Profit and Loss is a topic that makes up a major question section in the Kerala PSC Examination and other competitive exams like SSC and IBPS. In this article, we will discuss Profit and Loss Problems for Kerala PSC.
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Profit and Loss Problems for Kerala PSC
Given below are some Profit and Loss Problems which might appear in the Kerala PSC exam.
1. What is the profit percentage if you buy for Rs. 400 and sell for Rs. 560?
A. 40%
B. 30%
C. 50%
D. 25%
Answer: A
Explanation:
Profit% = Profit / Purchase Price x 100
Here the profit = 560-400 = 160 Then 160 / 400 X 100 = 40%
2. One person bought 5 dozen oranges out of 36 dozen. 10 of them were rotten. What is the profit or loss if the remaining oranges are sold at Rs 4 per kg?
A. 11% profit
B. 11 1/9% profit
C. 12% loss
D. 12 1/9% loss
Answer: B
Explanation:
1 dozen (12 Nos) = Rs 5 dozen (60 Nos) = 36 * 5 = 180 rupees (purchase price) 60-10 = 50 minus 10 rotten
Then 50 * 4 = 200 (selling price) Profit = 200-180 = 20 Profit percentage = 20/180 * 100 = 11 1/9%
3. Deepak bought 20 kg of sugar at Rs 5 per kg and added 30 kg of sugar at Rs 6 per kg. What is the profit or loss percentage if the e mixture is sold at Rs. 7 per kg?
A. 20% loss
B. 25% profit
C. 30% loss
D. 35% profit
Answer: B
Explanation:
20 Kg x 5 = 100 + 30 Kg x 6 = 180 So, 50 Kg = 280 (purchase price)
When 50 Kg mixture is sold at Rs.7 per kg = 50 * 7 = Rs.350 (selling price)
Profit = 350-280 = 70 Profit percentage = 70/280 * 100 = 25%
4. What is the profit or loss if the purchase price of 20 eggs is equal to the sale price of 25 eggs?
A. 20% loss
B. 25% profit
C. 30% loss
D. 35% profit
Answer: A
Explanation:
Percentage of profit or percentage of loss if the purchase price of X is equal to the sale price of Y = X-Y / Y * 100 (Answer +ve profit if +ve number, loss if -ve number)
Then 20-25 / 25 * 100 = -20% (loss)
5. What is the profit margin if a trader sells 33 garments and makes a profit of 11 garments?
A. 30%
B. 40%
C. 50%
D. 60%
Answer: C
Explanation:
If the price of Y is profitable when the number X is sold Profit percentage = Y / X-Y * 100 Percentage loss = Y / X + Y * 100
Here we have to look at the percentage of profit then 11/22 * 100 = 50% profit
6. What is the discount percentage if you get 2 pens for free when you buy 12 pens?
A. 12 2/5
B. 14 2 / 7
C. 15 3/4
D. 16 2/6
Answer: B
Explanation:
Discount percentage if you get Y number for free when you buy X number = Y / X + Y * 100
SO, 2/12 + 2 * 100 = 14 2/
7. What is the profit/loss percentage if a person buys 11 oranges for 10 rupees and sells 10 oranges for 11 rupees?
A. 17% profit
B. 21% profit
C. 23% loss
D. 25% loss
Answer: B
Explanation:
Profit/loss percentage if a number is bought at b price and c number is sold at d price = ad -bc/bc * 100 11 * 11-10 * 10/10 * 11 = 21% profit
8. If a TV set sells for Rs. 9720 and earns 8% profit, what is the purchase price?
A. 6000
B. 7000
C. 8000
D. 9000
Answer: D
Explanation:
Purchase price = sale price * 100 / (100+ percent profit) Purchase price = sale price * 100 / (100 percent loss)
Here the profit is So, the purchase price = 9720 / (100 + 8) * 100 = 9000 Rs
9. When Raju sold a mobile phone for Rs 1950, he lost 25%. How much do you have to sell to get 30% profit?
A. 3000
B. 3250
C. 3380
D. 3420
Answer: C
Explanation:
Percentage of sale / loss * Percentage of profit to be received = 1950 / (100-25) * 130 = 3380 10.
10. The profit per person selling an item for Rs.540 is equal to the loss from selling it for Rs.480. If so, what is the purchase price?
A. 480
B. 500
C. 510
D. 520
Answer: C
Explanation:
Purchase amount equal to profit on sale for Rs X and loss on sale for Y = X + Y / 2 Here 540 + 480/2 = 510 Rs
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