IBPS SO Exam 2017 - Day 3 (Profit/ Loss)

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We have introduced  "the 12 days study plan to crack IBPS SO Exam 2017". This plan is specifically dedicated to Quantitative Aptitude & English Language and cover all types of questions asked in Bank SO exams. This will help you to prepare in a more efficient and systematic way. So, follow this post to keep updated with the plan.


Q1. By selling 88 meters of cloth a man loses the selling price of 22 meters. Find the loss per cent.
(a) 20%
(b) 25%
(c) 30%
(d) 35%
(e) None of these

Q2. A sells a tube to B at a profit of 25% and B sells it to C at profit of 20%. If C pays Rs 450 for it, what did A pay for it?
(a) Rs 240
(b) Rs 247.5
(c) Rs 300
(d) Rs 500
(e) None of these

Q3. By selling a product at 24% discount, a seller incurs a loss of 5%. The marked price of the product is 7500 Rs. At what percent discount the seller should sell the product so as to have a profit of 15%.
(a) 8%
(b) 12%
(c) 10%
(d) 15%
(e) None of these

Q4. Two items A and B are sold at a profit of 10% and 15% respectively. If the amount of profit received is the same, then the cost price A and B may be in ratio ?
(a) 2:3
(b) 3:2
(c) 4:3
(d) 3:4
(e) None of these

Q5. By selling a chair for 300 instead of 400 loss percent is increased by 10%. Find the Cost Price.
(a) Rs 1200
(b) Rs 1000
(c) Rs 2400
(d) Rs 600
(e) None of these

Q6. A shopkeeper sells sugar at a profit of 20 % uses a weight which is 25 % less. Find the total percentage gain.
(a) 45%
(b) 60%
(c) 65%
(d) 48%
(e) None of these

Q7. A shopkeeper purchased an electric heater marked at Rs. 200 at successive discounts of 10% and 15% respectively. He spent Rs. 7 on packaging and sold the electric heater for Rs. 200. Find his gain percent.
(a) No loss or gain
(b) 25
(c) 30
(d) 40
(e) 50

Q8. The cost price of 20 pencils is equal to the selling price of 25 pencils. The loss percent in the transaction is:
(a) 5
(b) 20
(c) 25
(d) 30
(e) 40

Q9. Animesh purchased a horse and a carriage for Rs. 1,800. He sold the horse at a profit of 20% and the carriage at a profit of 30%. His total profit was 255/6%. The cost price of the horse is:
(a) Rs. 1,050
(b) Rs. 1,200
(c) Rs. 750
(d) Rs. 975
(e) Rs. 1,125

Q10. Two musical instruments were purchased for Rs. 8,000. The first was sold at a profit of 40% and second at a loss of 40%. If the sale price was the same in both the cases, then the cost price of the cheaper instrument was:
(a) Rs. 3,600
(b) Rs. 5,600
(c) Rs. 2,400
(d) Rs. 3,800
(e) Rs. 3,500

Q11. A man sells a TV at a profit of 25% of the cost. Had he sold it at a profit of 25% of the selling price, his profit would have increased by 5% of the cost price plus Rs. 100. The cost of the TV is:
(a) Rs. 11,500
(b) Rs. 7,000
(c) Rs. 9,600
(d) Rs. 8,000
(e) Rs. 12,000

Q12. Vishal goes to a shop to buy a radio costing Rs. 2568. The rate of sales tax is 7%. He tells the shopkeeper to reduce the price of the ratio to such an extent that he has to pay Rs. 2568, inclusive sales tax. Find the reduction needed in the price of the radio.
(a) Rs. 179.76
(b) Rs. 170
(c) Rs. 168
(d) Rs. 169
(e) None of these

Q13. A service provider purchases connections at the rate of 10 connections for Rs. 54 and sold them at 6 connections for Rs. 38? Find the number of connections he should sell to have a profit of Rs. 1120.
(a) 1480
(b) 1060
(c) 1240
(d) 1200
(e) None of these

Q14. A shopkeeper gives two successive discounts on an article marked Rs. 450. The first discount given is 10%. If the customer pays Rs. 344.25 for the article, then second discount is
(a) 12%
(b) 11%
(c) 15%
(d) 10%
(e) None of these

Q15. Ram sells out his watch at 20% profit. If the cost price and the sale price each is reduced by Rs. 100, then the gain % increases by 5%. The original value of the watch is
(a) Rs. 600
(b) Rs. 500
(c) Rs. 550
(d) Rs. 650
(e) None of these



ANSWERS :

1. Ans.(a)

Sol.  Initial volume = l × b × h. Increased volume will be equal to 1.1l ×1.2b ×1.3h = 1.716lbh. Therefore percentage increase in volume will be given by the expression ((1.716 -  1)  ×lbh)/lbh×100=71.6%

 

2. Ans.(a)

Sol.  We know C.P – loss = S.P. Hence we get the relation as, C.P of 88m – S.P. of 22m = S.P of 88m. Hence S.P of 110m = C.P of 88m. Therefore ratio of S.P : C.P :: 4 : 5. Therefore there will be loss and given by loss % =(5 - 4)/5×100=20%.

3. Ans a
Sol.  MP = 7500 ==> SP = 7500*0.76 = 5700. Loss of 5% is there ==> CP = 5700/0.95 = 6000 RS 
To have profit of 15% ==> SP should be = 6000*1.15 = 6900. Discount should be 600 Rs 
Discount% should be [600/7500]*100 = 8%

4. Ans b
Sol. '3.2 ' 
Let same profit be Rs 15. 
10% = Rs 15 for item A ⇒ CP of item A = 150 Rs 
15% = Rs 15 for item B ⇒ CP of item B = 100 Rs 
Ratio = 150.100 = 3.2.

5. Ans b
Sol. Let CP be X Rs. 
⇒ [X – 300]*100/X = [X – 400]*100/X + 10 
⇒ 10X = 40000 – 30000 ⇒ X = 1000 Rs

6. Ans b
Sol. Total gain % = {(20+25)/(100-25)}*100 = 60%

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