Crack IBPS Clerk Prelims : Profit and Loss Day 19

Q.1) If Lalit bought 5 roses for Rs.2. At what price should she sell 25 roses if she wants to make a profit of 20%?

a) Rs.10

b) Rs.8

c) Rs.12

d) Rs.15

e) None of these

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Cost price of 5 roses=  Rs.2

Cost price of 25 roses=Rs.10

Selling price of 25 rose with 20% profit= 120/100×10=12

Q.2) If a shopkeeper gives 20% discount on its marked price, he makes a loss of 11.11%. What % profit will the shopkeeper make if the article is sold at 10% discount on its marked price?

a) 8%

b) 2%

c) 10%

d) No profit or loss

e) None of these

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Let the marked price be 100.

If discount is 20% ,S.P=88.89/100×C.P


If discount is 10%, S.P=90

Selling price equals to cost price.

Therefore, no profit or loss


Q.3) A pot seller marks his pots up by 50% and then offers a discount on the marked price. If after the discount the pot seller making no profit or loss, then what is the percentage discount offered by the pot seller?

a) 12.5%

b) 33.33%

c) 24.28%

d) 25%

e) 30%

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Let cost price of the pot be Rs.100

Marked price=150

% discount=50/150×100=33.33%

Q.4) Two companies A & B, sold each computer for Rs.24000. If company A computes his profit on cost price, while company B computes his profit on selling price, they end up making profits of 20% respectively. By how much is the profit made by company B greater than that of company A?

a) 25%

b) 10%

c) 20%

d) 15%

e) None of these

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Cost price of computer A=24000/120×100=20000


Cost price of computer B=24000/100×80=19200


Required percentage=800/4000×100=20%

Q.5) A shopkeeper bought furniture at 20% discount on the label price. If shopkeeper wants to make a profit of 10% after allowing a discount of 20%, by what % was marked price is greater than the labelled price?

a) 15%

b) 20%

c) 10%

d) 12%

e) None of these

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Let label price be Rs.100.

After a discount of 20%, Shopkeeper bought furniture at=Rs.80

Selling price with 10% profit=88

Marked price=88/80×100=110

Percentage required=10/100×100=10%

Q.6) Ram bought two shirts for Rs.1000. He sells one of them at a profit of 25% and the other at a loss of 16.67% and makes no profit or loss in the end. What is the selling price of the shirt that he sold at a loss? (Approximately)

a) Rs.600

b) Rs.400

c) Rs.500

d) Rs.550

e) RS.450

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Cost price of two shirts=1000

Let cost price of one shirt be x another be 1000-x

Selling price of two shirts =1000





Required selling price=(1000-400)×0.8333=499.8~500

Q.7) The Maximum Retail Price (MRP) of a product is 40% above its manufacturing cost. The product is sold through a retailer, who earns 25% profit on his cost price. What is the profit percentage for the manufacturer who sells his product to the retailer?

a) 20%

b) 10%

c) 15

d) 12%

e) None of these

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Let cost price of manufacturer= Rs.100


Cost price=140/125×100=112

Manufacturer profit=(112-100)/100×100=12%

Q.8) The marked price of a car is 40% above its cost price. The profit amount is doubled when selling price is increased by 20%. If original marked price was Rs.280000, then what is the selling price?

a) Rs 260000

b) Rs 250000

c) Rs 235000

d) Rs 246000

e) None of these

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Marked price=280000

Cost price=280000/140×100=200000

Profit=selling price-cost price

2×profit=1.20 selling price-cost price

2(SP-CP)=1.20 SP-CP

2 SP-1.20 SP=2 CP-CP

0.8 SP=200000


Q.9) A cap seller marked the price of a cap with a profit of 30% but allowed a discount of 20% on marked price. What is his actual profit?

a) 4%

b) 5%

c) 8%

d) 20%

e) 15%

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Let cost price of the cap be Rs.100.

Marked price=130/100×100=Rs.130

Selling price=130××80/100=104


Q.10) A merchant allows 20% discount on marked price and still makes a profit of 10%. If he gains Rs.35 on one article, then what is the marked price?

a) Rs.455.50

b) Rs.481.25

c) Rs.420.75

d) Rs.475.25

e) None of these

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Selling price=35/10×110=385

Marked price=385/80×100=Rs.481.25

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