Hello and welcome to exampundit. Here is a set of Quantitative Aptitude Quiz on Profit & Loss based problems for Prelims exam of SBI Clerk 2018. SBI Clerk 2018 Quantitative Aptitude Quiz 1. Aman sold two items for Rs. 46000 each. If he gains 10% on the first and losses 10 % on another, then what is his gain or loss % in this transaction? 1. 2% loss 2) 1% profit 3) 1% loss 4) can’t determined 5) none of these [su_spoiler title="Answer & Solutions" style="fancy" icon="arrow-circle-1"] Option: 2 Explanation: If the selling price same for two articles then always loss. So, loss %=( 10 *10)/100 = 1 % loss [/su_spoiler]   2. A dishonest businessman professes to sell rice at the cost price but he uses a weight of 800 grams in stead of 1 kg weight. Find his gain percentage. 1) 25% 2) 20% 3) 30% 4) 50% 5) None of these [su_spoiler title="Answer & Solutions" style="fancy" icon="arrow-circle-1"] Option: 1 Explanation: 25% 1 kg = 1000 grams He gives 800 grams Shortage= 1000-800 = 200 % of gain= 200/800 * 100 = 25 [/su_spoiler]   3. A carpenter bought an old table at Rs. 480 and spent 20% of it on repairing. If he wants to make a profit of Rs. 144 then what % should be added in purchase price? 1) 48 2) 50 3) 96 4) 100 5) None of these [su_spoiler title="Answer & Solutions" style="fancy" icon="arrow-circle-1"] Option: 2 Explanation: CP= 480 Spent 205= 480 *20/100 = 96 total= 480+96 = 576 With profit= 576 + 144= 720 Discount % = (720 – 480)/ 480 *100 =50 [/su_spoiler]   4. Mr. Hazra sold a good to Mr. Sarkar at 10 % discounted value of printed rate. The discounted value is Rs. 1242. If the printed rate is 15% profit of the purchase rate, what is the purchase rate? 1) 1242 2) 1380 3) 1280 4) 1200 5) None of thee [su_spoiler title="Answer & Solutions" style="fancy" icon="arrow-circle-1"] Option: 4 Explanation: 1242 * 100/90 *100/115 = 1200 [/su_spoiler]     5. Mohan bought a cycle for Rs. 475 and then sold it at a loss of 8% of the cost price. For how much did he sell the cycle? 1)453 2)419 3)441 4)437 5) None of these [su_spoiler title="Answer & Solutions" style="fancy" icon="arrow-circle-1"] Option: 4 Explanation: CP= 475 LOSS= 8% 92 *475 /100 = 437 [/su_spoiler]     6. A person subscribing to Tata Sky for a pay rs.1785. if the monthly subscription is Rs. 175, how much discount does a yearly subscriber get? 1) 18 2) 11 3) 13 4) 15 5) None of these [su_spoiler title="Answer & Solutions" style="fancy" icon="arrow-circle-1"] Option: 4 Explanation: Annual subscription= 172 *12 = 2100 Actual subscription= 1785 Discount= (2100 – 1785) = 315 % of discount= 315 *100 / 2100 = 15 [/su_spoiler]     7. The owner of a watch shop charges his customer 22 % more than the cost price. If a customer paid Rs. 8906 for a wrist watch then what was the cost price of the wrist watch?(APPROX) 1) 7300 2) 7500 3) 7700 4) 7900 5) None of these   [su_spoiler title="Answer & Solutions" style="fancy" icon="arrow-circle-1"] Option: 1 Explanation: 8906 * 100/ 122 = 7300 [/su_spoiler]     8. A shopkeeper sold a watch for Rs. 5076 at the loss of 6%. What is the cost price of the watch? 1) 5200 2) 5600 3) 5400 4)4752 5) None of these [su_spoiler title="Answer & Solutions" style="fancy" icon="arrow-circle-1"] Option: 3 Explanation: (100 * 5076) / 94 = 5400 [/su_spoiler]     9. Salina bought a watch with 25% discount on the selling price. If the watch cost her Rs. 1545, what is the original selling price of watch? 1)2050 2) 2000 3)2040 4) Can’t be determined 5) None of these [su_spoiler title="Answer & Solutions" style="fancy" icon="arrow-circle-1"] Option: 5 Explanation: (1575* 100)/ 75 = 2060 [/su_spoiler]   10. 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? 1)1385 2) 1365 3) 1405 4) 1335 5) 1255 [su_spoiler title="Answer & Solutions" style="fancy" icon="arrow-circle-1"] Option: 2 Explanation: 1450 – X = X -1280 2X = 2730 X= 1365 [/su_spoiler]   Regards Team Exampundit