Quant Test of the Week for SBI PO

As we all know SBI PO is here and we are ready with the 80 days plan in which we provide you daily quizzes on new pattern questions with different topics that will help you to go through this exam.

So, here we are with the Most important questions of Profit and Loss/ Simple Interest/ Compound Interest.

Q1. A man sells an article at profit of 10%, if he had bought it at 5% less and sold it for Rs 160 more he would have made profit of 20%. Find the cost price of the article.

(a) Rs 4000

(b) Rs 8000

(d) Rs 7500

(e) None of these

Q2. A dealer sold a chair at a loss of 12%. Had he sold it for Rs 150 more, he would have lost 3%. For what value should he sell it in order to gain 8%?

(a) Rs 1600

(b) Rs 1800

(d) Rs 1500

(e) None of these

Q3. An article is sold at a profit of 14%. If both the cost price and selling price are Rs 132 less, the profit would be 12% more. Find the cost price.

(a) Rs 286

(b) Rs 268

(d) Rs 276

(e) None of these

Q4. A person sells his table at a profit of 12 (1/2)% and the chair at a loss of 10% but on the whole he gains Rs 9. On the other hand if he sells the table at a loss of 10% and the chair at a profit of 12 (1/2)% then he neither gains nor loses. Find the cost price of the table and the chair.

(a) Rs 210, Rs 170

(b) Rs 200, Rs 160

(d) Data inadequate

(e) None of these

Q5. Radha purchased 13 dozens pens at Rs 70 per dozen. He sold 10 dozens at 7% profit and the remaining 3 dozens at 10% loss. What is his profit percentage in this transaction?

(e) None of these

Q6. A bucket contains a mixture of two liquids A and B in the proportion 4 : 1. If 45 litres of the mixture is replaced by 45 litres of liquid B, then the ratio of the two liquids becomes 2 : 5. How much of the liquid B was there in the bucket? What quantity does the bucket hold?

(a) 56 litres, 70 litres

(b) 14 litres, 70 litres

(d) 18 litres, 90 litres

(e) None of these

Q7. Two candles of the same height are lighted at the same time. The first is consumed in 3 hours and the second in 1 hour. Assuming that each candle burns at a constant rate, in how many hours after being lighted, the ratio between the first and second candles become 2 : 1?

(a) 48 minutes

(b) 1 hour 36 min

(d) 60 minutes

(e) None of these

Q8. A, B and C invested capitals in the ratio 7 : 3 : 2. At the end of the business term, they received the profits in the ratio 2 : 3 : 7. Find the ratio of time for which they contributed their capitals.

(a) 49 : 14 : 4

(b) 4 : 49 : 14

(d) 41 : 49 : 4

(e) None of these

Q9. Two alloys contain silver and copper in the ratio 3 : 1 and 5 : 3. In what ratio of two alloys should be added together to get a new alloy having silver and copper in the ratio of 2 : 1?

(e) None of these

Q10. A puts Rs 280 more in a business than B, but B has invested his capital for 3 months while A has invested his for 4 months. If the share of A is Rs 55 more than that of B out of the total profits of Rs 245, find the total capital in the business.

(a) Rs 1520

(b) Rs 1800

(d) Data inadequate

(e) None of these

Q11. A loan of Rs 2550 is to be paid back in two equal half yearly instalments. How much is each instalment, if the interest is compounded half yearly at 8% per annum?

(a) Rs. 1250

(b) Rs. 1350

(d) Rs. 1275

(e) None of these

Q12. On what sum will the difference between the simple and compound interest for 3 years at 6 per cent per annum amount to Rs. 13.77?

(a) Rs 1250

(b) Rs 1320

(d) Rs 1150

(e) None of these

Q13. The compound interest on a certain sum for 2 years is Rs 60.60 and simple interest is Rs. 60. Find the rate of interest per annum and the sum.

(a) 2%, Rs 1600

(b) 2%, Rs 1400

(d) 2%, Rs 1500

(e) None of these

Q14. What sum of money will amount to Rs 699.66 in 2 years, reckoning compound interest for 1 year at 4 per cent and for the other at 3 (1/2) per cent per annum?

(a) Rs 560

(b) Rs 650

(d) Rs 580

(e) None of these

Q15. A merchant commences with a certain capital and gains annually at the rate of 25 per cent. At the end of 3 years he has worth Rs 10,000. What was the original capital?

(a) Rs 5120

(b) Rs 5220

(d) Rs 5130

(e) None of these