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Profit and Loss - 3 Important Questions for SBI Clerk Exam

As all of you might know that I have started SBI Clerk exam Preparation Series. In this series, I am trying to provide free material to my readers. Today I will discuss three important questions from Profit and Loss chapter. 

Here are three most important questions that are repeated in various bank exams.

Ques 1
Cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:
b) 16
c) 20
d) 25
Solution - This type of questions should be done by using options.

⇒Cost Price of 20 articles = Selling price of x article
(Let cost price of one article = Rs 20)
⇒CP of 20 articles ( 20 * 20 ) = SP of x articles
⇒ If CP of 1 article = Rs 20, Selling price of one article = 20 * 1.25 = 25
⇒ 25x = 400
⇒ x = 16

Ques 2 - If selling price is doubled, the profit triples. Find the profit percent.
a) 66.66%
b) 75%
c) 100%
d) 120%
Solution - Let SP = x, CP = y

⇒2x-y = 3(x-y)
⇒2x-y = 3x-3y
⇒ 2y = x

It proves that SP is double of CP, which means profit percentage is 100%.

Ques 3 - A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
a) 3
b) 4
c) 5
d) 6
Solution - CP per toffee = 1/6 and SP per toffee = 1/6 * 1.2 = 1/5
So answer is 5

In case of any query, comment below.

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  1. Sir. We can also solve the question number 1 . By supposing cp of one article one ruppee.and sp of aone article 20/x

  2. Hello Ramandeep,
    Can you please let me know how to save SBI Clerk Application Form for reprint in future if required? There is no such Save As option which we use to get in IBPS applications.
    Thanks in advance.


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