Quant Quiz on Profit & Loss For SBI 2015

1. A person bought a horse and a carriage for Rs. 20,000. Later, he sold the horse at 20% profit and the carriage at 10% loss. Thus, he gained 2% in the whole transaction. The cost price of the horse was
(a) Rs. 7, 200/-
(b) Rs. 7, 500/-
(c) Rs. 8, 000/-
(d) Rs. 9, 000/-
(e) none of these

2. A sells an article to B at 15% profit. B sells it to C at 10% loss. If C pays Rs. 517.50/-  for it then A purchased it at: 
(a) Rs. 500/-
(b) Rs. 7,50/-
(c) Rs. 1,000/-
(d) Rs. 1, 250/-
(e) none of these

3. An article is sold at a certain fixed price. By selling it at 2/3 of that price, one losses 10%. The gain percent on selling it at the original Price is: 
(a) 20
(b) 33.33
(c) 35
(d) 40
(e) none of these

4. A sells an article to B for Rs. 45, 000/- losing 10% in the transaction. B sells it to C at a price which would have given a profit of 10% to A. By what per cent does B gain?  
(a) 75/2
(b) 100/3
(c) 200/9
(d) 150/7
(e) none of these

5. The cost price of an article is 80% of its marked price for sale. How much per cent does the  tradesman gain after allowing a discount of 12%? 
(a) 20
(b) 12
(c) 10
(d) 8
(e) none of these

6.  A merchant has announced 25% rebate on prices of ready- made garments at the time of sale. If a purchase need to have a rebate of Rs. 400/-, then how many shirts, each costing Rs. 320/-, should he purchase? 
(a) 10
(b) 7
(c) 6
(d) 5
(e) none of these

7. A merchant purchases a wristwatch for Rs. 450/- and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price (in rupees) of the wristwatch is : 
(a) 500
(b) 600
(c) 750
(d) 800
(e) none of these

8. A reduction of 10% in the price of tea enables a dealer to purchase 25 kg more tea for Rs. 22, 500/- what is the reduced price per kg of tea? 
(a) Rs. 70/-
(b) Rs. 80/-
(c) Rs. 90/-
(d) Rs. 100/-
(e) none of these

9. Ram donated 4% of his income to a charity and deposited 10% of the rest in a Bank. If now he has Rs. 8, 640/- left with him, then his income is: 
(a) Rs. 12, 500/-
(b) Rs. 12, 000/-
(c) Rs. 10, 500/-
(d) Rs. 10, 000/-
(e) none of these

10. If the length of a rectangle is increase by 10% and its breadth is decreased by 10%, then its area :
(a) Decreased by 1%
(b) Increases by 1%
(c) Decreases by 2%
(d) Remains unchanged
(e) none of these

Answers will be provided soon:

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