This document contains 20 problems related to profit and loss calculations. The problems cover various profit and loss concepts like percentage profit/loss, successive discounts/increases, cost price, selling price, marked price, dishonest dealers, and overall profit/loss calculations for transactions involving multiple items sold at varying profit/loss percentages. For each problem, the correct answer is provided. The document aims to help students practice solving different types of quantitative reasoning and profit/loss word problems.

1. Bank Exams and SSC
Profit and loss – Concept Session
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2. www.georgeprep.com
Topics Break-up
Percentage –Fraction Relationship
Percentage Change calculations
Successive Increases/decreases
Product Constancy
Partnerships
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3. www.georgeprep.com 9985-372-371
Marked Price/List Price
Selling Price
Cost price
3Terminology

4. Profit/Loss/Discount/Markup Percentage
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Significant Ratio
Profit Percentage 𝑃𝑟𝑜𝑓𝑖𝑡
𝐶𝑃
𝑥 100
𝑆𝑃 − 𝐶𝑃
𝐶𝑃
𝑥 100
𝑆𝑃
𝐶𝑃
Loss Percentage 𝐿𝑜𝑠𝑠
𝐶𝑃
𝑥 100
𝐶𝑃 − 𝑆𝑃
𝐶𝑃
𝑥 100
𝑆𝑃
𝐶𝑃
Discount
Percentage
𝐷𝑖𝑠𝑐𝑜𝑢𝑛𝑡
𝑀𝑃
𝑥 100
𝑀𝑃 − 𝑆𝑃
𝑀𝑃
𝑥 100
𝑀𝑃
𝑆𝑃
Markup
Percentage
𝑀𝑎𝑟𝑘𝑢𝑝
𝐶𝑃
𝑥 100
𝑀𝑃 − 𝐶𝑃
𝐶𝑃
𝑥 100
𝑀𝑃
𝐶𝑃
4

5. Profit and Loss - Problems
An article is sold at a profit of 20%. If it had been sold at a
profit of 25%, it would have fetched Rs. 35 more. The cost price
is
1. 650
2. 700
3. 750
4. 800
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SSC CGL Prelims
(2004)
Answer: option 2

6. Profit and Loss - Problems
A sells an article to B at a profit of 10%. B sells the same article
back to A at a loss of 10%. In this transaction:
1. A neither loses nor gains
2. A makes a profit of 11%
3. A makes a profit of 20%
4. B loses 20%
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6
SSC CGL Prelims
(2008)
Answer: option 2

7. DISHONEST DEALER
QUESTIONS
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8. Shortcut
𝑃𝑟𝑜𝑓𝑖𝑡 % =
𝑇𝑟𝑢𝑒 𝑊𝑒𝑖𝑔ℎ𝑡 − 𝐹𝑎𝑙𝑠𝑒 𝑊𝑒𝑖𝑔ℎ𝑡
𝐹𝑎𝑙𝑠𝑒 𝑊𝑒𝑖𝑔ℎ𝑡
× 100
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9. Dishonest Dealer - Problems
A dishonest dealer professes to sell his goods at cost price but
uses a weight of 875gm for a kg weight. His gain in percentage
is
1. 17%
2. 14%
3. 14
2
7
%
4. 14
5
7
%
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SSC CGL
(2016)
Answer: option 3

10. Dishonest Dealer - Problems
A vegetable seller sells his vegetables at 20% profit. At the same
time he uses false weights, which is 10% less than the actual
weight. What will be his actual gain percentage?
1. 25%
2. 30%
3. 33.33%
4. 18
7
9
%
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SSC
(2016)
Answer: option 3

11. Profit and Loss - Problems
If on selling 12 notebooks any seller makes a profit equal to
selling price of 4 notebooks. What is his profit percent?
1. 50%
2. 25%
3. 16.66%
4. Data inadequate
5. None of these
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SBI PO
(2006)
Answer: option 1

12. Profit and Loss - Problems
A shopkeeper bought a table marked at Rs.200/ at successive discount
of 10% and 15% respectively. He spent Rs.7/ on transport and. sold
the table for Rs.208/-. What will be his profit percentage?'
1. 30%
2. 40%
3. 35%
4. 45%
5. 32%
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IBPS PO Main
(2015)
Answer: option 1

13. Profit and Loss - Problems
A trader has 600 kg of rice, 3 part of which he sells at 15% profit and
the remaining quantity at 20% loss. 0n the whole, he incurs an overall
loss of 6%. What is the quantity of rice he sold at 20% loss?
1. 250 kg
2. 320 kg
3. 420 kg
4. 360 kg
5. 480 kg
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IBPS PO Main
(2015)
Answer: option 4

14. Profit and Loss - Problems
A shopkeeper sells two watches for Rs. 308 each. On one he gets 12% profit
and on the other 12% loss. His profit or loss in the entire transaction was :
1. 1
11
25
% loss
2. 1
11
25
% gain
3. 3
11
25
% loss
4. 3
11
25
% gain
5. None of these
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IBPS PO
(2013)
Answer: option 1

15. Profit and Loss - Problems
‘A sold an article for Rs. 8000 and incurred a loss. Had he sold
the article for Rs. 9800 his gain would have been twice the
amount of loss. At what price should the article be sold to earn
20% profit ?
1. 10840
2. 9820
3. 10320
4. 9840
5. 10480
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IBPS PO Prelims
(2015)
Answer: option 3

16. Profit and Loss - Problems
A trader has 400kg of rice. He sells a part of it at a profit of 36%
and remaining part at a loss of 24%. His overall losses 12% in
the whole transaction. Find the quantity of rice sold at 24%
loss?
1. 320kg
2. 330kg
3. 300kg
4. 350kg
5. None of these
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IBPS PO Prelims
(2015)
Answer: option 1

17. Profit and Loss - Problems
Arunika bought some articles and sold half of them at Rs.
22,103 thereby making a profit of 15%. At what price should
she sell the rest of them so as to earn an overall profit of 25%?
1. Rs. 25,947
2. Rs. 24,682
3. Rs. 27,130
4. Rs. 23,528
5. Rs. 26240
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IBPS PO Prelims
(2015)
Answer: option 1

18. Profit and Loss - Problems
A shopkeeper allows a discount of 20% on Marked price and
earns a profit of 25%. If profit is Rs. 24, what is Marked Price?
1. Rs. 180
2. Rs. 160
3. Rs. 140
4. Rs. 150
5. None of these
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Bank Clerks
(2015)
Answer: option 4

19. Profit and Loss - Problems
Vishwas sold an item for Rs. 7,200 and incurred a loss of 20%.
At what price should he have sold the item to have gained a
profit of 20%?
(a) Rs. 10,800
(b) Rs. 8,950
(c) RS. 11,200
(d) Cannot be determined
(e) None of the above
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IBPS Bank Clerks
(2011)
Answer: option 1

20. Profit and Loss - Problems
Sujit incurred a loss of 45 percent on selling art article for Rs.
3,740. What was the cost price of the article ?
1. 5080
2. 5725
3. 6250
4. 6400
5. None of these
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IBPS Bank Clerks
(2011)
Answer: option 5