Question 1

A shopkeeper marks a shirt at ₹800. He offers a discount of 15% on the marked price. What is the selling price of the shirt?

Accepted Answer

Step 1: Marked Price (MP) = ₹800. Step 2: Discount = 15% of ₹800 = 0.15 × 800 = ₹120. Step 3: Selling Price (SP) = MP − Discount = 800 − 120 = ₹680.

Question 2

The marked price of a book is ₹500. After giving a discount of 20%, the shopkeeper still makes a profit of 25% on the cost price. What is the cost price of the book?

Accepted Answer

Step 1: MP = ₹500, Discount = 20%. Step 2: SP = 500 × (100 − 20)÷100 = 500 × 0.80 = ₹400. Step 3: Profit = 25%, so SP = CP × (100 + 25)÷100 = CP × 1.25. Step 4: 400 = CP × 1.25, therefore CP = 400 ÷ 1.25 = ₹320.

Question 3

A book is sold for ₹450 at a profit of 25%. What is the Cost Price of the book?

Accepted Answer

Step 1: Let Cost Price = CP. Profit % = 25%, so SP = CP + 0.25 × CP = 1.25 × CP. Step 2: Given SP = ₹450, so 1.25 × CP = 450. Step 3: CP = 450 / 1.25 = ₹360. Therefore, the Cost Price is ₹360.

Question 4

An item is marked at ₹1200. A shopkeeper gives a discount of 10% and still makes a profit of 20% on the Cost Price. What is the Cost Price of the item?

Accepted Answer

Step 1: Marked Price (MP) = ₹1200. Discount = 10%, so Selling Price (SP) = 1200 − (0.10 × 1200) = 1200 − 120 = ₹1080. Step 2: Profit = 20%, so SP = CP × (1 + 20/100) = 1.20 × CP. Step 3: 1080 = 1.20 × CP, so CP = 1080 / 1.20 = ₹900. Therefore, Cost Price is ₹900.

Question 5

A shopkeeper buys a shirt for ₹400 and sells it for ₹520. What is his profit percentage?

Accepted Answer

Step 1: Cost Price (CP) = ₹400, Selling Price (SP) = ₹520. Step 2: Profit = SP − CP = 520 − 400 = ₹120. Step 3: Profit % = (Profit / CP) × 100 = (120 / 400) × 100 = 30%. Therefore, the profit percentage is 30%.

SBI PO Profit & Loss Questions
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SBI PO Profit & Loss — Exam-Pattern Questions

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SBI PO Profit & Loss Questionswith Answers, Trap Analysis & Shortcuts

SBI PO Profit & Loss — Exam-Pattern Questions

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SBI PO Profit & Loss Questions
with Answers, Trap Analysis & Shortcuts