Today we are providing you “Mission IBPS PO 2017 : Quant – Profit & Loss Day 15” in this post you will take section wise free mock test to boost up your IBPS PO Exam Preparation. Please share it with your friends.
Quant  Profit & Loss Day 15
Quizsummary
0 of 15 questions completed
Questions:
 1
 2
 3
 4
 5
 6
 7
 8
 9
 10
 11
 12
 13
 14
 15
Information
Mission IBPS PO 2017 – Daily Free Mock Test
Reasoning Section : Quant – Profit & Loss Day 15
No Of Question: 15
Test Time: 10 Mins
Let’s Study Together !!!
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 15 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Average score 

Your score 

Categories
 Not categorized 0%
Pos.  Name  Entered on  Points  Result 

Table is loading  
No data available  
 1
 2
 3
 4
 5
 6
 7
 8
 9
 10
 11
 12
 13
 14
 15
 Answered
 Review

Question 1 of 15
1. Question
A sells an article to B making a profit of 1/5 of his outlay. B sells it to C, going 20%. If C sells it for ` 600 and incurs a loss of 1/6 Of his outlay, the cost price of A is?

Question 2 of 15
2. Question
A fan in a shop is offered at a discount of 10%. It is sold during clearence sale at 6% discount over the already discounted price at `846. The original marked price of the fan is

Question 3 of 15
3. Question
A trader allows a trade discount of 20% and a cash discount of 6 ¼ % on the marked price of the goods and gets a net gain of 20% of the cost. By how much above the cost should the goods be marked for the sale?

Question 4 of 15
4. Question
Tarun bought a TV with 20% discount on the labelled price. Had he bought it with 25% discount, he would have saved ` 500. At what price did he buy the TV?
Correct
Option C
20% discount on L.P. – 25% discount on L.P. = Rs. 500
= 80% value of L.P. – 75% value of L.P. = Rs. 500
5% value of L.P. = Rs. 500
L.P. (i.e. 100%) = 500/5 ×100 = 10000
Incorrect
Option C
20% discount on L.P. – 25% discount on L.P. = Rs. 500
= 80% value of L.P. – 75% value of L.P. = Rs. 500
5% value of L.P. = Rs. 500
L.P. (i.e. 100%) = 500/5 ×100 = 10000

Question 5 of 15
5. Question
A tradesman sold an article at a loss of 20%. If the selling price had been increased by ` 100, there would have been a gain of 5%. The cost price of the article was

Question 6 of 15
6. Question
A trader marked his goods at 20% above the cost price. He sold half the stock at the marked price, one quarter at a discount of 20% on the marked price and the rest at a discount of 40% on the marked price. His total gain is
Correct
Option A
Option – A
Total % discount % on MP – [ ½ × 0 + ¼ ×20 + ¼ × 40] % = [ 0+5+10] = 15 %
Now, If CP = x
then MP = 20% above CP
MP after discount = 8.5% of 1.2 x = 1.02x
So, total gain = (1.02 x x )/X ×100% = 2%
Incorrect
Option A
Option – A
Total % discount % on MP – [ ½ × 0 + ¼ ×20 + ¼ × 40] % = [ 0+5+10] = 15 %
Now, If CP = x
then MP = 20% above CP
MP after discount = 8.5% of 1.2 x = 1.02x
So, total gain = (1.02 x x )/X ×100% = 2%

Question 7 of 15
7. Question
While selling a shirt, a shopkeeper gives a discount of 7%. If he had given a discount of 9%, he would have got 15 less as profit. The marked price of the shirt is
Correct
Option A
Let Rs. x be the marked price of the shirt.
ATQ, Difference of discounts = 2%
= 2% of x = 15 = x * 2 / 100 = 15
X = 15*100 / 2 = 750
Incorrect
Option A
Let Rs. x be the marked price of the shirt.
ATQ, Difference of discounts = 2%
= 2% of x = 15 = x * 2 / 100 = 15
X = 15*100 / 2 = 750

Question 8 of 15
8. Question
A businessman sells a commodity at 10% profit. If he had bought it at 10% less and sold it for 2 less, then he would have gained 16 2/3 %. The cost price of the commodity is
Correct
OptionC
Let the first CP of the commodity be Rs. 100
First SP = Rs. 110 , Second CP = Rs. 90.
Gain = 16 2/3 % = 50/3 %
Second SP = [ 100 + 50 /3 ] % of Rs. 90
350*90/ 3*100 = 105
Difference of SPs = Rs. (110 – 105) = Rs. 5
If the difference is Rs.5, then CP = Rs. 100
So, If the difference be Rs. 2, then = CP = 100*2 / 5 = 40
Incorrect
OptionC
Let the first CP of the commodity be Rs. 100
First SP = Rs. 110 , Second CP = Rs. 90.
Gain = 16 2/3 % = 50/3 %
Second SP = [ 100 + 50 /3 ] % of Rs. 90
350*90/ 3*100 = 105
Difference of SPs = Rs. (110 – 105) = Rs. 5
If the difference is Rs.5, then CP = Rs. 100
So, If the difference be Rs. 2, then = CP = 100*2 / 5 = 40

Question 9 of 15
9. Question
One trader calculates the percentage of profit on the buying price and another alculates on the selling price. When their selling prices are the same, then the difference of their actual profits is 85 and both claim to have made 20% profit. What is the selling price of each?
Correct
Option C
For the first trader, Let the CP of the article = Rs. 100
SP = Rs. 120
Now, For the second trader,
SP of the article = Rs. 120 & Gain = 20%
Let the CP be Rs. x. = ( 120 – x ) × 100 / 120 = 20
120x = 20×6 / 5 = 24
X = 96
Gain = Rs. 24
Now when difference of gains = Rs. 4, then SP = Rs. 120
So, When the difference = Rs. 85,
then SP = 120 × 85 / 4 = 2550
Incorrect
Option C
For the first trader, Let the CP of the article = Rs. 100
SP = Rs. 120
Now, For the second trader,
SP of the article = Rs. 120 & Gain = 20%
Let the CP be Rs. x. = ( 120 – x ) × 100 / 120 = 20
120x = 20×6 / 5 = 24
X = 96
Gain = Rs. 24
Now when difference of gains = Rs. 4, then SP = Rs. 120
So, When the difference = Rs. 85,
then SP = 120 × 85 / 4 = 2550

Question 10 of 15
10. Question
If Gaurav sells an item 3/4 of its selling price he incurs a loss of 4%. What will be the profit or loss percentage if he sells it at the actual selling price?
Correct
Option A
Let the C.P. = Rs. 100,
When sold at 3/4 th of S.P. the loss is 4%.
S.P. in this case = Rs. 96
= 3/4 times Actual selling Price.
Actual selling price = (96)×4/3 = Rs. 128
If Gaurav sells at the actual S.P. then he makes a profit of Rs. 28 on a cost price of Rs. 100 i.e. profit = 28%.
Incorrect
Option A
Let the C.P. = Rs. 100,
When sold at 3/4 th of S.P. the loss is 4%.
S.P. in this case = Rs. 96
= 3/4 times Actual selling Price.
Actual selling price = (96)×4/3 = Rs. 128
If Gaurav sells at the actual S.P. then he makes a profit of Rs. 28 on a cost price of Rs. 100 i.e. profit = 28%.

Question 11 of 15
11. Question
An article is sold at a discount of 20% and an additional discount of 30% is allowed on cash payment. If Namrata purchased the article by paying 2240 in cash, the marked price of the article was

Question 12 of 15
12. Question
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

Question 13 of 15
13. Question
A mechanic purchases a scooter with marked price of ` 2600 at successive discounts of 10% and 5%. If he spent ` 477 for its repair etc. and sold it for ` 2835, then the profit or loss percent in this deal is
Correct
Option A
For mechanic, purchase price = 0.9×0.95 ×2600 = 2223
Total cost incurred by mechanic on scooter = purchase price + repairing cost
= (2223 + 477) = 2700
S.P. = 2835 ( 2835>2700 profit)
So, % profit = (2835 – 2700) ×100%/ 2700
= 135 ×100% / 2700 = 5% profit
Incorrect
Option A
For mechanic, purchase price = 0.9×0.95 ×2600 = 2223
Total cost incurred by mechanic on scooter = purchase price + repairing cost
= (2223 + 477) = 2700
S.P. = 2835 ( 2835>2700 profit)
So, % profit = (2835 – 2700) ×100%/ 2700
= 135 ×100% / 2700 = 5% profit

Question 14 of 15
14. Question
An article is sold for Rs. 575 the amount of profit is equal to the amount of loss if it is sold for Rs. 385, the cost price for this article is
Correct
OptionC
Let the profit be Rs. x
575 – x = 385 + x
575 – 385 = 2x
190 = 2x
x = 95
CP = 575–95 = 480
Incorrect
OptionC
Let the profit be Rs. x
575 – x = 385 + x
575 – 385 = 2x
190 = 2x
x = 95
CP = 575–95 = 480

Question 15 of 15
15. Question
A person bought a certain quantity of rice at the rate of ` 150 per quintal. 10% of the rice was spoiled. At what price (per quintal) should he sell the remaining rice to earn 20% profit
Correct
Option B
Let the quality of rice be x quintal C.P. = ` 150x
Spoiled rice = 10% of x = x/10
Rice to be sold = 9x/10 quintals
CP of Rice to be sold = 9x * 150 / 10 = 135x
% Profit = 20%
= S.P. = 120 * 100 / 135x= 27x × 6
Rate = `180/quintal
Incorrect
Option B
Let the quality of rice be x quintal C.P. = ` 150x
Spoiled rice = 10% of x = x/10
Rice to be sold = 9x/10 quintals
CP of Rice to be sold = 9x * 150 / 10 = 135x
% Profit = 20%
= S.P. = 120 * 100 / 135x= 27x × 6
Rate = `180/quintal
Pingback: DAY 15 Study Bag : Crack IBPS PO PRE By GovernmentAdda.com   GovernmentAdda()