Question 1

A shopkeeper buys a pen for ₹12 and sells it for ₹15. What is his profit percentage?

Accepted Answer

Step 1: Cost Price (CP) = ₹12, Selling Price (SP) = ₹15. Step 2: Profit = SP − CP = 15 − 12 = ₹3. Step 3: Profit % = (Profit / CP) × 100 = (3 / 12) × 100 = 25%. Therefore, the profit percentage is 25%.

Question 2

A merchant sells a shirt at ₹480 and incurs a loss of 20%. What was the cost price of the shirt?

Accepted Answer

Step 1: Selling Price (SP) = ₹480, Loss = 20%. Step 2: When loss is 20%, SP = CP × (1 − 0.20) = CP × 0.80. Step 3: 480 = CP × 0.80, so CP = 480 / 0.80 = ₹600. Therefore, the cost price is ₹600.

Question 3

A book is marked at ₹250. A shopkeeper gives a discount of 10% on the marked price. If his cost price was ₹180, what is his profit percentage?

Accepted Answer

Step 1: Marked Price (MP) = ₹250, Discount = 10%. Step 2: Selling Price (SP) = MP − (10% of MP) = 250 − 25 = ₹225. Step 3: Cost Price (CP) = ₹180. Step 4: Profit = SP − CP = 225 − 180 = ₹45. Step 5: Profit % = (45 / 180) × 100 = 25%. Therefore, the profit percentage is 25%.

SBI Clerk Profit & Loss Questions

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