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PRACTICE SET FOR
SBI CLERK EXAM
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SCO 37, Top Floor
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Chandigarh
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Call: 8054071123
SCO 37, Top Floor
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Chandigarh
PROFIT AND LOSS
There must be 2 or 3 questions which are based upon
profit and loss. It is an important chapter you can
crack the question easily if you have the concept of
profit and loss cleared in your mind. Here are some
practice question based on profit and loss.
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SCO 37, Top Floor
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Practice Set
Q1 A person sells an article for a price which gives him a profit
of 30% on cost price of Rs 500. calculate the selling price of
the article?

a. 600 b. 650 c. 700 d. 750

Q2 A person buys an article for Rs 600 and sells the same at a
loss of 30% find the selling price of an article?

a. 400 b. 410 c. 420 d. 430
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Practice Set
Q3 A person marks his good 20% more than the cost price and
allows some discount on it. he still of makes a profit of 10%.
find the discount percentage?

a. 5.33% b. 6.33% c. 7.33% d. 8.33%

Q4 A person sells an article for Rs 360 at a loss of 10%. for
what price should he sell the same article to gain 20%?

a. 480 b. 490 c. 500 d. 510
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Q5 A dishonest dealer professes to sell his good at cost price but
uses a weight of 960g for app Kg weight. find the gain percentage?

a. 23/6% b. 25/6% c. 27/6% d. none of these

Q6 A dishonest dealer professes to sell his goods at the cost price.
but he uses a false weight and thus gains 6 18/47%. find the weight
he uses in place of 1 Kg?

a. 910g b. 940g c. 970g d. 990g
Practice Set
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SCO 37, Top Floor
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Practice Set
Q7 By selling two articles for Rs 180 each a shopkeeper gains
20% on one and losses 20% on the other, find the percentage
profit/loss?

a. 3% b.4% c. 5% d. 6%

Q8 A shopkeeper sells two items at the same price. if he sells
one of them at a profit of 10% and other at a loss of 10% . find
the percentage profit/ loss?

a. 1% b. 2% c. 3% d. 4%
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SCO 37, Top Floor
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Practice Set
Q9 A dishonest businessman professes to sell his articles at
cost price but he uses a false weights with which he cheats by
10% while buying and by 10% while selling. find the profit
percentage?

a. 11.11% b. 22.22% c. 33.33% d. 44.44%

Q10 By selling 20 oranges, a person recover the cost price of
25 oranges. find the gain or loss percentage?

a. 15% b. 20% c. 25% d. 30%
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SCO 37, Top Floor
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Practice Set
Q11 Toffees are bought at 12 for a rupee and are sold 10 for a
rupee. Find the percentage profit or loss?

a. 10% b. 15% c. 20% d. 25%

Q12 A shopkeeper allows a discount of 10% on the marked
price. how much cost price must he mark his good to gain 8%?

a. 90 b. 100 c. 110 d. 120
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SCO 37, Top Floor
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Practice Set
Q13 A person bought an article and sold it at loss of 10%. If he
had bought it for 20% less and sold it for Rs 55 more, he would
have had profit of 40%. find the cost price of the article?

a. 250 b. 260 c. 270 d. 280

Q14 calculate a single discount to a series of discount of 20%,
10% and 5%?

a. 30.6% b. 31.6% c. 32.6% d. 33.6%
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SCO 37, Top Floor
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Practice Set
Q15 If a commission of 20% is given on retail price, the profit
is 60%. find the profit percentage when the commission is
increased by 5% of the retail price?

a. 10% b. 25% c. 50% d. 70%
SCO 37, Top Floor
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SCO 37, Top Floor
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Practice Set
Answers PROFIT AND LOSS

1 B 2 C 3 D 4 A 5 B 6 B 7 B 8 A 9 B 10 C
11 C 12 D 13 A 14 B 15 C
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