Most Important Questions of Profit and loss for SBI PO

As we all know SBI PO is here and we are ready with the 80 days plan in which we provide you daily quizzes on new pattern questions with different topics that will help you to go through this exam.
So, here we are with the Most important questions of Profit and Loss.

Q1. A milkman buys two cows for Rs. 750. He sells first cow at a profit of 22% and the second cow at a loss of 8%. What is the SP of second cow if in the whole transaction there is no profit no loss? 
(a) Rs. 312
(b) Rs. 506 
(c) Rs. 484
(d) Rs. 532 
(e) None of these 

Q2. Sum of CP’s of two cows is Rs. 13, 000. Both the cows are sold at a profit of 20% and 40% respectively with their SP’s being the same. What is the difference of CP’s of both the cows?
(a) Rs. 1,000
(b) Rs. 2, 000
(c) Rs. 1, 500
(d) Rs. 2, 500

Q3. A shopkeeper sells his gods at its CP only. But he uses 750 g weight at the place of 1000 g weight for a kg. What is his net profit percentage? 
(a) 25%
(b) 20%
(c) 16.66%
(d) 33.33%
(e) None of these 

Q4. A seller calculated his intended selling price at 6% profit on the cost of a product. However owing to some mistake while selling, the units and tens digits of the selling price got interchanged. This reduced the profit by Rs. 9 and profit percentage to 2.4%. What is the cost price of the product? 
(a) Rs. 240
(b) Rs. 250
(c) Rs. 400  
(d) Rs. 480
(e) None of these 

Q5. Anoop sells a book to Mayank at a profit of 20% and Mayank sells this book to Siddharth at a profit of 25%. Now Siddharth sells this book at a loss of 10% to Shishir. At what percentage loss should Shishir sells this book now so that his SP becomes equal to Anoop’s CP? 
(a) 36.68%
(b) 25.92%
(c) 48.66
(d) Cannot be determined 
(e) None of these 

Q6. There is some profit when an article is sold for Rs. 720. However when the same article is sold for Rs. 420, there is some loss. If the quantum of loss is two times the quantum of profit, find the cost price of the article. 
(a) Rs. 620
(b) Rs. 700 
(c) Rs. 520  
(d) None of these 
(e) Cannot be determined 

Q7. A shopkeeper purchases a packet of 50 pencils at Rs 10 per pencil. He sells a part of the packet at a profit of 30%. On the remaining part, he incurs a loss of 10%.If his overall profit on the whole packet is 10%, the number of pencils he sold at profit is
(a) 25
(b) 30 
(c) 20
(d) 15
(e) None of these

Q8. Two lots of oranges with equal quantity, one costing Rs. 20 per dozen and the other costing Rs. 30 per dozen, are mixed together and the whole lot is sold at Rs. 24 per dozen. Then what is the profit or loss?
(a) 4% profit
(b) 5.6% profit
(c) 4% loss
(d) 5.6% loss
(e) None of these

Q9. A shopkeeper marks up the price of his product by 40%. If he increases the discount from 5% to 10% ,the profit would decrease by Rs 14. How much profit would he earn if he gives a discount of 20% on the marked price?
(a) Rs. 56
(b) Rs. 28
(c) Rs. 32
(d) Rs. 24
(e) None of these

Q10. A group of students prepared stuffed toys as part of their group activity. They spent Rs. 100 on velvet, Rs 5 on thread and needle and Rs. 27 on miscellaneous items. They made 30 toys, 50% of which were purchased by force by some senior students causing them a loss of50%. At what % profit should they sell the remaining toys so as to gain 50% on their total cost?
(a) 100%
(b) 150%
(c) 75%
(d) 50%
(e) None of these

Q11. A shopkeeper marks up his goods by 20% and then gives a discount of 20%. Besides he cheats both his supplier and customer by 100 g, i.e., he takes 1100 g from his supplier and sells only 900 g to his customer. What is his net profit percentage? (Rounded off to two decimal points)
(a) 24.5%
(b) 17.33%
(c) 25%
(d) 32.5%
(e) None of these

Q12. Some mangoes are purchased at the rate of 8 mangoes/Rs and some more mangoes at the rate of 6 mangoes/Rs, investment being equal in both the cases. Now, the whole quantity is sold at the rate of 7 mangoes/Rs What is the net percentage profit/loss?
(a) 0.6% profit
(b) 0.6% loss
(c) 1.2% loss
(d) N0 profit/no loss
(e) None of these

Q13. A man would gain 25% by selling a chair for Rs. 47.5 and would gain 15% by selling a table for Rs. 57.5. He sells the chair for Rs. 36; what is the least price for which he must sell the table to avoid any loss on the two together? 
(a) Rs. 51.2
(b) Rs. 58.5
(c) Rs. 62.5
(d) None of these
(e) Cannot be determined 

Q14. A bookseller marks his books at an advance of 69% on the actual cost of producton He allows a discount of 15% and also given a copy free for every dozen sold a a time. What rate per cent profit does the book seller make, if books are sold in lots of 12? ( upto one decimal point)
(a) 32.6
(b) 47.5
(c) 24.9
(d) None of these
(e) Cannot be determined 

Q15. Amar sold his moped to Bharat at 20% profit and Bharat sold it to Sridhar at 10% profit. Sridhar sold the same to a mechanic and received Rs 2,316. If Amar had sold the same moped to the mechanic and receive the same amount the mechanic paid to Sridhar, what profit percentage would Amar have made?
(a) 52%
(b) 48%
(c) 33.3%
(d) Cannot be determined
(e) None of these 


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