Profit and Loss For SBI PO Set – 3

1) Fresh nuts contains 75% of water by weight, where as dry nuts contains 50% of water by weight. Smith buys 50 kg of fresh nuts for a total price of Rs.150. At what price should he sell the dry nuts (fresh nuts are dried up)to earn 20% profit?

a)  5 1/5

b) 8 1/5

c) 9 1/5

d) 7 1/5

e) None of these

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   a)  5 1/5

Explanation

Shalini share: Nalini share

80000+(80000+20000):80000+(80000-30000)
.180000:130000

18:13

Nalini share=3000×13=Rs.39000       

 


2) A shopkeeper sells a transistors at 15% above its cost price. If he had bought it at 5% more than what he paid for it and sold it for Rs.8 more, he would have gained 10%. The cost price of the transistor is?

a) Rs.1600

b) Rs.1500

c) Rs.1400

d) Rs.1300

e) None of these

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    c) Rs.1400

Explanation

Selling price 94%=5076

=Rs.5400       


3)  A seller uses 920 gm in place of one kg to sell his goods. When he sells his article at 15% gain on cost price, the actual percentage of profit is:

a) 25

b) 30

c) 20

d) 15

e) 16 

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   a) 25

Explanation

Let CP = 100 & SP = 115

But he also uses 920 gm in place of 1kg

 

Also earn = 8% profit

Now actual CP = 100 – 8 = 92

      

4) A bakery bakes cake with expectation that it will earn a profit of 40% by selling each cake at marked price. But during the delivery to showroom 16% of the cakes were completely damaged and hence could not be sold. 24% of the cakes were slightly damaged and hence could be sold at 80% of the cost price. The remaining 60% of the cakes were sold at marked price. What is the percentage profit in the whole consignment?

a)  3.2

b) 2.4

c) 2.8

d) 4.2

e) 3.6

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    a)  3.2

Explanation

Let total no’s of cake = 100

CP of each cake = 1 Rs. And MP of each coke = 1.4

SP of 24% cake = 24 ×0.8 = 19.2

SP of 60% cake = 60 ×1.4 = 84

Total SP = 84 + 19.2 = 103.2

Profit = 103.2 – 100

Profit = 3.2%       


5) A can do a job in 16 days and B can do the same job in 12 days. With help of C, they did the job in 4 days only. Then, C alone can do the job in

a) 10/3 days  

b) 11/4 days

c) 48/5 days

d) 71/9 days

e) 57/5 days

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     c) 48/5 days

 

Explanation

 

      

6) A shopkeeper gains 10% after allowing a discount of 25% on the market price of an article) Find his profit %, if the articles are sold at market price allowing no discount?

a) 50%

b) 53.75%

c) 47%

d) 40%

e) None of these

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     c) 47%

Explanation

Let as assume C.P = 100

After adding profit ‘X’ rs, it become 100 + x = S.P

Allowing 25% discount on SP means  75/ 100(100+x) = 100+ 10 = 110

X = 47%

      

7) Two successive discounts of a% and b% on the marked price of an article are equivalent to the single discount of   

a) (a + b)%

b) (a + b –((ab))/100)%

c) (a + /100%)

d)  (a+b)/2%

e) None of these  

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  b) (a + b –((ab))/100)%

Explanation

      

8) A Women buys Rice for Rs.4800. She sells one-third of it at a profit of 10%. At what per cent  gain should she sell the remaining two-third so as to make an overall profit of 20% on the whole transaction?

a) 25%

b) 20%

c) 35%

d) 30%

e) None of these 

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    a) 25%

Explanation

      

9) Pankaj purchased an item for Rs. 7,500 and sold it at the gain of 24%. From that amount he purchased another item and sold it at the loss of 20%. What is his overall gain/loss?

a) Loss of Rs. 140

b) Gain of Rs. 60

c) Loss of Rs. 40

d) Neither gain nor loss

e) None of these

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    e) None of these

Explanation

Cost price 1=7500

Profit (24%), selling price 124%=124%7500=9300

Now, cost price 2=9300

Loss 20%, Selling price=80%9300=7440

compare two cost prices=7500-7440

Loss =Rs.60       


10) Rita purchased an item of Rs. 6500 and sold it at the loss of 20%. From that amount she purchased another item and sold it at the profit of 25%. What is her overall gain/loss?

a) Loss of Rs. 500

b) Gain of Rs. 500

c) Gain of Rs. 250

d) Neither gain nor loss

e) None of these

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    d) Neither gain nor loss

Explanation

Clearly there is no profit, no loss.