44 – 40)% of M.P = 36

M.P = 900

Hence, option D is correct.

9.
Revenue 999300 3
= =
Expenditure 666200 2
 revenue – expenditure
Profit ⇒ × 100
Expenditure

3–2
× 100 = 50%
2

Let expenditure = 200

Therefore revenue = 300

Profit = 300 – 200 = 100

{We can assume any value for expenditure as we have to calculate the profit in terms of %, here 200 is
taken to avoid fractions)

300 × 119
New Revenue = = 357
100

200 × 113
New Expenditure = = 226
100

Profit = (357 – 226) = 131

Percentage increase in profit = (131 – 100) / 100 = 31%

Hence, option E is correct.

10. Let the MRP be Rs.100, Cost price = Rs. 70 and Selling Price = Rs. 70(1.2) = Rs. 84

Shubham gave him Rs. 600, he should have returned Rs. 200.
Actual S.P = 600 – 200 = 400

84 unit corresponds to 400

400 100
1 unit will correspond to =
84 21

Profit = 84 – 70 = 14

14 200
14 units corresponds to 100 × =
21 3

He returned Rs. 100 instead of Rs. 200. So, he cheated of Rs. 100.

200 500
Actual profit = + 100 =
3 3

CP = Rs. 70

70 7000
70 will correspond to 100 × =
21 21

500 × 21 × 100
Actual profit % = → 50%
3 × 7000

Hence, option A is correct.