Profit and Loss Practice Questions for RBI Assistant: Quant is such a section that requires rigorous practice on the part of an aspirant. One needs to cover all the topics under the English section with the help of a wide variety of questions. The aspirants who are targetting the RBI Assistant exam and aspire to join the Banking Industry in 2022 itself, need to buck up and practice rigorously. We all are well aware of the ever-rising cut-off game of the Banking & Government Exams these days. We need to make sure that we leave no stone unturned in our preparation. In this blog, we would be covering one of the frequently asked topics i.e. Profit and Loss by providing Questions on Profit and Loss.
Note: The official RBI Assistant Notification for the 2022 Recruitment has been released by the RBI on 14th February 2022. A total of 950 vacancies have been announced for RBI Assistant 2022. The exam will take place on 26th-27th March 2022.
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Profit and Loss Practice Questions for RBI Assistant
Q.1 Selling price of an article is Rs. 2220 and the percent profit earned is 20%. What is the cost price of the article?
Rs. 1750
Rs. 1876
Rs. 1776
Rs. 1850
None of these
Q.2. A shopkeeper purchased 15 kg of variety “A” rice at Rs. X per kg and 10 kg of variety “B” rice at Rs. (X + 5) per kg. The shopkeeper sold the whole quantity of variety “A” rice at 10% profit and that of variety “B” rice at 20% profit. The total selling price of variety “A” rice was Rs. 30 more than that of variety “B” rice. Had the two varieties been mixed and sold at an overall profit of 20%, what would have been the selling price (per kg)?
Rs. 26.40
Rs. 23.20
Rs. 24.20
Rs. 25.00
None of these
Q.3. The cost price of a calculator is Rs. 5,000 and he loses 25%. Find his selling price.
Rs. 1250
Rs. 1280
Rs. 3750
Rs. 4512
Rs. 3421
Q.4. Find the cost price of an article which is sold at INR 720, at profit of 12.5%.
INR 640
INR 620
INR 650
INR 600
Q.5. Profit earned by selling an article for Rs. 1450 is same as the loss incurred by selling the article for Rs. 1280. What is the cost price of the article?
1385
1405
1355
1365
None of these
Q.6. Shyam buys 600 laptops at Rs. 40,000 per unit from vendor A and buys 500 laptops at Rs. 35,000 per unit from vendor B and then sells all the laptops at Rs 50,000 per unit. What is the profit percentage?
32.5
47.5
57
65
None of these
Q.7. An internet service provider company Century link marks up the cost price of a plan by 60% and offers a discount of 20%. He asks the customer to pay a service tax of 15% on the selling price. The customer refuses to pay the tax due to which the shopkeeper himself pays the service tax. Find his profit percentage
8.8%
22.5%
5.6%
10.5%
None of these
Q.8. Two merchants sell an article for Rs.1,000 each. Merchant A computes his profit on cost price while Merchant B computes his profit on selling price. Both make a profit of 25% each. By how many rupees is the actual profit made by B more than that made by A?
Rs. 75
Rs. 66
Rs. 60
Rs. 50
None of these
Q.9. If the ratio of cost price to selling price is 10:11, then the rate of profit is?
1.1 %
10%
0.1%
1%
Q.10. If the cost price of 25 chairs is equal to the selling price of 30 chairs, then find the loss %?
5%
20%
16*2/3 %
25 %
Sneak-peak into the Profit and Loss Practice Questions for RBI Assistant
This was all from us in this blog of Profit and Loss Practice Questions for RBI Assistant. We hope that you would like it. We will keep coming up with more questions on different topics of the syllabus of RBI Assistant & different banking Exams. Till then keep visiting Oliveboard.
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