Bank Clerk Questions and Answers with Explanation, Job Roles

Q:

A car mechanic purchased four old cars for Rs. 1 lakh. He spent total 2 lakh in the maintenance and repairing of these four cars. what is the average sale price of the rest three cars to get 50% total profit if he has already sold one of the four cars at Rs. 1.2 lakh?

A) 1.5 lakh	B) 1.1 lakh
C) 1.2 lakh	D) 1.65 lakh

Answer & Explanation Answer: B) 1.1 lakh

Explanation:

Total cost of 4 cars = 1+2 = 3 lakh

Total S.P of 4 cars = 3 x 1.5 = 4.5 lakh ( $S i n c e S . P = \frac{(100 + G a i n %)}{100} x C . P$ )

S.P of 1 car = 1.2 lakh

S.P of rest 3 cars = 4.5 - 1.2 = 3.3 lakh

Average S.P of all the 3 cars = 1.1 lakh

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Q:

A, B and C invest in the ratio of 3 : 4: 5. The percentage of return on their investments are in the ratio of 6 : 5 : 4. Find the total earnings, If B earns Rs. 250 more than A :

A) Rs. 6000	B) Rs. 7250
C) Rs. 5000	D) None of these

Answer & Explanation Answer: B) Rs. 7250

Explanation:

A B C

investment 3x 4x 5x

Rate of return 6y% 5y% 4y%

Return $\frac{18 x y}{100} \frac{20 x y}{100} \frac{20 x y}{100}$

Total = (18+20+20) = $\frac{58 x y}{100}$

B's earnings - A's earnings = $\frac{2 x y}{100}$ = 250

Total earning = $\frac{58 x y}{100}$ = 7250

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Q:

Rahul went to purchase a Nokia mobile handset, the shopkeeper told him to pay 20% tax if he asked the bill. Rahul manages to get the discount of 5% on the actual saleprice of the mobile and he paid the shopkeeper Rs. 3325 without tax. Besides he manages to avoid to pay 20% tax on the already discounted price, what is the amount of discount that he has gotten?

A) 750	B) 375
C) 875	D) 525

Answer & Explanation Answer: C) 875

Explanation:

CP = 100, SP (with tax) =120

New SP = 100 - 5 = 95

Effective discount = 120 - 95 = 25

So, at SP of 95 ----> discount = 25

and at SP of 3325 -----> discount = $\frac{25}{95} \times 3325 = 875$

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Q:

Due to reduction of 25% in price of oranges a customer can purchase 4 oranges more for Rs. 16. what is original price of an orange?

A) Rs 1	B) Rs 1.33
C) Rs 1.5	D) Rs 1.6

Answer & Explanation Answer: B) Rs 1.33

Explanation:

Recall it is based on inverse proportion or product constancy concept.

Reducion in price increase in amount

25% 1/4 1/3 33.33% = 4 oranges

It means original number of oranges = 4 x 3 = 12

original price of oranges = 16/12 = Rs. 1.33

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Q:

A trader sold an article at a loss of 5% but when he increased the selling price by Rs.65 he gained 3.33% on the cost price. If he sells the same article at Rs. 936, what is the profit percentage?

A) 15%	B) 16.66%
C) 20%	D) data insufficient

Answer & Explanation Answer: C) 20%

Explanation:

103.33 CP- 0.95 CP = 65

CP = Rs. 780

profit (%) = (936 - 780)/780 x 100 = 20%

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Q:

ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. What is the loss incurred by ITC?

A) 1%	B) 2%
C) 4%	D) 0%

Answer & Explanation Answer: C) 4%

Explanation:

loss % = ${(\frac{c o m m o n g a i n o r l o s s}{10})}^{2}$ %

= (20/10)x(20/10)% = 4%

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Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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Q:

A person sold two cows each for Rs.9900. If he gained 10% on one and lost 20% on the other, then which of the following is true?

A) He Gained Rs. 200	B) He lost Rs. 200
C) He neither gained nor lost	D) None of the above

Answer & Explanation Answer: D) None of the above

Explanation:

The CP of profitable cow = 9900/1.1 = 9000

and profit = Rs. 900

The CP of loss yielding cow = 9900/0.8 = 12375

and loss = Rs. 2475

so, the net loss = 2475 - 900 = 1575

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Q:

The ratio of cost price and marked price of an article is 2:3 and ratio of percentage profit and percentage discount is 3:2 . what is the discount percentage?

A) 16.66%	B) 20%
C) 25%	D) 33.33%

Answer & Explanation Answer: A) 16.66%

Explanation:

CP : MP = 2x : 3x

=> Profit = x

( %) profit : (%) discount = 3:2

Let CP = 2000, SP = 300

But $\frac{3 x}{100} \times 200 + \frac{2 x}{100} \times 300 = 100$

=> x = 8.33%

Discount 2x = 16.66%

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Filed Under: Indian Politics
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