TARGET SBI EXAM 2018: PROFIT & LOSS

Dear Bankersdaily Aspirants,

Hope , Your preparation for SBI Clerk & PO exam 2018 is good . Since SBI Clerk & PO exam is a Two level which will be conducted in an online mode, Competition will be higher for this SBI Clerk & PO Exam and the most important thing , Current affairs section will be there in this exam. So aspirants have to concentrate in Four sections namely Aptitude, Reasoning, English, Current Affairs.

The person with high speed and very good accuracy only can crack this exam to taste the success. The candidates will be selected on the basis of performance in this online exam test. So the candidate with consistent hard work and regular practice will crack the exam very easily.

Here are some questions which will help you to identify your level of preparation.

Exam: SBI  Clerk & PO Exam 2018

Topic: Profit & loss

Timing: 7 minutes

Q.1) Marked price of a table is Rs 960. The shopkeeper offered the discount of 20% and gain 28%. If no discount is allowed, find his gain percentage?

a) 62%

b) 60%

c) 43%

d) 20%

e) 40%

Q.2) GRT offers the following discount scheme for buyers on a gold coin

Scheme 1-two successive discount of 12%

Scheme 2-a discount of 14% followed by a discount of 11%

Scheme 3-two successive discount of 15% and 5%

Scheme 4- discount of 20%

Scheme 5- successive discount of 15% and 20%

The selling price will be minimum under which scheme?

a) Scheme 1

b) Scheme 2

c) Scheme 3

d) Scheme 4

e) Scheme 5

Q.3) In order that there may be a profit of 30% after allowing a discount of 20% on the marked price, The cost price of an article has to be increased by what percentage?

a) 62 %

b) 62%

c) 64 2/5%

d) 68 1/2%

e) 70 2/3%

Q.4) What is the maximum percentage discount (approximately) that a merchant can offer on his marked price, so that he ends up selling at no profit or loss, if he initially marked his goods up by 40%?

a) 60%

b) 28.5%

c) 33.4%

d) 43.90%

e) 50%

Q.5) A Shopkeeper sells laptops at the rate of Rs 457 each and earns the commission of 4%. He also sells Mobile phones at the rate of Rs 80 each and earns a commission of 20%. How much amount of commission will he earn in two weeks if he sells 10 laptops and 6 mobile phones per day?

a) Rs 270.0

b) Rs 298.7

c) Rs 382.1

d) Rs 399.8

e) None of these

Q.6) When a producer allows 36% commission on the retail price of his product he earns a profit of 8.8%. What would be his profit percent if the commission is reduced by 12%?

a) 48.1%

b) 49.6%

c) 47.23%

d) 50.28%

e) Can’t b determined

Q.7) Chandru likes Diary milk chocolate very much so he bought some number of chocolate at Rs 4 and the same number of chocolate at Rs 5. He mixes them and sells them at Rs 4. What is his gain or loss percent?

a) 12 1/9%

b) 12 2/9%

c) 11 1/9%

d) 10 1/9%

e) None of these

Q.8) Selma buys a note book for Rs 150. If the over head expenses be 12% of the cost price, at what price should it be sold to gain 10 % (in Rs)?

a) 184.8

b) 185.8

c) 187.8

d) 188.8

e) None of these

Q.9)  Vijay sells a book at the rate of Rs 300 each which includes a profit of 20%. What amount of profit will he earn in 18 days, if he sells seven books per day (in Rs)?

a) 6500

b) 6300

c) 7600

d) 6800

e) 7300

Q.10) The profit earned by selling an article for Rs 1632 is equal to the loss incurred when the same article is sold for Rs 128 what should be the sale price for making 50% of profit (in Rs)?

a) 1320

b) 1300

c) 1220

d) 1420

e) 1230

Answer Key

1.b

MP= Rs960 discount= 20%

SP= 960×80/100=768

CP= 768×100/128=600

Required %=(960-600)/600= 60%

2.e

Equivalent single discount for all schemes

scheme 1=12+12-(12×12/100)=22.56%

scheme 2=14+11-(14×11/100)=23.46%

scheme 3=15+5-(15×5/100)=19.25%

scheme 4=20%

scheme 5=15+20-(15×20/100)=32%

3.a

MP= Rs x

X×(100-20)/100=80/100 X=4/5 X

CP=4/5 X×100/130=8/13X

CP has to increased by

(X-8/13 X)/(8/13 X)×100=62 1/2%

4.b

Let cost price = Rs 100

An marked price= Rs 100+40=Rs 140

Required discount be x%

So

140×(100-x/100)=100

100-x=(100×100)/140

X=28.5%

5.e

SP of laptop= Rs 457

Commission on one laptop=(4×457)/100

Commission on 10 laptops=(4×457×10)/100=Rs 182.80

SP of mobile= Rs 80

Commission on one mobile=(8×20)/100

Commission on 6 mobiles=(8×20×6)/100=Rs 96.00

Total commission on one day= (Rs 182.8+96) = 278.80

The amount of commission will he earn in two weeks = 278.8 ×14 = Rs.3903.2

6.b

Let retail price= Rs 100

Commission= Rs 36

SP=100-36=64

Profit= 8.8%

CP=100/108.8×64=Rs  1000/17

New commission= RS 12

New SP=100-12=Rs 88

Gain=88-(1000/17)=496/17

gain %=496/17×17/1000×100=49.6%

7.c

CP of 1 chocolate for 1^st rate=Rs  1/4

CP of 1 chocolate for 2^st rate=Rs  1/5

CP of 2 chocolate after mixing =  1/4+1/5=9/20

CP of 1 chocolate after mixing =  9/(20×2)=Rs  9/40

SP of 1 chocolate after mixing= Rs  1/4

gain=1/4-9/40=1/40

gain %=1/40×40/9×100=11 1/9%

8.a

Total CP = (CP+ overhead expenses)

=150+12% of 150=Rs 168

Gain= 10%

SP=110/100×168=Rs 184.80

9.b

Cost Price of One Book= 300(100/120) =300×5/6=Rs.250

Total amount of CP= 18×7×250=Rs 31500

Total amount of SP = 18×7 ×300 = 37800

Required profit = 37800- 31500 = Rs.6300

10.a

CP=Rs x

1632-x=x-128

2x=1760

X=Rs 880

SP= 150% of 880=Rs 1320

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TARGET SBI EXAM 2018