Profit and Loss Questions for SBI Clerk Exam: 2nd May 2018

Dear Students,

Numerical Ability for SBI Clerk Exam 2018
Numerical Ability for SBI Clerk Prelims 2018

Today is the Day 11 of the SBI Clerk 60 Days Study Plan and the topic for Today's Numerical Ability Practice Questions is Profit and LossNumerical Ability Section has given heebie-jeebies to the aspirants when they appear for a banking examination. As the level of every other section is only getting complex and convoluted, there is no doubt that this section, too, makes your blood run cold. The questions asked in this section are calculative and very time-consuming. But once dealt with proper strategy, speed, and accuracy, this section can get you the maximum marks in the examination. Following is the Numerical Ability quiz to help you practice with the best of latest pattern questions.

Q1. By selling an article for Rs. 69 there is a loss of 8%, when the article is sold for Rs. 78, the gain or loss per cent is: 
(a) neither loss nor gain
(b) 4% gain
(c) 4% loss
(d) 40% gain
(e) 40% loss

Q2. By selling an article for Rs. 240, a man incurs a loss of 10%. At what price should he sell it, so that he makes a profit of 20%?
(a) Rs. 264
(b) Rs. 288
(c) Rs. 300
(d) Rs. 320
(e) Rs. 420

Q3. The difference between the selling price and cost price of an article is Rs. 210. If the profit percent is 25, then the selling price of the article is: 
(a) Rs. 950
(b) Rs. 1050
(c) Rs. 1150
(d) Rs. 1250
(e) Rs. 1500

Q4. Richa purchased an article at 4/5 of its list price and sold it at 20% more than the list price. Richa’s profit percent was 
(a) 50%
(b) 40%
(c) 30%
(d) 25%
(e) 35%

Q5. X sells two articles for Rs. 4,000 each with no loss and no gain in the transaction. If one was sold at a gain of 25% the other is sold at a loss of 
(a) 25%
(b) 18%
(c) 16.66%
(d) 20%
(e) 22.22%

Solutions (1-5):

Q6. A house and a shop were sold for Rs. 1 lakh each. In this transaction, the house sale resulted into 20% loss whereas the shop sale resulted into 20% profit. The entire transaction resulted in to: 
(a) no loss no gain
(b) gain of Rs. 1/24 lakh
(c) loss of Rs. 1/12 lakh
(d) loss of Rs. 1/18 lakh
(e) None of these

Q7. After selling 120 articles one person had a profit of selling price of 20 articles and cost price of 10 articles together. Find percentage profit for this person. 
(a) 25%
(b) 20%
(c) 40%
(d) 30%
(e) 45%

Q8. The cost price of 19 article is same as selling price of 29 article. What is the loss percentage? 
(a) 35%
(b) 34.48%
(c) 52.63%
(d) 40%
(e) 26.66%

Q9. If the manufacturer gains 10%, the whole-sale dealer 15% and the retailer 25%, then the cost of production of a table (in Rs.), the retail price of which is Rs. 1265, is 
(a) Rs. 1400
(b) Rs. 800
(c) Rs. 1000
(d) Rs. 1200
(e) Rs. 900

Q10. A machine is sold at a profit of 10%. Had it been sold for Rs. 80 less, there would have been a loss of 10%. The cost price of the machine is: 
(a) Rs. 350
(b) Rs. 450
(c) Rs. 400
(d) Rs. 520
(e) Rs. 540

Solutions (6-10):

Q11. Nikita bought 30 kg of wheat at the rate of Rs. 9.50 per kg and 40 kg of wheat at the rate of Rs. 8.50 per kg and mixed them. She sold the mixture at the rate of Rs. 8.90 per kg. Her total profit or loss in the transaction was: 
(a) Rs. 2 loss
(b) Rs. 5 profit
(c) Rs. 7 loss
(d) Rs. 7 profit
(e) Rs. 9 loss

Q12. A milkman bought 70 litres of milk for Rs. 630 and added 5 litres of water. If he sells it at Rs. 9 per litre, his profit percentage is: 
(a) 41/5%
(b) 7%
(c) 42/5%
(d) 50/7%
(e) 9%

Q13. A trader marks-up his goods by 60% and gives discount of 25%. Besides it he weighs 20% less amount while selling his goods. What is the net profit of trader?
(a) 50%
(b) 35%
(c) 45%
(d) 55%
(e) 60%

Q14. The marked price of a watch is Rs. 1600. The shopkeeper give successive discounts of 10% and x% to the customer. If the customer pays Rs. 1224 for the watch, the value of x is: 
(a) 5
(b) 10
(c) 15
(d) 20
(e) 30

 Q15. The marked price of an electric iron is Rs. 690. The shopkeeper allows a discount of 10% and gains 8%. If no discount is allowed, his gain per cent would be 
(a) 20%
(b) 24%
(c) 25%
(d) 28%
(e) 36%

Solutions (11-15):

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