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    Profit N Loss Quiz 12

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    Profit N Loss Quiz 12

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    Profit N Loss Quiz 12

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    WORKSHEET 12

    Profit and Loss Questions for Bank Clerk Pre Exams.


    Profit and Loss Quiz 12 PROFIT AND LOSS
    Directions: Kindly study the following Questions carefully and choose the right answer:
    1. Anil makes a profit of 18% on cost price by selling a washing machine for Rs. 5900. If the
    cost price of the machine is increased by 5% and he wants to earn the same profit, What will
    be the new profit percent on selling price?
    A. 14.63% B. 12.25% C. 15.96% D. 17.14% E. None of these

    2. Hemant had 1 bicycle and 1 car. He sold the bicycle at a profit of 15% and the car at a loss
    of 8% and earned a profit of Rs 1150 in total. If he had sold the bicycle for Rs 54000 he would
    have earned a profit of 20%, find the sum of the selling price of both the items.
    A. Rs 110600 B. Rs 110680 C. Rs 125960 D. Rs 115690 E. None of these

    3. After selling a suit for Rs. 1680 a shopkeeper suffers a loss of 16%. If he wants to earn
    15% profit after giving the discount of 8%, what will be the marked price?

    A. Rs. 2500 B. Rs. 2000 C. Rs. 1500 D. Rs. 2600 E. None of these

    4. A Shopkeeper sells 2 things – bed set and sofa set , both at the same price of Rs 34569. In
    doing so he manages to gain 10% on bed set while he incurred a loss of 10% in selling sofa
    set. Then the net percentage profit or loss in whole transaction is?

    A. 11% Profit B. 11% loss C. 1% Profit D. 1% loss E. None of these

    5. The difference between a discount of 25% and two successive discounts of 10% and 20%
    on a certain bill was Rs. 90. Find the amount of the bill.
    A. Rs. 1500 B. Rs. 300 C. Rs. 3000 D. Data inadequate E. None of these

    6. The marked price of a blanket is Rs. 800 that is 25% more than the cost price. After giving
    some discounts a shopkeeper earns 12.5% profit. If the ratio of the cost price of blanket to
    the cost price of bed sheet 4 : 3 and the shopkeeper wants to earn 12.5% profit on bed sheet
    after given the same discount that he given on the blanket, find the marked price of bed
    sheet.

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    A. Rs. 810 B. Rs. 640 C. Rs. 600 D. Rs. 990 E. None of these

    7. The cost price of 2 jackets and 3 jeans is Rs 3800 and the cost price of 3 jackets and 2 jeans
    is Rs 3700. If a shopkeeper earns 14% profit on a jacket and 10% profit on a jeans, find the
    ratio of the selling prices of the jacket to that of jeans.
    A. 305 : 396 B. 200 : 261 C. 298 : 325 D. 315 : 426 E. None of these

    8. A shopkeeper marks the marked price 25% more than the cost price that is Rs. 1500. After
    giving two successive discounts of 12% and x% he losses Rs. 15. Find the value of x.

    A. 12% B. 9% C. 10% D. 15% E. 6%

    9. A shopkeeper purchased 50 dozen bottles for Rs.3000. Out of these, 60 bottles were
    broken and could not be sold. At what rate per dozen should he sell the remaining bottles to
    make a profit of 20%?

    A. Rs. 60 B. Rs. 75 C. Rs. 80 D. Rs. 90 E. None of these

    10. Kohli puchased a batting kit for Rs. 54000. He sold it at a loss of 8 per cent. With this
    money he again purchased another batting kit and sold it at a profit of 10 per cent. What is
    his overall loss/profit?

    A. Loss Rs. 657 B. Profit Rs. 567 C. Loss Rs. 648 D. Profit Rs. 648 E. None of these

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    Correct Answers:

    1 2 3 4 5 6 7 8 9 10
    A E A D C C E C C D

    Explanations:
    ROUGH SPACE
    1. Cost price of the washing machine
    5900
    = × 100 = Rs. 5000
    118
    Profit = 5900 – 5000 = Rs. 900
    New cost price = 5000 × 105% = Rs. 5250
    New selling price = 5250 + 900 = Rs. 6150
    900
    Profit % = × 100 = 14.63%
    6150

    Hence, option A is correct.

    2.
    54000
    Cost price of the bicycle = = Rs 45000
    120%

    According to the question,


    Let the cost price of car = Rs x
    45000 × 15% – x × 8% = 1150
    6750 – 1150 = x × 8%
    5600 = x × 8%
    x = 70000
    Selling price of the bicycle = 45000 × 115% = Rs. 51750
    Selling price of the car = 70000 × 92% = Rs. 64400
    Sum = 51750 + 64400 = Rs. 116150
    Hence, option E is correct.

    3.
    1680
    Cost Price = × 100 = Rs.2000.
    84

    115%
    Marked price = 2000 × = Rs.2500.
    92%
    Hence, option A is correct.

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