Profit and Loss Practices Questions for bank test(IBPS,SBI,RRB,RBI PO/MT and clerk examinations)

Here we are sharing a set of 15 practice questions from profit and loss section.Profit ans loss is an inevitable part of quantitative section in competitive exams like IBPS PO,IBPS Clerk,SBI,RBI,RRB PO and Clerk examinations.By understanding few basic formulas and rules anyone can solve profit and loss questions.But,as you know time management is an important factor in competitive exams. Especially in bank exams.We have provide fully solved Profit and Loss Practice Questions for Bank Exams for your upcoming bank exam preparations.We have solved all the questions through the time saving shortcut methods.You can read and download Profit and Loss practice questions pdf from the link provide below.Before going into practice questions you may like to check important shortcuts and formulas for solving profit and loss problems

Profit and Loss Shortcuts tricks

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simon     12:26:00     No comments:

Profit and loss formulas and shortcuts for ibps,sbi po and clerk

Profit and loss problems for bank exam:In every bank exam,at least 1-2 questions will be from profit and loss section.By understanding few simple formulas and shortcuts you can easily score full mark from this section.Here we are sharing some important formulas and shortcut tricks to solve profit and loss problems faster.

Basic formulas for profit and loss

• Cost Pice:Cost price(C.P)is the price at which a particular article is bought.
• Selling Price:Selling price(S.P) is that price at which a particular item is sold.
• If an article is sold at 40% profit,then S.P=140% 0f C.P
• If an article is sold at 40% loss, then S.P=60% of C.P
• The profit or loss percentage is always calculated based on C.P
• If P sold an article at a profit R1% to Q.Q sold it to R at a profit of R2% and R sold it to S at a profit of R3%.Then money spent by S for buying article 

Example:A sells a radio to B at a gain of 10% and B sells to c at a gain of 5%.If C pays Rs.462 for it,what did it cost to A?
C.P of radio to C=C.P of radio to A * (1+10/100)(1+5/100)
=> 462=C.P of radio to A * 110/100 *105/100=>C.P of radio to A=(462*100*100)/(105*110)=400

• If there are two successive profits (R1% and R2%) obtained on an article then

Example:A dishonest shopkeeper deceives by 15% at the time of purchase of article and also 15% at the time of sale.Find out the profit percentage
Profit%=15+15+(15*15 / 100)=30 + 225/100 =30+2.25=32.25%.

• If a seller mark P% above cost price and gives a discount of Q%,the final 

Example:A car costs a dealer Rs.50,000.Dealer raised price by Rs.10,000 and then deducted 4% of new price.What is the profit/loss %?
Ans: Let P be the percentage of price raised=(10000/500000) * 100 =20%
Discount %=4%
profit %=(20-4- 20*4/100 ) =15.2%

• When a person sells two similar items(Same S.P), one at a profit of x%, and other at a loss of x%, then the seller always incurs a loss given by 
• If a seller professes to sell an article at C.P , but uses false weights, then

Hope you will find this article on profit and loss shortcut formulas for bank test useful in upcoming bank exams.

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simon     00:04:00     No comments: