Crack IBPS PO : Profit and Loss Day 7
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ibps po profit and loss
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IBPS PO Study Planner
Profit and Loss Day 7
No.of Questions: 10
Time : 10 minutes
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Question 1 of 10
1. Question
Airtel charged Rs 270 for 1GB (1 day). Idea charged 90% of Rs 270 for the same 1GB for same days. Ram uses Airtel for 1^{st} 15days and remaining 15 days uses idea. If he uses Idea for whole 30 days, how much amount he save?
Correct
(a)
For first 15days=15×270=Rs 4050
For second 15 days = 90/100× 270 × 15= 243× 15=3645
For 30 days (15 days airtel+ 15 days Idea)=4050+3645=Rs 7695
If he use Idea through 30 days=30×270× 90/100=7290
Saving amount = 76957290= Rs 405
Incorrect
(a)
For first 15days=15×270=Rs 4050
For second 15 days = 90/100× 270 × 15= 243× 15=3645
For 30 days (15 days airtel+ 15 days Idea)=4050+3645=Rs 7695
If he use Idea through 30 days=30×270× 90/100=7290
Saving amount = 76957290= Rs 405

Question 2 of 10
2. Question
On the basis of selling price of an article the loss is calculated to be 2%. The percentage of loss on the basis of cost price is?
Correct
(c)
On the basis of SP, loss % = loss/SP×100= 2 %
Loss = SP/50
Basic formula loss= CPSP
SP/50=CPSP
CP=(51 SP)/50
On the basis of CP
loss % = loss/CP ×100
Loss % = SP/50×50/51SP ×100 = 1.96 %
Incorrect
(c)
On the basis of SP, loss % = loss/SP×100= 2 %
Loss = SP/50
Basic formula loss= CPSP
SP/50=CPSP
CP=(51 SP)/50
On the basis of CP
loss % = loss/CP ×100
Loss % = SP/50×50/51SP ×100 = 1.96 %

Question 3 of 10
3. Question
Raja sells his Samsung phone at 15% above its cost price. If he had bought it 5% more than what he paid for it and sold it for Rs 6 more than the previous selling price, he would have gained 10 %. The cost price of the Samsung phone is?
Correct
(c)
Let CP = X
Given
CP=105x/100
SP = 115x/100+6
105x = 100x+6000
5x = 6000
X = Rs 1200
Incorrect
(c)
Let CP = X
Given
CP=105x/100
SP = 115x/100+6
105x = 100x+6000
5x = 6000
X = Rs 1200

Question 4 of 10
4. Question
Steve Jobs gives the discount of 35% for apple phone , after he marked the price 25% more than its cost price. Find his loss or profit percentage?
Correct
(d)
Let cost price be Rs.100
Marked price=125/100×100=125
selling price=125 35/100×125
=12543.75=81.25
% loss = 18.75/100×100 =18.75 %
Incorrect
(d)
Let cost price be Rs.100
Marked price=125/100×100=125
selling price=125 35/100×125
=12543.75=81.25
% loss = 18.75/100×100 =18.75 %

Question 5 of 10
5. Question
Vino decided to buy a banking monthly magazine for her exam preparation. She went to shop and searching for a good magazine. Then shopkeeper approached her and suggested the good one and allows the discount of 20% on marked price for the same one. By allowing 20% discount, he gains 4% on selling it. Find marked price is how much percentage more than the cost price?
Correct
(b)
Given
Discount = 20%
Gain = 4%
Let CP of the magazine be Rs 100
So SP=100 + 4% of 100= Rs 104
MP= (100×SP)/((10020) )=5/4×SP
=5/4×104
MP=Rs 130
required percentage= ((MPCP))/CP×100
=((130100))/100×100
=30%
Incorrect
(b)
Given
Discount = 20%
Gain = 4%
Let CP of the magazine be Rs 100
So SP=100 + 4% of 100= Rs 104
MP= (100×SP)/((10020) )=5/4×SP
=5/4×104
MP=Rs 130
required percentage= ((MPCP))/CP×100
=((130100))/100×100
=30%

Question 6 of 10
6. Question
SanDisk sold a pen drive at a gain of 20%. Had they bought it for 25 % less and sold it for Rs 70 less, they would have made a profit of %. Then find the cost price of a pen drive?
Correct
(d)
Let cost price of a pen drive= Rs x
SP with 20% gain
135x21000=100x
35x=21000
X=Rs 600
Incorrect
(d)
Let cost price of a pen drive= Rs x
SP with 20% gain
135x21000=100x
35x=21000
X=Rs 600

Question 7 of 10
7. Question
Ajith buys an Audi car marked price at Rs 300000 with 30% and 25% off. He spends Rs 62,500 for maintenance sells it for Rs 300000. What is the gain or loss percentage?
Correct
(c)
Total CP = (70% of 75% of 300000)+ 62500
=0.7×0.75×300000+62500
CP=Rs 2,20,000
SP=Rs 300000
Gain % = ((300000220000))/220000×100
Incorrect
(c)
Total CP = (70% of 75% of 300000)+ 62500
=0.7×0.75×300000+62500
CP=Rs 2,20,000
SP=Rs 300000
Gain % = ((300000220000))/220000×100

Question 8 of 10
8. Question
By selling an ONIDA LED TV for Rs 30000, shopkeeper gains 25%. During a clearance sale the shopkeeper allows the 10% discount of the selling price. His gain percentage during the sale is?
Correct
(a)
SP=Rs 30000
Profit %= 25%
CP= 30000/125×100=Rs 24000
During Clearance sale
SP=30000×90/100=Rs 27000
Gain %= (2700024000)/24000×100=100/8=12.5%
Incorrect
(a)
SP=Rs 30000
Profit %= 25%
CP= 30000/125×100=Rs 24000
During Clearance sale
SP=30000×90/100=Rs 27000
Gain %= (2700024000)/24000×100=100/8=12.5%

Question 9 of 10
9. Question
Siva bought an iPod with a discount of 20 % on its marked price. He sold it at a price 50% more than the price at which he bought it. The new SP is how much percentage more than the marked prize?
Correct
(a)
MP= Rs x
Incorrect
(a)
MP= Rs x

Question 10 of 10
10. Question
In terms of percentage loss, which of the following is the best transaction?
Correct
(E)
%loss=loss/CP×100
CP=Rs 30 LOSS= Rs 6
%loss=6/30×100=20%
CP=Rs 35 LOSS= Rs 7
%loss=7/35×100=20%
CP=Rs 28 LOSS= Rs 6
%loss=6/28×100=21%
CP=Rs 29 LOSS=Rs 8
%loss=8/29×100=27%
CP=Rs 30 LOSS=Rs 5
%loss=5/30×100=16%
Incorrect
(E)
%loss=loss/CP×100
CP=Rs 30 LOSS= Rs 6
%loss=6/30×100=20%
CP=Rs 35 LOSS= Rs 7
%loss=7/35×100=20%
CP=Rs 28 LOSS= Rs 6
%loss=6/28×100=21%
CP=Rs 29 LOSS=Rs 8
%loss=8/29×100=27%
CP=Rs 30 LOSS=Rs 5
%loss=5/30×100=16%
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