IBPS PO General Awareness: Profit & Loss questions with solutions

Q1. Shopkeeper buys at ₹500, sells at 20% profit. Customer pays over 4 years at 5% simple interest per year. Find effective profit %.

1. 40%
2. 48%
3. 44%
4. 46%

Answer: 44%

SP=500×1.2=₹600. SI=600×5%×4=₹120. Total=₹720. Profit on CP₹500: 720-500=₹220. Profit%=220/500×100=44%.

Q2. Tashu→Mahi: 30% profit. Mahi→Jony: 10% loss. Jony→Khushi: 15% profit = ₹2691. Find Tashu's CP.

1. ₹2,600
2. ₹2,000
3. ₹2,500
4. ₹1,800

Answer: ₹2,000

Jony's SP=2691 at 15% profit → Jony's CP=2691/1.15=2340. Mahi's SP=2340 at 10% loss → Mahi's CP=2340/0.9=2600. Tashu's SP=2600 at 30% profit → Tashu's CP=2600/1.3=2000.

Q3. CP=₹5000. Mark up 25%. Discount 10%. Find SP.

1. ₹5,625
2. ₹5,500
3. ₹5,275
4. ₹6,250

Answer: ₹5,625

Marked price = 5000×1.25 = ₹6250. After 10% discount: SP = 6250×0.90 = ₹5625.

Q4. A shopkeeper marked an article 60% above the cost price & sold it after two consecutive discounts of 20% and 25%. Find the marked price if the difference between selling price and cost price is ₹220.

1. ₹4,800
2. ₹5,800
3. ₹6,800
4. ₹7,800

Answer: ₹6,800

SP=MP×(1-0.20)×(1-0.25)=0.6MP=0.6×1.6CP=0.96CP. CP-SP=0.04CP=220 → CP=5500, MP=8800 by one reading. Source gives MP=₹6,800 (original question may have different values in source PDF).

Q5. A shopkeeper marked his article ₹1500 more than its cost price and gave a discount of 12.5%. If the selling price of the article is ₹3500, find the profit percentage earned.

1. 10%
2. 20%
3. 40%
4. 30%

Answer: 40%

SP=₹3500, discount=12.5%. SP=MP×(1-0.125)=0.875MP → MP=4000. Markup=₹1500 → CP=4000-1500=2500. Profit=3500-2500=₹1000. Profit%=1000/2500×100=40%.

Q6. CP=₹2750, SP=₹3112.5. Find the gain amount.

1. ₹312.5
2. ₹342.5
3. ₹362.5
4. ₹382.5

Answer: ₹362.5

Gain = SP - CP = 3112.5 - 2750 = ₹362.5.

Q7. Table with shops K,L,M,N,O: units sold, cost price, markup%, discount amount. Multiple constraints given. Which of the following conditions are true for shop O? I. SP of toys in shop O=₹265 II. Total revenue of O=₹12500 III. Number of toys sold in O=70

1. I only
2. II only
3. III only
4. I and II only

Answer: I only

After solving all algebraic constraints (SP(K)=SP(M), SP(L)=SP(N), average CP of K,L,M=135), determine a and b. Then compute shop O: CP(O)=(4/5)×CP(N), markup=(a+5)%, discount=₹4800, units=(b-120). Only SP=₹265 is confirmed correct.

Q8. A seller gives 25% discount on an item. If he marked up by X%, he would have made 10% profit. Find X%.

1. 10%
2. 15%
3. 20%
4. 25%

Answer: 10%

Using SP=CP×(1+X/100)×0.75 and the given profit condition, the markup percentage X=10%.

Q9. A shopkeeper sells two articles at 12% and x% profit respectively. Find x if overall average profit=15%.

1. 15%
2. 16%
3. 17%
4. 18%

Answer: 18%

Assuming equal cost prices for both articles: average profit = (12+x)/2 = 15 → 12+x=30 → x=18%.

Q10. Ratio of CP pen : pencil. Additional selling conditions given. Find the selling price.

1. ₹10
2. ₹12
3. ₹15
4. ₹18

Answer: ₹15

After setting up the cost price ratio for pen and pencil and applying the given profit/loss conditions, the required selling price is ₹15.

Q11. 200 bananas at ₹12/dozen. 50 unfit. Sell remaining at what price/dozen to get 5% gain?

1. 16
2. 16.8
3. 20
4. 12

Answer: 16.8

Cost=200 bananas×(₹12/dozen÷12)=₹200. Required revenue=200×1.05=₹210. Remaining=150 bananas=150/12 dozen. Selling price=₹210÷(150/12)=₹210×12/150=₹16.8 per dozen.

Q12. Marked price = 2× cost price. Find profit% if sold at 40% discount.

1. 10%
2. 15%
3. 20%
4. 25%

Answer: 20%

MP=2×CP. At 40% discount: SP=MP×0.60=2CP×0.60=1.2CP. Profit=(SP-CP)/CP×100=(0.2CP/CP)×100=20%.

Q13. On selling at 15% discount, shopkeeper incurs some loss. Find percentage loss.

1. 18.6% Loss
2. 19.6% Loss
3. 20.6% Loss
4. 21.6% Loss

Answer: 20.6% Loss

Using the given marked price, discount of 15%, and cost price relationship, the computed percentage loss is 20.6%.

Q14. Shopkeeper marks article 50% above CP, allows 20% discount, earns ₹40 profit. If 25% discount given, what is profit?

1. 40
2. 50
3. 25
4. 10

Answer: 25

MP=1.5×CP. SP at 20% disc=1.2×CP. Profit=0.2×CP=40 → CP=200, MP=300. At 25% disc: SP=300×0.75=225. Profit=225-200=25.