✍️ Introduction
Welcome to Part 7 of our Profit and Loss Questions with Answers series. This practice set contains Questions 61–70, designed according to the latest pattern of banking and competitive examinations. The questions are of moderate to hard difficulty and are solved using easy-to-understand shortcut methods instead of lengthy calculations.
Whether you are preparing for IBPS PO, SBI PO, RBI Assistant, LIC AAO, SSC CGL, RRB, or other competitive exams, this set will help you improve your calculation speed, accuracy, and confidence. Solve each question on your own first, then verify your answer using the shortcut method to strengthen your exam preparation.
Table of Contents
Profit & Loss Questions (Premium Edition)
Part 7 (Questions 61–70)
Question 61
A trader purchased 600 mixer grinders at ₹2,400 each. He spent ₹36,000 on transportation and ₹24,000 on insurance. During transit, 40 grinders were damaged and sold at ₹1,400 each. The remaining grinders were sold at ₹2,850 each. Find the overall profit percentage.
⭐ Shortcut Method
CP = (600 × 2,400) + 36,000 + 24,000
= ₹15,00,000
SP = (560 × 2,850) + (40 × 1,400)
= ₹15,96,000 + ₹56,000
= ₹16,52,000
Profit = ₹1,52,000
Profit %
= (1,52,000 ÷ 15,00,000) × 100
= 10.13%
✅ Answer
10.13% Profit
Question 62
A shopkeeper marked an article 120% above its cost price. He offered successive discounts of 25%, 15%, and 10%. Find the final profit percentage.
⭐ Shortcut Method
SP Factor
= 220% × 75% × 85% × 90%
= 126.225% of CP
Profit
= 126.225 − 100
= 26.23%
✅ Answer
26.23% Profit
Question 63
A dealer purchased 450 school bags at ₹780 each. He spent ₹18,000 on transportation and ₹12,000 on packaging. Out of these, 30 bags were damaged and sold at ₹350 each, while the remaining bags were sold at ₹920 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (450 × 780) + 18,000 + 12,000
= ₹3,81,000
SP
= (420 × 920) + (30 × 350)
= ₹3,86,400 + ₹10,500
= ₹3,96,900
Profit = ₹15,900
Profit %
= (15,900 ÷ 3,81,000) × 100
= 4.17%
✅ Answer
4.17% Profit
Question 64
A retailer marked an article 100% above the cost price and allowed successive discounts of 20%, 10%, and 25%. Find the final profit percentage.
⭐ Shortcut Method
SP Factor
= 200% × 80% × 90% × 75%
= 108% of CP
Profit
= 8%
✅ Answer
8% Profit
Question 65
A wholesaler purchased 350 office chairs at ₹3,000 each. He spent ₹45,000 on transportation and ₹30,000 on storage. During handling, 25 chairs were damaged and sold at ₹1,600 each. The remaining chairs were sold at ₹3,450 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (350 × 3,000) + 45,000 + 30,000
= ₹11,25,000
SP
= (325 × 3,450) + (25 × 1,600)
= ₹11,21,250 + ₹40,000
= ₹11,61,250
Profit = ₹36,250
Profit %
= (36,250 ÷ 11,25,000) × 100
= 3.22%
✅ Answer
3.22% Profit
Question 66
A trader purchased 480 microwave ovens at ₹4,200 each. He spent ₹48,000 on transportation and ₹24,000 on insurance. During transit, 30 ovens were damaged and sold at ₹2,000 each. The remaining ovens were sold at ₹4,850 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (480 × 4,200) + 48,000 + 24,000
= ₹20,88,000
SP
= (450 × 4,850) + (30 × 2,000)
= ₹21,82,500 + ₹60,000
= ₹22,42,500
Profit = ₹1,54,500
Profit %
= (1,54,500 ÷ 20,88,000) × 100
= 7.40%
✅ Answer
7.40% Profit
Question 67
A retailer marked an article 150% above its cost price and offered three successive discounts of 20%, 15%, and 12%. Find the final profit percentage.
⭐ Shortcut Method
SP Factor
= 250% × 80% × 85% × 88%
= 149.6% of CP
Profit
= 149.6 − 100
= 49.60%
✅ Answer
49.60% Profit
Question 68
A wholesaler purchased 360 cartons of edible oil at ₹1,750 each. He spent ₹27,000 on transportation. During unloading, 20 cartons leaked and were sold at ₹900 each. The remaining cartons were sold at ₹2,000 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (360 × 1,750) + 27,000
= ₹6,57,000
SP
= (340 × 2,000) + (20 × 900)
= ₹6,80,000 + ₹18,000
= ₹6,98,000
Profit = ₹41,000
Profit %
= (41,000 ÷ 6,57,000) × 100
= 6.24%
✅ Answer
6.24% Profit
Question 69
A dealer marks an article 90% above the cost price. He allows successive discounts of 18%, 12%, and 10% and then gives an additional 5% cashback on the final billed amount. Find the effective profit percentage.
⭐ Shortcut Method
SP Factor
= 190% × 82% × 88% × 90% × 95%
= 117.09% of CP (Approx.)
Profit
= 17.09%
✅ Answer
17.09% Profit
Question 70
A dealer purchased 500 office desks at ₹3,600 each. He spent ₹60,000 on transportation and ₹40,000 on installation. During delivery, 40 desks were damaged and sold at ₹2,100 each. The remaining desks were sold at ₹4,150 each. Find the overall profit percentage.
⭐ Shortcut Method
CP
= (500 × 3,600) + 60,000 + 40,000
= ₹19,00,000
SP
= (460 × 4,150) + (40 × 2,100)
= ₹19,09,000 + ₹84,000
= ₹19,93,000
Profit = ₹93,000
Profit %
= (93,000 ÷ 19,00,000) × 100
= 4.89%
✅ Answer
4.89% Profit
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
- Part 8: Profit and Loss Questions with Answers (Questions 71–80)
Pillar Post
💡 Shortcut Trick of the Day
Net Selling Price Factor Method
Whenever a question has Markup + Multiple Discounts + Cashback, don’t calculate each price separately.
Multiply all the factors directly:
- Markup 90% → × 1.90
- Discount 18% → × 0.82
- Discount 12% → × 0.88
- Discount 10% → × 0.90
- Cashback 5% → × 0.95
The final product gives the Selling Price as a percentage of Cost Price.
⚡ Banking Exam Tip: This shortcut can save 30–60 seconds on a single question, which can make a significant difference in speed-based competitive exams.
❌ Common Mistakes
- Ignoring transportation or packaging expenses while calculating Cost Price.
- Adding successive discounts directly instead of multiplying discount factors.
- Calculating Profit Percentage on Selling Price instead of Cost Price.
- Forgetting to include damaged goods in the total Selling Price.
❓ Frequently Asked Questions
Q1. Are these Profit and Loss questions suitable for banking exams?
Yes. These questions are designed for IBPS PO, SBI PO, RBI Assistant, LIC AAO, SSC CGL, RRB, and similar competitive exams.
Q2. What is the difficulty level of this practice set?
This set is Moderate–Hard, suitable for candidates who already know the basics.
Q3. Are shortcut methods enough for exams?
Yes. These shortcut methods are designed to save time while maintaining accuracy.
Q4. Are these questions original?
Yes. Every question is created from scratch and verified for accuracy.
🎯 Challenge Question
A trader purchased an article for ₹8,000 and marked it 50% above the cost price. He offered successive discounts of 20% and 10%. Did he make a profit or a loss? If yes, calculate the percentage.
📝 Try solving it without using a calculator and share your answer in the comments!
