SNAP Profit and Loss Practice Questions With Solutions

Students of an MBA school have got together to constitute a fund where each student has contributed Rs. 10000. This group of 20 students laid down certain rules for investment where it was agreed that 50 percent of the fund would be invested in riskless government securities while the rest 50 percent would be invested in equities. At the end of the year the group realizes that the crash in the stock market has left them with zero return on equities but 1 percent dividend gain on the shares bought. The return on the riskless government
security has been 7.8 percent in the last year. If the gains are to be divided equally, the gain per student is

If the price of Sugar increases by 20%, and Salman intends to spend only an additional 5% on Sugar, then find out the percentage decrease in his sugar consumption.

A man sold $\frac{3}{5}$th of his articles at a gain of 20% and the remaining at cost price. Find the percentage gain earned in the transaction.

A trader sells 20 articles at Rs. 54 per article after giving 10% discount and gains 50% profit. If the discount is not given, the profit gained is ______

A dishonest seller sells his grocery items using a false weight and thus gains 5% for a kilogram, he uses the weight of approximately ________

Mr. Suresh went into a restaurant and had a happy lunch for Rs.162. He paid for the same using a 500 rupee note. He was so happy with the meal and hence purchased a mini snack box for Rs. 37 and paid for the same using a 100 rupee note. Mr. Suresh ensured that he collected the balance from the cashier in both cases. Although he was satisfied with the service, he did not pay any tips to the server. The next day when the cashier went and deposited the money in the bank, it was found by the banker that only the two currency notes which were given by Mr. Suresh were counterfeit notes. As per policy, the bank immediately tore both the notes using their shredding machine. What is the total loss to the restaurant in this transaction ?

A and B entered into a partnership investing `16,000 and `12,000 respectively. After 3 months, A withdrew `5000 while B invested `5000 more. After 3 more months, C joins the business with a capital of `21,000. The share of B exceeds that of C, out of a total profit of
`26,400 after one after by:

A property dealer sells a house for ` 6,30,000 and in the bargain makes a profit of 5%. Had he sold it for ` 5,00,000, then what percentage of loss or gain he would have made?

Profit earned by an organization is distributed among officers and clerks where the individual amount received by them is in the ratio of 5 : 3. If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is Rs.25,000, what was the total amount of profit earned?

A shopkeeper labelled the price of his articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labelled price. What is the actual per cent profit earned in the deal?