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ibps po profit and loss

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Profit and Loss Day 7 No.of Questions: 10 Time : 10 minutes All the Best!!!

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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 = 7695-7290= 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 = 7695-7290= 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= CP-SP

SP/50=CP-SP

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= CP-SP

SP/50=CP-SP

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

=125-43.75=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

=125-43.75=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)/((100-20) )=5/4×SP

=5/4×104

MP=Rs 130

required percentage= ((MP-CP))/CP×100

=((130-100))/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)/((100-20) )=5/4×SP

=5/4×104

MP=Rs 130

required percentage= ((MP-CP))/CP×100

=((130-100))/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

135x-21000=100x

35x=21000

X=Rs 600

Incorrect

(d)

Let cost price of a pen drive= Rs x

SP with 20% gain

135x-21000=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 % = ((300000-220000))/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 % = ((300000-220000))/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 %= (27000-24000)/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 %= (27000-24000)/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?