Profit and Loss is the fundamental concept in banking exams like IBPS PO, SBI Clerk, SBI PO, RBI Assistant IBPS RRB PO and others. This topic is crucial as it tests the candidate’s ability to handle financial transactions and assess financial health, which are essential skills in banking. Some Basic formulas:
Profit = SP – CP; Loss= CP – SP
Importance of Profit and Loss in Competitive Exams
- Profit and Loss is a high-scoring topic in the Quantitative Aptitude section of bank and competitive exams.
- It is frequently asked in exams like Bank PO, Clerk, SSC, Railways, and Insurance.
- Helps in building a strong foundation of arithmetic and percentage concepts.
- Questions are often based on real-life scenarios like buying, selling, discount, and marking price.
- Improves calculation speed and accuracy, which is crucial in time-bound exams.
- Covers multiple question types such as percentage profit/loss, discount, and successive transactions.
- Regular practice helps in reducing calculation mistakes during exams.
- Boosts overall performance in the Quantitative Aptitude section.
- Also useful in developing financial understanding and analytical thinking skills.
Profit and Loss Questions for Bank Exams
(1-15) Quant – daily Practice Paper (English) IBPS Clerk Powerpack Batch (28 July)
Q1. Cost price of an article is Rs.100 and discount given on the article is Rs.4 more than the profit earned on it. If ratio of selling price to marked price of the article is 41 : 50 then find the discount offered?
(a) Rs. 31.5
(b) Rs. 30
(c) Rs. 36
(d) Rs. 25
(e) Rs. 27
Q2. Vijay sold article A at 20% profit and article B at 14 2/7% loss. If Cost Price of article A is equal to selling Price of article B, then find out overall profit or loss percentage?
(a) 1 5/13 %
(b) 2 3/13 %
(c) 2 7/13 %
(d)1 7/13%
(e)3%
Q3. Ratio of cost price to that of marked price is 3: 5 and ratio of loss to that of discount is 1:4 then find the discount % given?
(a)48 1/3%
(b)53 1/3%
(c) 58 1/3%
(d)63 1/3%
(e) 60%
Q4. Marked price of a bat is Rs 350.A shopkeeper gives a discount of Rs x and makes a profit of 12 1/2% (12.5%). If manufacturing cost of bat is Rs 280, then find the discount percent given by shopkeeper on bat?
(a) 10%
(b)6%
(c)4%
(d)3%
(e)5%
Q5. A shopkeeper after allowing two successive discounts of 20% and 16 2/3% on the marked price, earns a profit of 25% on selling the book. Find the ratio of cost price to the marked price of a book?
(a) 4 : 9
(b) 2 : 5
(c) 3 : 5
(d) 6 : 11
(e) 8 : 15
Q6. Cost price of an article is Rs. _______ . If article is sold at 40% discount, then a loss of 10% occurs but when it sold at 20% discount, then there is a profit of Rs.15.
(a) 75
(b) 37.5
(c) 62.5
(d) 150
(e) 50
Q7. Rahul bought an earphone & paid 10% less than its original price. If he sold it at 20% profit on the price he had bought, what profit percentage did Rahul earn on the original price?
(a) 10%
(b) 6%
(c) 5%
(d) 8%
(e) 12%
Q8. A shopkeeper marked his article 60% above the cost price and ratio of discount allowed to profit earned is 4 : 1. If profit earned is Rs.180 less than discount allowed, then find ratio of selling price to marked price of the article.
(a) 3 : 5
(b) 6 : 7
(c) 4 : 7
(d) 7 : 10
(e) None of the above
Q9. A man purchases 100 kg of sugar worth of Rs. 2770 and he sold it in such a way that after selling the whole quantity, the total amount of loss is 37.5 % more than the amount obtained by selling 28 kg of sugar. Find the selling price of sugar. (in per kg)
(a) 15 Rs.
(b) 18 Rs.
(c) 24 Rs.
(d) 16 Rs.
(e) 20 Rs.
Q10. A person marks his goods 40% above the cost price. He sold half of his goods at a discount of 20%, one-fourth of the goods at marked price and the remaining at cost price. Find profit percentage.
(a) 16%
(b) 24%
(c) 12%
(d) 32%
(e) 26%
Q11. Akash bought a bike for Rs. 50000. He sold it to Arun at a loss of 6%, Arun sold it to Mukesh at a profit of 11%, Find out the price paid by Mukesh for the Bike?
(a) 52350 Rs.
(b) 52170 Rs.
(c) 53000 Rs.
(d) 53500 Rs.
(e) 52400 Rs.
Q12. Ratio of cost price to marked price of an article is 8:11 and shopkeeper allowed 20% discount on marked price. If shopkeeper earned profit of Rs.40 on selling the article, then find amount of discount allowed on the article. (in Rs.)
(a) Rs.120
(b) Rs.110
(c) Rs.105
(d) Rs.125
(e) Rs.115
Q13. A man sells a chair at Rs.960 and earns a profit of 20%. If the man wants to sell it at a profit of 40%, then at what price he should sell the chair?
(a) 1120 Rs.
(b) 1020 Rs.
(c) 1280 Rs.
(d) 1200 Rs.
(e) None of these
Q14. Ram bought 54 bananas for Rs. 220, and he sold these bananas for Rs. 50 per dozen, find out his total profit? (in Rs.)
(a) 5 Rs
(b) 10 Rs
(c) 15 Rs
(d) 8 Rs
(e) 14 Rs
Q15. Cost price of 20 pencils is equal to selling price of 10 balls. If shopkeeper earned 25% profit on selling a ball, then find ratio of cost price of a ball to that of a pencil respectively?
(a) 3:2
(b) 5:3
(c) 8:5
(d) 6:5
(e) 2:1
Q16. Cost price of an article is Rs. 250. If mark price of the article is 40% above cost price and a discount of 10% is given at the time of selling, then find the selling price of article.
SBI CLERK PRE MEMORY BASED 2018
(a) Rs.312
(b) Rs.315
(c) Rs.285
(d) Rs.276
(e) None of these
Q17. Find the total profit on selling 18 articles whose cost price is 25% less than the mark price and a 15% discount is given on each article while selling price of each article is 34.
RRB PO PRE MEMORY BASED 2018
(a) 90
(b) 72
(c) 54
(d) 108
(e) 81
Q18. A shopkeeper marked the price of an article by 40% above cost price and gave discount of Rs. 224. On the final amount, he charged 10% tax. In the whole transaction, he earned Rs. 158.6. Find cost price of the article.
IBPS PO PRE MEMORY BASED 2019
(a) Rs 750
(b) Rs 760
(c) Rs 744
(d) Rs 757
(e) Rs 748
Q19. The total cost of x pens and (x-2) pencils is Rs 424. If one pencil and one pen costs Rs 4 and Rs 20 respectively then find x?
RRB Clerk PRE MEMORY BASED 2019
(a) 16
(b) 18
(c) 15
(d) 20
(e) 21
Q20. If a shopkeeper marks an item 50% above its CP and if 12% discount is given on the marked price and the shopkeeper makes profit of 256 Rs, then what will be the actual cost price of the item?
RRB PO PRE MEMORY BASED 2019
(a) 1000 Rs.
(b) 800 Rs.
(c) 750 Rs.
(d) 1200 Rs.
(e) 900 Rs.
Q21. A person purchased two articles at the same price and on selling the first article he makes a profit of 12%. Selling price of second article is Rs 90 more than the selling price of the first article. Find the cost price of one article if his overall profit percent is 15%?
SBI PO PRE MEMORY BASED 2019
(a) Rs 180
(b) Rs 1500
(c) Rs 2000
(d) Rs 2400
(e) None of these
Q22. A shopkeeper marked up a shirt 50% above the cost price and allows successive discounts of 111/9% and 10% on it. If the difference between profit earned and discount given is Rs. 200 then find the marked price of the shirt?
IBPS CLERK PRE MEMORY BASED 2020
(a) Rs. 2100
(b) Rs. 3000
(c) Rs. 2400
(d) Rs. 3600
(e) Rs. 3300
Q23. A shopkeeper marks up price of LED 60% above its cost price and gives three successive discounts of 12 1/2 % (12.5%), d% and 25%. If shopkeeper made a loss 16% on LED. Find the second discount allowed by shop?
IBPS PO PRE MEMORY BASED 2020
(a) 15%
(b) 20%
(c) 25%
(d) 16 ⅔%
(e) 17.5%
Q24. An article is sold at 13% discount and made a gain of 30.5%. If it is sold at 30% discount, then find gain/loss percentage.
NABARD GRADE A MEMORY BASED 2020
(a) loss 5%
(b) gain 5%
(c) gain 15%
(d) loss 10%
(e) None of these
Q25. An article was marked up by 50% above cost price and allowed Rs 50 discount on marked price. If shopkeeper still made a profit of Rs. 50, then find the selling price of the article (in Rs.)
RBI ASSIT PRE MEMORY BASED 2020
(a)350 Rs.
(b) 300 Rs.
(c) 250 Rs.
(d) 200 Rs.
(e) 150 Rs.
Q26. Selling price of an article becomes Rs.2160 after giving two successive discounts of x% and 25% and marked price of article is Rs.3600. Find the cost price of article if there is a profit of x% on selling the article after giving two successive discounts.
RRB PO PRE MEMORY BASED 2020
(a) Rs. 1720
(b) Rs.1500
(c) Rs.1600
(d) Rs.1800
(e) Rs.1900
Q27. A person sold a book at 20% profit. If he had bought it at 10% less cost and sold for Rs 90 more then he would have gained 40% profit. Find cost price of book.
SBI CLERK PRE MEMORY BASED 2020
(a) Rs 800
(b) Rs 1600
(c) Rs 1500
(d) None of these
(e) Rs 1200
Q28. A shopkeeper marked the price of jeans 25% above the cost price and allowed two successive discounts of 10% and 5% respectively. If shopkeeper made a profit of Rs. 89.1, then find at what price shopkeeper sold the jeans to make a profit of 40%?
SBI PO PRE MEMORY BASED 2020
(a) 1844.4 Rs.
(b) 1814.4 Rs.
(c) 1860.4 Rs.
(d) 1890.4 Rs.
(e) 1880.4 Rs.
Q29. Shopkeeper sold an article after allowing two successive discounts of 15% and 20% on it. If shopkeeper earned 2% profit on selling the article and total discount allowed by him is Rs. 192, then find cost price of the article?
IBPS CLERK PRE MEMORY BASED 2021
(a) Rs.500
(b) Rs.400
(c) Rs.300
(d) Rs.600
(e) Rs.250
Q30. A shopkeeper sold a table at 20% profit and a chair at profit of 25%. If the cost price of the chair is equal to the selling price of table and shopkeeper earned an overall profit of Rs. 400, then find the sum of selling price of both the articles together?
IBPS PO PRE MEMORY BASED 2021
(a) 2160 Rs.
(b) 1760 Rs.
(c) 1960 Rs.
(d) 2260 Rs.
(e) 2460 Rs.
Q31. A man sells a chair at Rs.960 and earns a profit of 20%. If the man wants to sell it at a profit of 40%, then at what price he should sell the chair?
RRB clerk pre (2020)
(a) 1120 Rs.
(b) 1020 Rs.
(c) 1280 Rs.
(d) 1200 Rs.
(e) None of these
Q32. A shopkeeper marked up an article 35% above its cost price and earned profit of Rs 96 after giving 20% discount on the marked price. If he sells article at 15% discount, then find the profit (in Rs.) earned by the shopkeeper.
NIACL AO MEMORY BASED 2021
(a) 118
(b) 177
(c) 136
(d) 144
(e) 154
Q33. A man sold a table at 33% profit after allowing a discount of 5% on it. Had he sold the table at marked price, then he would have earned Rs.420 more profit. Find cost price of table (in Rs.)?
RRB PO PRE MEMORY BASED 2021
(a) 6000
(b) 7200
(c) 6600
(d) 7800
(e) 8400
Q34. A pen was marked up by 50% above cost price and allowed Rs 100 discount on marked price. If shopkeeper still made a profit of Rs. 100, then find the selling price of the pen (in Rs.)?
IBPS CLERK PRE (2020)
(a) 450 Rs.
(b) 600 Rs.
(c) 500 Rs.
(d) 400 Rs.
(e) 350 Rs.
Q35. A shopkeeper marked up of article A at 60% above its cost price and sold it at the discount of 25%. Profit made by shopkeeper on article A is Rs.475. If the cost price of article B is 40% more than that of article A and profit on both articles is same, then find the selling price of article B?
SBI PO PRE MEMORY BASED 2021
(a) Rs.3300
(b) Rs.3600
(c) Rs.3000
(d) Rs.3800
(e) Rs.4200
Q36. A sold an article to B at 20% profit and B further sold it to C at 20% loss. C then sold it to D at 25% profit. If difference of cost price of article for A & C is Rs.17, then find the amount at which C sold the article to D.
IBPS Clerk Mains (2019)
(a) Rs.510
(b) Rs.720
(c) Rs.810
(d) Rs.640
(e) Rs.450
Q37. A watch dealer usually sells watches for Rs.2350 per watch. Once he gave two successive discounts of 15% and 25% while selling a watch to a customer. But he charged an additional 8% on the net sale price from the customer. By what percent is the new selling price less than the original selling price.
IBPS Clerk Mains (2019)
(a) 28.45%
(b) 29.25%
(c) 30.45%
(d) 31.15%
(e) 24.25%
Q38. A shopkeeper while purchasing sugar from the wholesaler, manages to receive 25% more sugar than the quantity for which he pays. While selling sugar to the customers he sold less than the quantity for which the customers pay. If he claims to sell sugar at the cost price, then find his net profit percentage.
IBPS Clerk Mains (2019)
(a) 150%
(b) None of these
(c) 60%
(d) 37.5%
(e) 47.5%
Q39. The ratio between cost price of jeans & shirt is 6 : 5 and jeans & shirt marked up 25% and 50% above its cost price respectively. If difference between discount allowed on jeans and shirt is 40% and difference between selling price of jeans & shirt is Rs. 480, then find the cost price of jeans?
IBPS Clerk Mains (2019)
(a) Rs. 720
(b) Rs. 1920
(c) Rs. 480
(d) Rs. 960
(e) Rs. 640
Q40. Veer has two articles of the same cost price. He has sold both articles to Ayush at Rs 320 each. Ratio of profit % on first article (calculated on CP) to profit % on second article (calculated on SP) is 8: 5. Ayush sold the first article at Rs Z and earns a profit which is 20% less than profit earned by Veer on first article?
IBPS Clerk Mains (2019)
(a) Rs 408
(b) Rs 436
(c) Rs 424
(d) Rs 416
(e) Rs 420
Q41. The ratio of the marked price to the cost price of the article is 7: 5. If the discount percent given is increased from 7.5% to 20%, the profit decrease by Rs 1750. Find the profit when successive discounts of 12% and 15% are given? (In Rs)
IBPS Clerk Mains (2019)
(a) 462
(b) 482
(c) 492
(d) 472
(e) 452
Q42. A shopkeeper allows two consecutive discounts, 20% and 25% on marked price of an article and still he makes a profit of 32% by selling it. He would make Rs.1166 less profit when he allows a single discount of X% on same article. What will come in the place of X if selling price of article which is sold at X% discount is Rs.12826?
IBPS Clerk Mains (2019)
(a) 40
(b) 45
(c) 42
(d) 48
(e) 50
Q43. Profit earned on selling an article after giving 10% discount is 15% more than the profit earned when same article is sold at 20% discount. A loss of 15% was incurred on marked price by selling the article at Rs.2550. What should be the marked price such that even after giving 30% discount a profit of 40% can be earned?
IBPS Clerk Mains (2019)
(a) Rs 2600
(b) Rs 2400
(c) Rs 3000
(d) Rs 2800
(e) Rs 4000
Q44. Marked price of an article is 25% more than its selling price and ratio of cost price and selling price of the article is 5 : 6 respectively. If discount percentage is double up, then a loss of 240 Rs. occur. Find the markup price of article?
IBPS Clerk Mains (2020)
(a) 3000 Rs.
(b) 3600 Rs.
(c) 4200 Rs.
(d) 4500 Rs.
(e) 3200 Rs.
Q45. The ratio of cost price of two articles A & B is 2 : 3 and article A sold at 11 of profit, while article B sold at profit of Rs. 120. If ratio of selling price of A & B is 2 : 3, then find difference between cost price of A & B?
SBI Clerk Mains (2019)
(a) 120 Rs.
(b) 240 Rs.
(c) 360 Rs.
(d) 480 Rs.
(e) None of these
Q46. An article is sold at 30% profit. Had it been sold at Rs. 155 more than previous selling price and the cost price were also increased by Rs. 100 then profit percent would have been 5% more. Find cost price of the article.
SBI Clerk Mains (2019)
(a) Rs. 500
(b) Rs. 400
(c) Rs. 460
(d) Rs. 480
(e) none of these
Q47. Marked price of two articles A and B are in the ratio of 7 : 9, at the time of selling shopkeeper gives discount of d% on article A and (d + 5)% on article B and made a profit of 25% on each article, if cost price of article A and B are in ratio 112 : 135. Then find percent of discount given by shopkeeper on both articles?
SBI Clerk Mains (2019)
(a) 12.5%, 17.5%
(b) 25%, 30%
(c) 10%, 15%
(d) 15 %, 20%
(e) 20%, 25%
Q48. The marked price of two articles A and B is in the ratio of 3:4. Shopkeeper sold article A and article B at the discount of x % and (x+8)% respectively. Shopkeeper made a profit of 20% on selling article B and found that its cost price is equal to selling price of article A. Find the marked of article B when article A is sold for Rs 972 at two successive discounts of and 2x%?
SBI Clerk Mains (2019)
(a) Rs 1800
(b) Rs 2000
(c) None of the above
(d) Rs 1600
(e) Rs 2800
Q49. A trader sells soaps in economy packs of four soaps per pack, each pack being charged at the listed price of three soaps. For every set of five such packs bought by a customer, the trader gives him one extra soap as a free gift. If a customer buys 12 economy packs, what is the effective percentage of discount that he gets.
SBI PO MAINS (2019)
(a) 28%
(b) 28 4/7%
(c) 4%
(d) 35 5/7%
(e) None of these
Q50. Marked price of an article is 40% above its cost price and when shopkeeper allows ‘d’% discount then shopkeeper make a profit of ________% and when shopkeeper allows ‘2d’% discount then he make a profit of ________%. Which of the following options possible to fill both respective blanks?
(A) (22.5, 5)
(B) (33, 26)
(C) (19, 2)
(D) (26, 12)
(E) (23.2, 6.4)
SBI PO MAINS (2019)
(a) Only option A, B, C possible
(b) Only option B, D & E possible
(c) Only option A, B, D & E possible
(d) All of above options are possible
(e) Only B, C, D & E possible
| Solutions |
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| (e) |
(d) |
(b) |
(a) |
(e) |
(a) |
(d) |
(d) |
(e) |
(a) |
| 11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
20 |
| (b) |
(b) |
(a) |
(a) |
(c) |
(b) |
(b) |
(a) |
(b) |
(b) |
| 21 |
22 |
23 |
24 |
25 |
26 |
27 |
28 |
29 |
30 |
| (b) |
(b) |
(b) |
(b) |
(c) |
(d) |
(c) |
(b) |
(b) |
(a) |
| 31 |
32 |
33 |
34 |
35 |
36 |
37 |
38 |
39 |
40 |
| (a) |
(b) |
(a) |
(c) |
(d) |
(a) |
(d) |
(b) |
(d) |
(d) |
| 41 |
42 |
43 |
44 |
45 |
46 |
47 |
48 |
49 |
50 |
| (d) |
(b) |
(e) |
(b) |
(c) |
(b) |
(e) |
(c) |
(a) |
(c) |
