Profit and Loss Quiz - SBI PO Preliminary Series

Today I have started SBI PO Preliminary preparation series for Quantitative section. Check the series here.

In this series I am sharing practice questions for profit and loss chapter.

#1

A girl enters a shop to buy pen,pencils and copy.She has to buy at least 9 units of each.She buys more pencils than pen and more copy than pencils.She picks up a total of 30 items.How many pencils does she buy?


#2

The cost of four chairs and two tables is Rs. 2500.Cost of one chair is Rs. 500 less than cost of one table.What is the cost of three tables and one chairs.


#3

A vendor sells two dozen banana which he buys at Rs. 16 per dozen.he sells 18 banana at Rs. 16 per dozen and the remaining at Rs. 8 per dozen.Find his loss or Profit Percentage?


#4

A vendor buy a car at Rs. 40000 which he repairs with additional cost of Rs.5000 and again sells it to another person at 20% profit.Find it's Selling Price?


#5

A buys cycle at Rs. 1200 and sell it to B at 10% profit and B sells it to C on 10% profit.Find the Selling Price on which B sells it to C?


#6

A vendor buy at certain price .and sells it  on Rs.20 by getting 1/4 profit percentage .Find Cost Price?
Ans: CP=100/100+25*20=>16

#7

If the cost of 4 pen and 3 pencil is Rs. 31 what will be the cost of  5 pen and 6 pencil?


#8

A vendor sells its furniture at Rs. 2460 with excluding tax Rs.540 and having a loss of Rs. 300 Find CP?


#9

On buying a machine at Rs. 14500 with additional charges Rs.500. The seller get profit 20%.Find the Seller's Cost Price?

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54 comments:

  1. Sir , I guess perhaps solution to qn 1 and 2 are wrong


    qn1 : if she buys 10 pencils , then the number of pens = 9 and number of copies = 10 , which means number of pencils = number of copies.. but acc to qn, no. of copies must be greater than no. of pencils...

    qn 2 : 4c + 2(500+c) = 2500 => 4c + 1000 + 2c = 2500 => 6c = 1500 => c = 250 and hence t = 750.
    thus , 3t + 1c = 3(750) + 250 = 2250+250 = 2500

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  2. q.2 ans is wrong

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  3. Please correct ques.1&2 both.

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  4. u r ryt Prateek...pencils nd copy will be equal in ths case.if dere r only 29 items

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  5. also.. in qn 10 : the CP n Loss can be any value.. coz if CP = Rs 200 ., then SP = 160 and Loss = 40 and in the qn , there is no relationship between CP and loss is mentioned.., it can be interpreted dat if CP is any value , then SP = (4/5) of CP and Loss = (1/4) of SP.. SO , CP can take any value which imples loss can also be of any value

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  6. Q3 also 25% loss

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  7. no.. qn 3 is correct.. coz if he buys 1 dozen at Rs 16 ,

    CP of 2 dozens = Rs 32


    he sells 18 bananas at Rs 16/dozn

    18 bananas = 12 + 6 bananas i.e 1.5 dozen


    SP of 1.5 dozn = 16 + 8 = Rs 24


    Remaining 0.5 dozen sold at Rs 8/ dozn
    => SP of last 0.5 dozn = (1/2) of Rs 8 = Rs 4


    Total SP = Rs 24 + Rs 4 = Rs 28
    Total CP = Rs 32
    Thus Loss = Rs 4


    %Loss = (4/32) x 100 = 12.5%

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  8. exactly !! der z error in qn 10 also.. in such qns , answer shud b DATA INADEQUATE


    coz evn if coz if CP = Rs 200 ., then SP = 160 and Loss = 40 and in the qn , there is no relationship between CP and loss is mentioned.., it can be interpreted dat if CP is any value , then SP = (4/5) of CP and Loss = (1/4) of SP.. SO , CP can take any value which imples loss can also be of any value

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  9. Rashmi Singh ChaudharyMay 29, 2015 at 9:32 PM

    plz sir provide detailed solution to each

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  10. Rashmi Singh ChaudharyMay 29, 2015 at 9:33 PM

    anyone can give right solution of q.7

    ReplyDelete
  11. acc to qn , total cost of 4 pens and 3 pencils = Rs 31 but u dont know d exact cost of 1 pen and 1 pencil.. so u cant determine the cost of 5 pens and 6 pencils., dats y answer is DATA INADEQUATE..

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  12. Rashmi Singh ChaudharyMay 29, 2015 at 9:40 PM

    hmmm,ryt

    ReplyDelete
  13. Q10. Cp 5 loss 1

    Sp=4/5 cp

    Cp/sp = 5/4
    Cp =5
    SP=4

    Loss =1/4 of 4 =1

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  14. Sir most of the ans and soln are wrong kindly look upon the same for upcoming posts

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  15. yes ur absolutely correct sakshi chouhan

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  16. Umbrella cannot stop the rain,
    But make us stand in rain !!

    CONFIDENCE may not bring success,
    But gives power to face any CHALLENGE in life !!

    :))

    ReplyDelete
  17. Most of the questions are wrong . it decreases the confidence level .
    Please dont post answers . juat copy and paste question.

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  18. QUES 1 IS CORRECT AS FAR AS I UNDERSTOOD IT PEN<PENCIL<COPIES
    SO SHE WILL BUY 8 NO. OF PEN, 10 NO. OF PENCIL AND 11 NO. OF COPIES

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  19. yeah correct a similar qstn i solved just a bit different so thought it to be same

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  20. thanks for correcting

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  21. thnk u sir but sir in sbi po bundle u have explained the solution with ?????????? which m not able to understand plzz explain in a lucid manner if u can plzz update the quant material

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  22. U r ryt sir ...

    ReplyDelete
  23. Please send me an email for updated study material

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  24. Yes! it's a mistake . Instead of 29 items ,it;s 30 .edited now.

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  25. Next time I will make the practice sets myself. I was busy in making Profit and Loss video lecture.

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  26. I want to get solution of Que no 9,,,,,Plzzzzzz

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  27. pls provide detailed solution for all the qns

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  28. sme1 plz provide solutn for q1 and q8

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  29. hehe.. yeah it happens sometimes :)

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  30. ashwini0723@gmail.com

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  31. Q7..we can solve this question by hit and trial..as i did...answer is 4 pens and 5 pencils...so 5(4)+6(5)=50

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  32. i understand _/\_ ur hardwork

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  33. please provide solution for qn nos 8 and 9

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  34. Sir please tell me will you come at google+ tomorrow?

    ReplyDelete
  35. Sir solution of third question required

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  36. ashwini 0723@gmail.com
    Sir plzz send the updated material

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  37. 24 bananas cost 32 rs ---------c p
    18 bananas cost 24 rs and
    6 bananas cost 4 rs
    total------------------28 rs-----------sp

    loss 4/32*100 = 12.5%

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  38. thank's bro i am putting a question plz solve it and also help me to solve it

    In
    an exhibition of watches there were three companies HMT, ROMAX and TITAN who
    introduced their models in the exhibition and it is found at the last of the
    exhibition that total 300 customers have visited exhibition. 50% customers
    purchased HMT; 55% customers purchased TITAN; 45% customers purchased ROMAX.
    20% of customers who purchased HMT also purchased other two brands. Customers
    who purchased any of two brands are 95. Customers of only HMT are 20 more than
    that of only ROMAX. Customers who purchased only HMT and ROMAX are 40.



    1. How many of them did not purchase any of the three
    watches?

    (a) 15

    (b) 20

    (c) 05

    (d) 10

    (5) None of these



    2. How many of them purchased
    only one brand of watches?

    (a) 175

    (b) 160

    (c) 165

    (d) 170

    (5) None of these



    3. How many of them purchased
    at least two brands of watches?

    (a) 125

    (b) 105

    (c) 95

    (d) 130

    (5) None of these



    4. How many of them didn’t
    purchase only one ROMAX watch?

    (a) 160

    (b) 105

    (c) 260

    (d) 265

    (5) None of these



    5. What is the total number of
    watches which have been sold?

    (a) 450

    (b) 445

    (c) 455

    (d) 305

    (5) None of these

    Answers:



    1. 3

    2. 4

    3. 1

    4. 4

    5. 1
    Brother mujhse nahi hua aggar kr do to mujhe bhhi samjha dena

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  39. it is true sir...m also preparing myself..& i found self study to be best fr me..& even cracked few exam by self study...but missed by final merit.....but yes i will suceed in future..thnks fr sharing notes sir....

    ReplyDelete
  40. what is d solution of 4q ,,i got wrong ans,,

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  41. once explain d solution

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  42. i got 8q ans 2760,, guyz anyone explain d solution

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  43. Frds explain te ques n 9 pls.

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  44. thank you sir ..really am very happy now

    ReplyDelete
  45. its really good post sir. Great inspiration.... we really owe to you a lot because of your great articles

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  46. sir, your advice really had helped me to qualify sbi prelim. i always thoght i m not good in quant but this time i attempted 15 in quant n i got all marks for them. thank u very much. sir i want you to provide more tests for sbi po mains

    ReplyDelete
  47. Ek dum right kaha sir apne.sir I want to crack ibps rrb iv .is it possible to crack even after preparing from today?if yes,then please give me the strategy for this Sir.....

    Please sir, help me. I have keen intrst to crack in my first attempt.

    ReplyDelete
  48. Divyanshi ChauhanJuly 26, 2015 at 10:54 AM

    http://4vnu.com/how-to-prepare-for-bank-exams-recruitment-2015/

    ReplyDelete
  49. with huge respect sir
    this article can inspire any candidate who are doing self prepration..its true nobody is intrested in knowing our strength and weakness....it only us....
    thank you sir

    ReplyDelete

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