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Q:

The profit earned by a shopkeeper by selling a bucket at a gain of 8% is Rs 28 more than when he sells it at a loss of 8%. The cost price (in Rupees) of the bucket is

A) 170 B) 190
C) 175 D) 165
 
Answer & Explanation Answer: C) 175

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

Mr. Kapur purchased two toy cycles for Rs 750 each. He sold these cycles, gaining 6% on one and losing 4% on the other. The gain or loss percent in the whole transaction is

A) 1% loss B) 1% gain
C) 1.5% loss D) 1.5 gain
 
Answer & Explanation Answer: B) 1% gain

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Q:

A shopkeeper buys a product of Rs 150 per Kg. 15% of product was damaged. At what price (per Kg) should he sell the remaining so as to earn a profit of 20%?

A) Rs. 207 B) Rs. 207 11/180
C) Rs. 211 13/17 D) Rs. 204 7/13
 
Answer & Explanation Answer: C) Rs. 211 13/17

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Q:

The ratio of cost price and selling price 25:26. The percent of profit will be

A) 26% B) 25%
C) 1% D) 4%
 
Answer & Explanation Answer: D) 4%

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Q:

In an exam, the avarage marks obtained by John in English, Maths, Hindi and Drawing were 50. His average marks in Maths, Science, Social Studies and Craft were 70. If the average marks in all seven subjects is 58, his score in maths was

A) 50 B) 52
C) 60 D) 74
 
Answer & Explanation Answer: D) 74

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Filed Under: Average
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Q:

A librarian purchased 60 story books for his library. But he found that he could get 4 extra books by spending Rs 336 more and then the overall average price per book would be reduced by Re 1. The previous average price of each book was

A) Rs 84 B) Rs 83
C) Rs 68 D) Rs 100
 
Answer & Explanation Answer: D) Rs 100

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Q:

A team of 8 persons joins in a shooting competition. The best marksman scored 85 points. If he had scored 92 points, the average score for the team would have been 84. The number of points the team scored was

A) 672 B) 665
C) 645 D) 588
 
Answer & Explanation Answer: B) 665

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Q:

A batsman has a certain average of runs for 12 innings. In the 13th inning he scores 96 runs thereby increasing his average by 5 runs. What will be his average after 13th inning?

A) 28 B) 32
C) 36 D) 42
 
Answer & Explanation Answer: C) 36

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