Quant Quiz (Profit and Loss) For IBPS/RBI Exam

Dear Readers,

We have started the 56 days Study Plan for IBPS PO Prelims. This study plan is to efficiently utilise time and hard work to channelise it towards smart work. From now quizzes on Bankersadda will be according to the given study plan and this will help you prepare important topics in limited time. 
Today is DAY 8 of the study plan and in Quantitative Aptitude today’s chapter is Profit and Loss

Q1. A milkman buys some milk contained in 10 vessels of equal size. If he sells his milk at Rs 5 a litre, he loses Rs 200; while selling it at Rs6 a litre, he would gain Rs150 on the whole. Find the number of litres contained in each vessel.
(a) 30 
(b) 35 
(c) 40
(d) 45 
(e) 50

Q2. A watch passes through three hands and each gains 25%. If the third sells it for Rs250, what did the first pay for it?
(a) 128 
(b) 130 
(c) 145
(d) 150 
(e) 180

Q3. If by selling an article for Rs 60, a person loses 1/7 of outlay (cost), what would he have gained or lost per cent by selling it for Rs77?
(a) 5% 
(b) 10% 
(c) 11%
(d) 15% 
(e) 25%

Q4. I sold a book at a profit of 7%. Had I sold it for Rs 7.50 more, 22% would have been gained. Find the cost price.
(a) 25 
(b) 30 
(c) 50
(d) 55
(e) 60

Q5. A reduction of 40 per cent in the price of bananas would enable a man to obtain 64 more for Rs40. What is the reduced price per dozen?
(a) 3 
(b) 6 
(c) 5
(d) 4 
(e) 8

Q6. A man purchased an article at 3/4 th of the list price and sold at half more than the list price. What was his gain per cent?
(a) 25% 
(b) 50% 
(c) 75%
(d) 100% 
(e) 150%

Q7. I lose 9 per cent selling pencils at the rate of 15 a rupee. How many for a rupee must I sell them to gain 5 per cent?
(a) 10 
(b) 13 
(c) 15
(d) 18 
(e) 20

Q8. Goods are sold so that when 4 per cent is taken off the list price, a profit of 20% is made. How much per cent is the list price more than the cost price?
(a) 25% 
(b) 50% 
(c) 75%
(d) 100% 
(e) 150%

Q9. A man sells an article at 5% profit. If he had bought it at 5% less and sold it for Re 1 less, he would have gained 10%. Find the cost price.
(a) 100 
(b) 150 
(c) 200
(d) 250 
(e) 300

Q10. A profit of 20% is made on goods when a discount of 10% is given on the marked price. What profit per cent will be made when a discount of 20% is given on the marked price?
(a) 62/3%
(b) 7 2/3%
(c) 3 1/4%
(d) 7 4/5%
(e) 9 1/4%

Q11. A dealer sells a table for 400, making a profit of 25%. He sells another table at a loss of 10%, and on the whole he makes neither profit nor loss. What did the second table cost him?
(a) 700 
(b) 800 
(c) 900
(d) 950 
(e) 1000

Q12. Each of the two horses is sold for Rs720. The first one is sold at 25% profit and the other one at 25% loss. What is the % loss or gain in this deal?
(a) 7.25% 
(b) 6.25% 
(c) 8.5%
(d) 9.25% 
(e) 10.25%

Q13. Each of the two cars is sold at the same price. A profit of 10% is made on the first and a loss of 7% is made on the second. What is the combined loss or gain?
(a) 150/203 %
(b) 160/203 %
(c) 180/203%
(d) 170/203 %
(e) None of these

Q14. Profit earned by an organisation is distributed among officers and clerks in the ratio of 5 : 3. If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is Rs25,000, what was the total amount of profit earned?
(a) Rs22 lakh 
(b) Rs 18.25 lakh
(c) Rs18 lakh 
(d) Rs23.25 lakh
(e) None of these

Q15. A shopkeeper labelled the price of his articles so as to earn a profit of 30% on the cost price. He, then sold the articles by offering a discount of 10% on the labelled price. What is the actual per cent profit earned in the deal?
(a) 18% 
(b) 15%
(c) 20% 
(d) Cannot be determined
(e) None of these

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