I. B. S. INSITITUTE OF BANKING SERVICES SERVICES
PROFIT & LOSS PROFIT & LOSS 1.
2.
.
.
A ma man buys a toy fo for Rs Rs 25 25 and se sells it it for Rs !. Find "is #ain $er %ent. a'2!( b' 25( %' 1!( d' !( An ar arti%le )a )as so sold fo for an an am amount of of Rs Rs 1!2!*+. If it )as bou#"t for Rs 12!!*+ t"en ,nd t"e loss ( in%urred in t"e deala' !( b' 1!( %' 15( d' 2!( A man buys an arti%le for Rs !!*+ and sells it at #ain of !(. Find t"e sellin# $ri%e of t"e arti%lea'Rs /!! b' Rs. 01! %' Rs 50! d' Rs !! By sellin# a %"air for Rs. 523 a man #ains !(. T"e %ost $ri%e of t"e %"air is4 1. ! 2. !! . ! .
one 5. Amit so sold an umbrella fo for Rs. /!3 losin# 15(. T"e %ost $ri%e of t"e umbrella is4 1. /2 2. /!! . 5/ . one . T"e o)ner of a $"one s"o$ %"ar#es "is %ustomer 25( more t"an t"e %ost $ri%e. If a %ustomer $aid Rs./!!*+ for t"e $"one3 t"en )"at )as t"e %ost $ri%e of t"e $"one1' 1' Rs. Rs.! !!* !*++ 2' 2' Rs. Rs.1 1!* !*++ ' ' Rs. Rs. !* !*++ ' Rs.5 Rs.5!* !*++ 5' one one of t"ese t"ese . Tina sold an item for Rs. 135!!*+ at a $ro,t of 25(. At )"at %ost )ill s"e "a6e to sell it to #et a $ro,t of 5( 1'Rs.1!*+ 2' Rs.13!*+ ' Rs.135!*+ ' Rs.13!*+ 5' one of t"ese /. If man )ere to sell "is %"air for 2!3 "e )ould loss 25(. To #ain 25( "e s"ould sell it for4 1. 12!! 2. 1!!! . 0! . 0!! 0. On sell selliin# an arti% rti%le le for for /3 one lo loses ses 2!(. In order to #ain 2!(3 )"at )ould be sellin# $ri%e. 1. 52 2. 5 . / . 2 1!. 1!. 7ira 7iran n sol sold d an an ite item m for for Rs /31 /31!* !*++ and and in%urred a loss of 15(. At )"at $ri%e s"ould s"e "a6e sold t"e item to "a6e #ained a $ro,t of 25( 1' Rs. 1232!!*+ 2' Rs. 123!!*+ ' Rs. 13!!!*+ ' 8annot be determined 5' one one of t"ese 11. A man sells "is ty$e)riter at 5( loss. If "e sells it for Rs. /! more3 "e #ains 5(. T"e %ost $ri%e of t"e ty$e)riter is4 1.Rs. 1!! 2. Rs.12!! .Rs. 1!!! .Rs. /!! 12. 12. A man man sold sold an arti arti%l %le e at at a loss loss of 2!(. 2!(. If "e sells t"e arti%le for Rs. 12 more3 "e )ould "a6e #ained 1!(. T"e %ost $ri%e of t"e arti%le is4
1.Rs. ! 2. Rs. ! . Rs. ! . Rs. 22 1. 1. A man man sell sells s an an art arti% i%le le at a los loss s of of 1!( 1!(.. 9ad "e sold it for Rs. 112 more: "e %ould "a6e #ained (. ;"at is t"e %ost $ri%e of t"e arti%le1. Rs. !! !! 2. Rs Rs.. 5! 5! . Rs Rs.. 2 2 . one 1. Total %ost of 2 P8s and T< sets is Rs.0!3!!!*+ ;"at is t"e total %ost of P8s and 0 T< sets 1' 1' Rs. Rs. 23! 23!3! 3!!! !!*+ *+ 2' 2' Rs. Rs. 3 3!3 !3!! !!!* !*++ ' Rs.2353!!!*+ ' 8annot be determined 5' one of t"ese 15. 15. T"e T"e %ost %ost of 0 unit units s of )"it )"ite e $a$ $a$er er and and 12 units of bro)n $a$er is Rs 1/*+. ;"at )ill be %ost of 2 units of )"ite $a$er and units of bro)n $a$er 1' Rs. 0*+ 0*+ 2' Rs. 05* 05*++ ' Rs. 050* 050*++ ' Rs. 001 001 5' one one of t"es t"ese e 1. 1. T"e T"e %os %ostt of of ba#s ba#s and and 12 12 $ur $urse ses s is is Rs. Rs. 1352!*+ 1352!*+ )"at is t"e %ost of 1! ba#s and ! $urses 1' Rs.3!!1*+ 2' Rs.35!!*+ ' Rs. 3!!!*+ ' Rs.30!!*+ 5' one of t"ese 1. T"e total %ost of t"e 12 =# of ri%e is Rs. 2*+ and t"e total %ost of t"e 15 =#. of $ulse is Rs4 5*+ ;"at is t"e ratio bet)een t"e %ost of t"e 2 =#. of $ulse and one =# of ri%e res$e%ti6ely 1' /4 2' 45' 4 5 ' 542 5' 54/ 1/. 1/. T"e T"e %os %ostt of of =#s =#s.. of of ri% ri%e e is is Rs. Rs. 2* 2*+3 +3 t"e %ost of 12 =#s. of )"eat is Rs 2*+ and t"e %ost of 1/ =#s. of su#ar is Rs 5!*+. ;"at is t"e total %ost of 2! =#s. of ri%e315 =#s3 of )"eat and 1 =#s. of su#ar 1' Rs.13/0/*+ 2' Rs.130/*+ ' Rs.23!2!*+' Rs.130*+ 5' one of t"ese 10. T"e %ost of 1! $ens is e>ual to sellin# $ri%e of 12 $ens. ;"at is t"e $ro,t or loss ( in%urred 1' 25( 2' 2!( ' 1.( ' 15( 5' one of t"ese 2!. T"e %ost $ri%e of 2! arti%les is same as sellin# $ri%e of 1 arti%les. Find t"e ( $ro,t or loss. 1' 25( 2' 2!( ' 1.( ' 15( 5' one of t"ese 21. 21. Sell Sellin in# # $ri% $ri%e e of m 8lot 8lot" " ? %ost %ost $ri%e of 55 m 8lot". @ain $er%ent is. 1
1. 2!(
22. 22.
2. 25(
.
3
. 1! ( By sell sellin in# # ora oran# n#es es a 6en 6endo dor r los loses es t"e sellin# $ri%e of oran#es. 9is loss $er%ent is4
I. B. S. INSITITUTE OF BANKING SERVICES
PROFIT & LOSS 0.
1
1. 12 (
2. 11
9
. 1!(
. one 2. By sellin# 1!! $en%ils a s"o$=ee$er #ains t"e sellin# $ri%e of 2! $en%ils. 9is #ain $er%ent is4 1. 25( 2. 2!( . 15( . 12( 2. By sellin# m of %lot" Rames" #ained t"e %ost $ri%e of 11m. T"e #ain $er%ent is4 1. 1!( 2. 2!( . 25( 1
. 3 25.
Ra6i buys some toees at 2 for a ru$ee and sells t"em at 5 for a ru$ee. 9is loss $er%ent is4 1. 12!( 2. 0!( . !( . !( 2. A fruit seller buys lemons at 2 for a ru$ee and sells t"em at 5 for ru$ees. 9is #ain $er%ent is4 1. 1!( 2. 15( . 2!( . 25( 2. Oran#es are bou#"t at 5 for Rs. 1! and sold at for Rs. 15. 9is #ain $er%ent is4 1. 5!( 2. !( . 5( . 25( 2/. If a man $ur%"ases 11 oran#es for Rs 1! and sells 1! oran#es for Rs 11. 9o) mu%" $ro,t or loss does "e ma=ea' Pro,t 21( b' %' d' 20. A man $ur%"ases / $ens for Rs.0 and sells 0 $ens for Rs./. 9o) mu%" $ro,t or loss does "e ma=e a' b' %' d' 1. A 6endor bou#"t toees at for a ru$ee. 9o) many for a ru$ee must "e sell to #ain 2!(1. 2. . 5 . one 2. A 6ender sells toees at 2 for a ru$ee losin# 2!( . 9o) many for a ru$ee "e must sell to #ain 2!( 1. 2! 2.1 .15 .1/ . A $erson buys 25 $ens in a %ertain amount. 9o) many s"ould "e sell in t"e same $ri%e to #ain 25(. 1' ! 2' 25 ' 2! ' 1/ 5' one of t"ese A $erson sells ! arti%les for a ru$ee. 9o) mu%" "e )ould "a6e bou#"t in a ru$ee if "e #ained 1!(. 1' 2' 5! ' 5 ' 5' one of t"ese 5. T"e $ro,t earned after sellin# an arti%le for Rs. 25 is t"e same as loss in%urred after sellin# t"e arti%le for Rs. 5. T"e %ost $ri%e of t"e arti%le is4 1.Rs. 52! 2.Rs. 5! .Rs. 5! .Rs. 55! .
A sold a )at%" to B at 2!( #ain and B sold it to 8 at a loss of 1!(. If 8 bou#"t t"e )at%" for Rs. 213 at )"at $ri%e did A $ur%"ase it1.Rs. 2!! 2.Rs. 21 .Rs. 25! .Rs. 1 !. A sells a bi%y%le to B at a $ro,t of !( and B sells it to 8 at a loss of 2!(. If 8 $ays Rs 52! for it3 at )"at $ri%e did A buy a' b' %' 5!! d' 1. If t"e manufa%turer #ains 1!(3 t"e )"olesale dealer 15( and t"e retailer 25(3 t"en t"e %ost of $rodu%tion of an arti%le3 )"ose retail $ri%e is Rs. 1253 is4 1. 2.5! 2. /!! . /1 . / . 2. A $erson bou#"t t)o )at%"es for Rs /!. 9e sold one at a loss of 15( and t"e ot"er at a #ain of 10( and "e found t"at ea%" )at%" )as sold at t"e same $ri%e. Find t"e %ost $ri%es of t"e t)o )at%"es. a'2!31! b'2/!32!! %'!!31/! d' 2!!3 2/! . A dealer $rofessin# to sell "is #oods at %ost $ri%e uses 0!! #m )ei#"t for 1=#. 9is #ain $er%ent is4 1. 0( 2. 1!( . 11( 1
. 11 .
9
A seller uses /! #m in $la%e of one =# to sell "is #oods. Find "is a%tual ( $ro,t or loss )"en "e sells "is arti%le on ( loss on %ost $ri%e. a'12.5( b' 1.( %'1.2/( d' 1.5( . A s"o$=ee$er mar=s "is #oods to #ain 5(. But "e allo)s 1!( dis%ount for %as" $ayment. 9is $ro,t $er%ent is4 1. 1 ( 2. 21 ( . 25( . 1 ( /. A traderCs mar=ed $ri%e is !( abo6e %ost $ri%e. 9e allo)s "is %ustomers 1!( dis%ount on t"e mar=et $ri%e. ;"at $ro,t does "e ma=e1. 1( 2. 1( . 1/( . 10( 0. A s"o$=ee$er %laims to sell "is arti%les at a dis%ount of 1!(3 but mar=s "is arti%les by in%reasin# t"e %ost of ea%" by 2!(. 9is #ain $er%ent is4 1. ( 2. /( . 1!( . 12( 5!. Su%%essi6e dis%ounts of 1!( and 2!( are e>ui6alent to a sin#le dis%ount of4 1. 15( 2. 2/( . !( . one 51. A sin#le dis%ount e>ui6alent to su%%essi6e dis%ounts of !(3 2!( and 1!( is4 1. 5!( 2. 51( . 0.( . 0.( 52. A %om$any oers t"ree ty$es of su%%essi6e dis%ounts. 1st4 25( and 15(
I. B. S. INSITITUTE OF BANKING SERVICES
PROFIT & LOSS : 2nd4 !( and 1!(: rd4 5( and 5(. ;"i%" oer is better for a %ustomer1. 1st 2. 2nd . r . All are e>ual 5. A dealer oers a dis%ount of 1!( on t"e mar=ed $ri%e of an arti%le and still ma=es a $ro,t of 2!(. If its Dar=ed $ri%e is Rs. /!!3 and t"en t"e %ost $ri%e is1.Rs. !! 2.Rs. !! .Rs. /!! .Rs. 0!! 5. A sofa set %arryin# a sale $ri%e ti%=et of 5!!! is sold at a dis%ount of ( t"ereby #ainin# 2!(. T"e retailerCs %ost $ri%e of sofa set is4 1. Rs. !! 2.Rs. /!! .Rs. !!! .Rs. 2!! 55. A dealer oers a dis%ount of 1!( on t"e mar=ed $ri%e of an arti%le and still ma=es a $ro,t of /(. ;"at $er%ent more is t"e mar=ed $ri%e from %ost $ri%e1. 2!( 2.!( .1/( . 25( .
A mil=man buys some mil=. If "e sells it at Rs 5 a litre3 "e loses Rs 2!!3 but )"en "e sells it at Rs a litre3 "e #ains Rs 15!. 9o) mu%" mil= did "e $ur%"asea'2!!lt b' 5! lt %' 5! lt d' !!lt
1.
2.
Ram bou#"t 1!! e##s at Rs. .5 $er doEen. 9e sold 0!! of t"em at 2 for Rs 1 and t"e remainin# at 5 for Rs. 2. 9is #ain $er%ent is4 1. !( 2. 5( . 2( . ( A radio is sold for Rs. 00! at a $ro,t of 1!(. ;"at )ould "a6e been t"e #ain or loss $er%ent3 "ad it been sold for Rs. /0!1
1. loss3 1!(
2. @ain3 1
.
9
1
loss3 1 .
. Loss3 1(
9
T"e sellin# $ri%e of an arti%le is * times its %ost $ri%e. T"e #ain $er%ent is4 1
1. 2! 3
2. 2! (
. 25 (
1
. 3 .
By sellin# 55m of %lot" ram loss t"e %ost $ri%e of 11m. T"e loss $er%ent is. 1. 1!( 2. 2!( . 25( 1
. 3 5.
Ans)er +4 1 2
5
/
0
1
2
2
1
1
1 ! 5
1 1
1 2 2
1 1
1 5
1 5 5
1 5
1
1 / 5
1 0
2 ! 1
2 1 2
2 2 2
2 2
2
2 5
2
2
2 / 1
2 0
!
1
2 2
5 2
1
/
0 1
! 1
1 2
2 2
5
5
2
/ 2
0 2
5 !
5 1
5 2 1
5 1
5
5 5 1
5
5 2
5 /
5 0 2
! 1
1 2
2
5 1
2
If an arti%le is sold at a #ain of 5( instead of bein# sold at a loss of 5(3 one #ets Rs. 5 more. ;"at is t"e %ost $ri%e of t"e arti%le1. Rs. 1!! 2. Rs. 1!5 . Rs. 11! .Rs. 5! . By sellin# a ta$e+re%order for Rs. 05!3 I lose 5(. ;"at $er%ent s"all I #ain by sellin# it for Rs. 1!!1. ( 2. .5( . 5( . 0( . A dis"onest s"o$=ee$er $retends to sell "is #oods at %ost $ri%e but uses 1
false )ei#"t and #ains 11
/.
. For a
)ei#"t of 1=# "e uses4 1. a )ei#"t of /5 #m 2. A )ei#"t of 0!!#m . A )ei#"t of 05! #m . one A dis"onest dealer sells #oods at 1 4
( loss on %ost $ri%e but uses 1
#ms instead of 1 #ms. ;"at is "is $er%enta#e $ro,t or loss1.
0. 9ome Assi#nment
9
7
1 7
(
2. .5(
. 5(
. 0( A ma%"ine )as sold at a #ain of 1!( "ad it been sold at Rs. /! less3 t"e seller )ould "a6e lost 1!(. ;"at is t"e %ost $ri%e of t"e ma%"ine-
I. B. S. INSITITUTE OF BANKING SERVICES
PROFIT & LOSS 1. Rs. 5! 2. Rs. !! .Rs. 5! .Rs. 52! 1!. ita blends t)o 6arieties of tea G one %ostin# Rs. 1/! $er =# and anot"er %ostin# Rs. 2!! $e =# in t"e ration 543 if s"e sells t"e blended 6ariety at Rs. 21! $er =#3 t"en "er #ain is4 1. 1!( 2. 11( . 12( . 1( 11. By usin# a false )ei#"t a dealer defrauds "is %ustomers by 5( in $ur%"asin# and by 5( in sellin#. 9is #ain $er%ent is4 1. 1!( 2. 2.5( . 1!.25( 10
. 11
19
(
12.
Dr. AHay bou#"t a %ar at 15( dis%ount on ori#inal %ost. 9e t"en sold it )it" 2!( $ro,t on its $ur%"ase $ri%e. ;"at $er%enta#e $ro,t did "e ma=e on t"e ori#inal $ri%e1. 2( 2. 5( . 12( . 1( 1. T)o+t"irds of a %onsi#nment )as sold at a $ro,t of ( and t"e rest at a loss of (. If t"ere )as an o6erall $ro,t of Rs. 5!3 t"e 6alue of t"e %onsi#nment )as4 1. 15!!! 2. 1!!! . 1/!!! . one 1. T"e ratio of %ost $ri%e and sellin# $ri%e of an arti%le is 2!421. ;"at is $ro,t $er%ent on it1. 5( 2. 5.5( . ( . .25( 15. If a )at%" is sold at Rs. ! 3 t"ere is a loss of 15(. For a $ro,t of 2( t"e )at%" is to be sold at4 1. Rs. ! 2.Rs. 2 .Rs. 5 . Rs. /5 1. A man sells tea at 1!( $ro,t and uses a )ei#"t )"i%" is 2!( less t"an t"e a%tual measure. 9is #ain $er%ent is4 1. !( 2. 5( . ( . one 1.
A dealer buys an arti%le mar=ed at Rs. 25!!! )it" 2!( and 5( o. 9e s$ends Rs. 1!!! on its re$airs and sells it for Rs. 25!!!. ;"at is "is #ain or loss $er%ent1. Loss of 25( 2. @ain of 25( . @ain of 1!( . Loss of 1!( 1/. AHay $ur%"ased a T.<. set at 2!( dis%ount. If "e #ets a dis%ount of 25(3 "e sa6es Rs. 1/!!. for "o) mu%" does "e $ur%"ase t"e T.< set1. !!! 2. 12!! . 2//!! . 2!!! 10. A s"o$=ee$er oers "is %ustomers 1!( dis%ount and still ma=es a $ro,t of 2(. ;"at is a%tual %ost of an arti%le for "im mar=ed 2/!1.Rs. 15 2.Rs. 2!! .Rs. 215 .Rs. 225
2!.
A seller allo)s a dis%ount of 5( on a )at%". If "e allo)s a dis%ount of (3 "e earns Rs. 15 less in t"e $ro,t. ;"at is t"e mar=ed $ri%e1.Rs. 0.5 2.Rs. 12.5 .Rs. 5! .Rs. /1.5 21. T"e mar=ed $ri%e of an ele%tri% irom is Rs. 0!. T"e s"o$=ee$er allo)s a dis%ount of 1!( and #ains /(. If no dis%ount is allo)ed "is #ain $er%ent )ould be4 1. 2!( 2. 2( . 25( . 2/( 22. A trader mar=s "is #oods at su%" a $ri%e t"at "e %an dedu%t 15( for %as" and yet ma=e 2!( $ro,t. T"e mar=ed $ri%e of an item )"i%" %ost "im Rs. /53 1. 05 2. 1!5 . 12! . 15 2. A s"o$=ee$er earns a $ro,t of 12( on sellin# a boo= at 1!( dis%ount on t"e $rinted $ri%e. T"e ratio of t"e %ost $ri%e and t"e $rinted $ri%e is4 1. 54 5 2. 5!41 . 004125 . one 1. An item is mar=ed for Rs. 2! for sale. If t)o su%%essi6e dis%ounts of 1!( and 5( are allo)ed on t"e sale $ri%e t"en t"e sellin# $ri%e of t"e arti%le is4 1. ./! 2. . 2! . 2!5.2! 2. A s"o$=ee$er sells "is #oods at 1!( dis%ount on t"e mar=et $ri%e. ;"at $ri%e s"ould "e mar= on arti%le t"at %ost "im 0!! to #ain 1!(1. 11!! 2.115 . 125! . 125 . A s"o$=ee$er earns a $ro,t of 15( after sellin# a boo= at 2!( dis%ount on t"e $rinted $ri%e. T"e ratio of t"e %ost $ri%e and t"e $rinted $ri%e of t"e boo= is4 1. 142 2. 2!42 . 241 . 242! . T"e %ost $ri%e of an arti%le is ( of t"e mar=ed $ri%e. ;"at is t"e #ain $er%ent if a dis%ount of 12( is allo)ed1. .5( 2. /( . 5!.5( . 52( 5. ;"at $ri%e s"ould a s"o$=ee$er mar= on an arti%le %ostin# "im Rs. 15 to #ain 2!(3 after allo)in# a dis%ount of 15(1. Rs. 12 2. Rs. 1/ . Rs. 21 .Rs. 22 . T"e dieren%e bet)een a dis%ount of 5( and t)o su%%essi6e dis%ounts of 2!( and 2!( on a %ertain bill )as Rs. 22. T"e amount of bill is4 1.Rs. 2!! 2.Rs. 11!! .Rs. 22!! . none . A trader )is"es to #ain 2!( after allo)in# 1!( dis%ount on t"e mar=ed $ri%e to "is %ustomers. At )"at $er%ent "i#"er t"an t"e %ost $ri%e must "e mar= "is #oods-
I. B. S. INSITITUTE OF BANKING SERVICES
PROFIT & LOSS ri%e for Rs. /5. T"e ori#inal $ri%e of ri%e is4 1. 2! 2. 22.5! . 25 . 2.5! A $erson sells an arti%le at a $ro,t of 1!(. If "e "ad bou#"t it at 1!( less and sold it for more3 "e )ould "a6e #ained 25(. Find t"e %ost $ri%e. 1.15! 2. 12! . 1/! . 0!
1
1. !(
2.
3
.
2 3
/.
0.
. 5( A dry+fruit seller mies t"ree 6arieties of )alnuts %ostin# Rs. 5!3 Rs. 2! and Rs. ! $er =# in t"e ratio 244 in Terms of )ei#"t and sells t"e miture at Rs. $er =#. ;"at $er%enta#e of $ro,t does "e ma=e1. /( 2. 0( . 1!( . one Pure #"ee %osts Rs. 1!! $er =#. After aulteratin# it )it" 6e#etable oil %ostin# Rs. 5! $er =#3 a s"o$=ee$er sells t"e miture at Rs. 0 $er =#3 t"ereby ma=in# a $ro,t of 2!(. In )"at ratio does "e mi t"e t)o1. 142 2. 42 . 41 .
one !. A redu%tion of 2!( in t"e $ri%e of su#ar enables a $ur%"aser to obtain =# more for Rs. 12!. T"e ori#inal $ri%e of su#ar $er =# is 1. Rs. 15 2. Rs. 12 . Rs. 1! . Rs. / 1. A redu%tion of 2!( in t"e $ri%e of ri%e enables a $erson to buy .5 =# more
2.
Ans)er +4 1 2
5
/
0
2
1
2
1
2
1 !
1 1
1 2 1
1
1 1
1 5 2
1
1 2
1 /
1 0 2
2 !
2 1 1
2 2
2 1
2
2 5 1
2
2 2
2 /
2 0 1
! 1
1
2 1
1
1
5
2
/
0
!
1
2 2
2
5 1
2
/
0 1
5 ! 2
