IBPS Quantitative Aptitude Mock Test 2 Profit & Loss

1. Mithilesh makes 750 articles at a cost of 60 paise per article. He fixes the selling price such that if only 600 articles are sold, he would have made a profit of 40% on the outlay. however, 120 articles got spoilt and he was able to sell 630 articles at this price. Find his actual profit percent as the percentage of total outlay assuming that the unsold articles are useless.

2. A manufacturer estimates that on inspection 12% of the articles he produces will be rejected. He accepts an order to supply 22,000
articles at 7.50 each. He estimates the profit on his outlay including the manufacturing of rejected articles, to be 20%. find the cost of manufacturing each article.

3. The cost of setting up the type of a magazine is 1000. The cost of running the printing machine is 120 per 100 copies. The cost of paper, ink and so on is 60 paise per copy. The magazines are sold at 2.75 each. 900 copies are printed, but only 784 copies are sold. What is the sum to be obtained from advertisement to give a profit of 10% on the cost?

4. A tradesman fixed his selling price of goods at 30% above the cost price. He sells half the stock at this price, the cost price. He sells half the stock at a discount of 15% n the original selling price and rest at a discount of 30% on the original selling price. Find the gain percent altogether.

5. Dolly goes to a shop to purchase a doll priced at 400. She is offered 4 discount options by the shopkeeper. Which of these options shouldshe opt for to gain maximum advantage of the discount offered?

6. A dishonest dealer marks up the price of his goods by 20% and gives a discount of 10% to the customer. He also uses a 900 gram weight instead of a 1 kilogram weight. find the percentage profit due to these maneuvers.

7. For question 8, if it is know that the shopkeeper takes a discount of 10% from his supplier and he disregards this discount while marking up (i.e he marks up at the undiscounted price), find the percentage profit for the shopkeeper if there is no other change from the previous problem.

8. Cheap and best, a kirana shop bought some apples at 4 per rupee and an equal number at 5 per rupee. He then sold the entire quantity at 9 for 2 rupee. what is his percentage profit or loss?

9. A watch dealer sells watches at 600 per watch. However, he is forced to give two successive discounts of 10% and 5% respectively. However, he recovers the sales tax on the net price. what price does a customer have to pay him to buy the watch?

10. Deb bought 100 kg of rice for 1100 and sold it ar a loss of a much money as he received for 20 kg rice. At what price did he sell the rice?

11. A carpenter want to sell 40 chairs. If he sells them at 156 per chair, he would be able to sell all the chairs. But for every 6 increase in price, he will be left would he be able to maximize his profits assuming unsold chairs remain with him?

12. Read the following and answer the questions that follow.

Doctors have advised Renu, a chocolate freak, not to take more than 20 chocolates in one day. When she went to the market to buy her daily quota, she found that if she buys chocolates from the market complex she would have to pay 3 more for the same number of chocolates than she would have spent had she bought them from her uncle scrooge’s shop, getting two sweets less per rupee. She finally decided to get them from uncle scrooge’s shop paying only in one rupee coins.

How many chocolates did she buy?

13. Read the following and answer the questions that follow.

Doctors have advised Renu, a chocolate freak, not to take more than 20 chocolates in one day. When she went to the market to buy her daily quota, she found that if she buys chocolates from the market complex she would have to pay 3 more for the same number of chocolates than she would have spent had she bought them from her uncle scrooge’s shop, getting two sweets less per rupee. She finally decided to get them from uncle scrooge’s shop paying only in one rupee coins.

How much would she have spent at the market complex?

14. A shopkeeper makes a profit of Q% by selling an object for 24. Had the cost price and selling price been interchanged, it would have led to a loss of 62.5Q%. With the latter cost price, what should be the new selling price to get a profit of Q%?

15. Find the change in the percentage profit for a fruit vendor who, after finding 20% of the fruits rotten, increased his selling price by 10% over and above 15% that he was already charging?

16. Read the following and answer the question that follow.

Ramu and shyamu decided to sell their cars each at 36,000. While ramu decided to give a discount of 8% on the first 8000 5% on next 12,000 and 3% on the rest to buyer shashi, shyamu decided to give a discount of 7% on the first 12000 6% on the next 8000 5% on the rest to buyer rajesh. These discounts were, however subject the discount gets reduced by 1% for every delay of a week. In each case, the selling price of 36,000 was arrived at by increasing the cost price by 25%

If each of them got the payments on time, what is the approximate percentage profit of the person getting the higher profit?

17. Read the following and answer the question that follow.

Ramu and shyamu decided to sell their cars each at 36,000. While ramu decided to give a discount of 8% on the first 8000 5% on next 12,000 and 3% on the rest to buyer shashi, shyamu decided to give a discount of 7% on the first 12000 6% on the next 8000 5% on the rest to buyer rajesh. These discounts were, however subject the discount gets reduced by 1% for every delay of a week. In each case, the selling price of 36,000 was arrived at by increasing the cost price by 25%

If sashi defaults by 1 and 2 weeks in the second and third payments respectively, what would be the profit of ramu in the sale of the car?

18. Read the following and answer the question that follow.

Ramu and shyamu decided to sell their cars each at 36,000. While ramu decided to give a discount of 8% on the first 8000 5% on next 12,000 and 3% on the rest to buyer shashi, shyamu decided to give a discount of 7% on the first 12000 6% on the next 8000 5% on the rest to buyer rajesh. These discounts were, however subject the discount gets reduced by 1% for every delay of a week. In each case, the selling price of 36,000 was arrived at by increasing the cost price by 25%

What would be the difference in the profits if both the buyers default in each payment by a week?

19. Find the selling price of goods if two salesmen claims to make 25% profit each, one calculating it on cost price while another on the selling price, the difference in the profits earned being 100 and selling price being the same in both the cases.

20. A shopkeeper calculates percentage profit on the buying price and another on the selling price. What will be their difference in profits if both claim a profit of 20% on goods sold 3000?