✍️ Introduction
Welcome to Part 8 of our Profit and Loss Questions with Answers series. This practice set contains Questions 71–80, specially designed for aspirants preparing for IBPS PO, SBI PO, RBI Assistant, LIC AAO, SSC CGL, RRB, and other competitive examinations.
The questions in this part are hard-level and closely follow the latest banking exam pattern. They cover advanced Profit and Loss concepts such as successive discounts, effective cost price, damaged goods, transportation and insurance expenses, multiple selling prices, and mixed profit and loss scenarios.
Instead of lengthy calculations, every question is solved using an easy-to-understand shortcut method to improve your speed and accuracy. Try solving each question on your own before checking the answer to get the maximum benefit from this practice set.
🎯 What You’ll Learn
✅ Advanced Profit and Loss concepts
✅ Effective Cost Price calculations
✅ Successive Discount shortcut methods
✅ Multi-step Profit and Loss problems
✅ Faster calculation techniques for banking examsTable of Contents
Profit & Loss Questions (Premium Edition)
Part 8 (Questions 71–80)
Question 71
A wholesaler purchased 800 laptops at ₹32,000 each. He spent ₹8,00,000 on transportation and ₹4,00,000 on insurance. During transit, 40 laptops were completely damaged and sold as scrap at ₹8,000 each. The remaining laptops were sold at ₹35,500 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (800 × 32,000) + 8,00,000 + 4,00,000
= ₹2,68,00,000
SP
= (760 × 35,500) + (40 × 8,000)
= ₹2,69,80,000 + ₹3,20,000
= ₹2,73,00,000
Profit = ₹5,00,000
Profit %
= (5,00,000 ÷ 2,68,00,000) × 100
= 1.87%
✅ Answer
1.87% Profit
Question 72
A retailer marked an article 180% above the cost price. He offered successive discounts of 25%, 15%, and 12%. During checkout, the customer received an additional 5% cashback. Find the effective profit percentage.
⭐ Shortcut Method
SP Factor
= 280% × 75% × 85% × 88% × 95%
= 148.995% of CP
Profit
= 49.00% (Approx.)
✅ Answer
49.00% Profit
Question 73
A trader purchased 600 bags of cement at ₹420 each. He spent ₹24,000 on loading, ₹18,000 on transportation, and ₹12,000 on unloading. During heavy rain, 50 bags were damaged and sold at ₹180 each. The remaining bags were sold at ₹495 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (600 × 420) + 24,000 + 18,000 + 12,000
= ₹3,06,000
SP
= (550 × 495) + (50 × 180)
= ₹2,72,250 + ₹9,000
= ₹2,81,250
Loss = ₹24,750
Loss %
= (24,750 ÷ 3,06,000) × 100
= 8.09%
✅ Answer
8.09% Loss
Question 74
A dealer purchased an article for ₹8,500. He marked it 200% above the cost price. He offered successive discounts of 20%, 15%, and 10%. During a festive sale, he gave an additional 10% instant discount. Find the final profit percentage.
⭐ Shortcut Method
SP Factor
= 300% × 80% × 85% × 90% × 90%
= 165.24% of CP
Profit
= 65.24%
✅ Answer
65.24% Profit
Question 75
A distributor purchased 500 air conditioners at ₹28,000 each. He spent ₹10,00,000 on transportation, ₹3,00,000 on insurance, and ₹2,00,000 on installation. During delivery, 25 units were damaged and sold at ₹15,000 each. The remaining units were sold at ₹31,500 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (500 × 28,000) + 10,00,000 + 3,00,000 + 2,00,000
= ₹1,55,00,000
SP
= (475 × 31,500) + (25 × 15,000)
= ₹1,49,62,500 + ₹3,75,000
= ₹1,53,37,500
Loss = ₹1,62,500
Loss %
= (1,62,500 ÷ 1,55,00,000) × 100
= 1.05%
✅ Answer
1.05% Loss
Question 76
A dealer purchased 720 smartphones at ₹18,500 each. He spent ₹4,80,000 on transportation, ₹2,40,000 on insurance, and ₹1,20,000 on packaging. During transit, 60 smartphones were damaged and sold at ₹8,000 each each. The remaining smartphones were sold at ₹20,800 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (720 × 18,500) + 4,80,000 + 2,40,000 + 1,20,000
= ₹1,41,60,000
SP
= (660 × 20,800) + (60 × 8,000)
= ₹1,37,28,000 + ₹4,80,000
= ₹1,42,08,000
Profit = ₹48,000
Profit %
= (48,000 ÷ 1,41,60,000) × 100
= 0.34%
✅ Answer
0.34% Profit
Question 77
A retailer marked an article 250% above its cost price. He offered successive discounts of 30%, 20%, 10%, and 5%. Find the effective profit percentage.
⭐ Shortcut Method
SP Factor
= 350% × 70% × 80% × 90% × 95%
= 167.58% of CP
Profit
= 67.58%
✅ Answer
67.58% Profit
Question 78
A wholesaler purchased 450 sacks of sugar at ₹2,400 each. He spent ₹54,000 on transportation and ₹36,000 on storage. During heavy rain, 45 sacks were damaged and sold at ₹1,100 each. The remaining sacks were sold at ₹2,750 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (450 × 2,400) + 54,000 + 36,000
= ₹11,70,000
SP
= (405 × 2,750) + (45 × 1,100)
= ₹11,13,750 + ₹49,500
= ₹11,63,250
Loss = ₹6,750
Loss %
= (6,750 ÷ 11,70,000) × 100
= 0.58%
✅ Answer
0.58% Loss
Question 79
A trader marked an article 220% above the cost price. He allowed successive discounts of 25%, 20%, and 15%. Customers were also given an additional 8% festival discount on the final bill. Find the effective profit percentage.
⭐ Shortcut Method
SP Factor
= 320% × 75% × 80% × 85% × 92%
= 150.144% of CP
Profit
= 50.14%
✅ Answer
50.14% Profit
Question 80
A company purchased 600 printers at ₹12,500 each. It spent ₹3,60,000 on transportation, ₹90,000 on insurance, and ₹1,50,000 on installation. During delivery, 50 printers were damaged and sold at ₹5,500 each. The remaining printers were sold at ₹14,200 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (600 × 12,500) + 3,60,000 + 90,000 + 1,50,000
= ₹81,00,000
SP
= (550 × 14,200) + (50 × 5,500)
= ₹78,10,000 + ₹2,75,000
= ₹80,85,000
Loss = ₹15,000
Loss %
= (15,000 ÷ 81,00,000) × 100
= 0.19%
✅ Answer
0.19% Loss
💡 Shortcut Trick of the Day
Use Percentage Factors for Successive Discounts
Instead of calculating every discount one by one, convert them into multiplication factors.
Example:
- Markup 220% → × 3.20
- Discount 25% → × 0.75
- Discount 20% → × 0.80
- Discount 15% → × 0.85
- Extra Discount 8% → × 0.92
Multiply all the factors once to get the final Selling Price factor. Compare it with 1 (100% of CP) to instantly determine the overall profit or loss.
⚡ Banking Exam Tip: This approach is much faster than calculating each intermediate selling price and is especially useful in IBPS PO, SBI PO, SSC CGL, and other competitive exams.
Effective Cost Price First, Everything Else Later
Whenever a question includes loading, unloading, insurance, transportation, repair, packaging, installation, or freight charges, first calculate the Effective Cost Price:
Effective CP = Purchase Cost + All Additional Expenses
Then calculate the total Selling Price (including damaged goods, if any), and finally apply:
Profit/Loss % = (Profit or Loss ÷ Effective CP) × 100
⚡ Banking Exam Tip: In hard-level questions, most mistakes happen because candidates ignore one or more additional expenses. Make it a habit to calculate the Effective Cost Price before doing anything else.
📖 Previous Parts
- Profit and Loss Questions with Answers (1–10) – Part 1
- Profit and Loss Questions with Answers (11–20) – Part 2
- Profit and Loss Questions with Answers (21–30) – Part 3
- Profit and Loss Questions with Answers (31–40) – Part 4
- Profit and Loss Questions with Answers (41–50) – Part 5
- Profit and Loss Questions with Answers (51–60) – Part 6
- Profit and Loss Questions with Answers (61–70) – Part 7
- Part 9: Profit and Loss Questions with Answers (Questions 81–90)
⭐ Recommended Reading
🎯 Challenge Question
A trader purchased an article for ₹12,000 and marked it 80% above the cost price. He offered successive discounts of 20%, 10%, and 5%.
👉 Did he make a profit or a loss?
Calculate the profit or loss percentage using the shortcut method and share your answer in the comments.
