RBI 'B' Possible: Quant Quiz (Profit & Loss)

PROFIT & LOSS

1.An article when sold for Rs. 200 fetches 25 percent profit.What would be the percentage profit/loss if 6 such articles are sold for Rs. 1056?
(a) 10% loss

(b) 10% profit

(c) 5% loss

(d) 5% profit

(e) None

2.Ben purchased 125 stools at the rate of Rs. 120 per stool.The transport expenditure was @ Rs.10 for 5 stools. He paid an octroi @ Rs.2 per stool and coolie charges were Rs. 250. What should be the selling price of each stool, if he wants profit of 10%?
(a) Rs. 125

(b) Rs. 145

(c) Rs. 150

(d) Rs. 140

(e) None

3.If 7% of the sale price of an article is equivalent to 8% of its cost price and 9% of its sale price exceeds 10% of its cost price by Rs.1, then the cost price of the article is
(a) Rs.350

(b) Rs.550

(c) Rs.300

(d) Rs.280

(e) none of these

4.A man sells a horse for Rs.600 gaining there by  1/5 th of the selling price.At what price would he have sold it to lose 1/4 th of the then selling price?
(a) Rs.384

(b) Rs.350

(c) Rs.375

(d) Rs.348

(e) Rs.400

5.A house costs C rupees. Later it was sold for a profit of 33. What is the capital gains tax if it is 50% of the profit?
(a) C/24

(b) C/6

(c) 2C/3

(d) 3C/16

(e) None of these

6.John buys a telephone handset for Rs. 600 from Kolkata and sells it at Ranchi at a gain of 25%. If his overhead expenses are 6% of the selling price, then he sold the telephone handset for
(a) Rs. 1000

(b) Rs. 786

(c) Rs. 750

(d) Rs. 795

(e) Rs. 714

7.A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:
(a) 45 : 56

(b) 50 : 61

(c) 99 : 125

(d) 36 : 79

(e) 63 : 92

8.Anindita sells her car for Rs. 5 lakhs and loses something. Had she sold it for Rs. 5.60 lakh, her gain would have been double the former loss. Find the cost price of the car.
(a) Rs. 5.50 lakhs

(b) Rs. 6.20 lakhs

(c) Rs. 5.20 lakhs

(d) Rs. 5.40 lakhs

(e) None

9.A dishonest milkman buys milk at Rs. 6 per liter and adds one third of water to it and sells the mixture at Rs. 7.20 per liter. The gain is:
(a) 40%

(b) 80/3%

(c) 60%

(d) 25%

(e) 20%

10.A trader had 6 quintals of rice. He sold a part of it at 7% profit and the rest at 17% profit, so that he made a total profit of 11%. How much rice did he sell at 17% profit?
(a) 200 kg

(b) 220 kg

(c) 240 kg

(d) 260 kg

(e) None of these

Answers: