{"id":117363,"date":"2024-10-27T10:14:52","date_gmt":"2024-10-27T04:44:52","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=117363"},"modified":"2025-11-24T11:37:53","modified_gmt":"2025-11-24T06:07:53","slug":"profit-loss-sample-questions-sbi-clerk-prelims","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/profit-loss-sample-questions-sbi-clerk-prelims\/","title":{"rendered":"Profit &amp; Loss Sample Questions For SBI Clerk 2024 Prelims Exam"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/www.practicemock.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/www.practicemock.com\/blog\/category\/sbi-clerk\/\">SBI Clerk<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\">Profit &#038; Loss Sample Questions For SBI Clerk 2024 Prelims Exam<\/span><\/span><\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong>Profit and Loss for SBI Clerk 2024 Prelims Exam:<\/strong> The topic of Profit and Loss forms an important part of the Quantitative Aptitude section of the SBI Clerk Prelims exam. It tests the basic understanding of arithmetic calculations and commercial mathematics on which a candidate is examined. Once such topics are well understood, questions become pretty straightforward. In this article, we will discuss some of the key concepts related to Profit and Loss, types of problems that may appear in the exam, and some effective strategies for preparation.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/sbi-clerk-test-series\/?ref=12070\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Take a Free Mock Test &amp; Know How You Can Increase Your&nbsp;Answering&nbsp;Speed<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/blog\/sbi-clerk-notification\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SBI Clerk Notification 2024- Click to Check<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is Profit and Loss<\/h2>\n\n\n\n<p>Profit and Loss are some of the basic concepts applied in business and economics to establish the financial results obtained in buying and selling goods or services. Here is what the terms mean:<\/p>\n\n\n\n<p><strong>1. Profit:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Profit is the rupee difference between the actual selling price (SP) of an article and its cost price (CP), arising wherever the selling price is more than the cost price.<\/li>\n\n\n\n<li>It represents the quantity generated in excess of the cost incurred in buying or producing the item.<\/li>\n<\/ul>\n\n\n\n<p><strong>2. Loss:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Loss is said to occur when the selling price is less than the cost price, that is, SP &lt; CP.<\/li>\n\n\n\n<li>It represents the amount of money lost in the transaction.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Profit and Loss Formula<\/h2>\n\n\n\n<p>Some basic terms, associated with profit and loss:<\/p>\n\n\n\n<p>Cost price (CP) = The price for which a commodity\/article is bought is called cost price.<\/p>\n\n\n\n<p>Selling price (SP) = The price for which a commodity\/article is sold is called selling price.<\/p>\n\n\n\n<p>Profit\/Gain = The difference (SP \u2013 CP) between selling price and cost price is called the profit.<\/p>\n\n\n\n<p>Loss = The difference (CP \u2013 SP) between cost price and selling price is called loss.<\/p>\n\n\n\n<p>Marked price (MP) = The price at which a seller has labelled an article is called marked price.<\/p>\n\n\n\n<p>Discount = The reduction made on the marked price of the article is called discount.<\/p>\n\n\n\n<p>Some important formulae associated with profit and loss.<\/p>\n\n\n\n<p>1. Profit = SP \u2013 CP<\/p>\n\n\n\n<p>2. Loss = CP \u2013 SP<\/p>\n\n\n\n<p>3. Profit percentage = {(Profit)\/Cost price} \u00d7 100<\/p>\n\n\n\n<p>4. Loss percentage = {(Loss)\/Cost price} \u00d7 100<\/p>\n\n\n\n<p>5. Discount allowed = MP \u2013 SP<\/p>\n\n\n\n<p>6. Discount percentage = (discount allowed\/marked price) \u00d7 100<\/p>\n\n\n\n<p>Special case:<\/p>\n\n\n\n<p>If an article is sold at cost price, but using a false weight, then the overall profit percentage;<\/p>\n\n\n\n<p>= {(100 + Gain%)\/100} = {(True Scale or Weight) \u00f7 (False Scale or Weight)}<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Profit and Loss Important Question<\/h2>\n\n\n\n<p>Question 1: An article is sold for Rs. 5236 after two successive discounts of Rs. 12% and 15%. If the<br>article was marked up by 25% above its cost price, then find the profit\/loss received on the article.<br>A) Rs. 382<br>B) Rs. 364<br>C) Rs. 408<br>D) Rs. 322<br>E) None of these<\/p>\n\n\n\n<p>Question 2: A man sold an article for Rs. 13338 after giving two successive discounts of x% and 2x%. If<br>the marked price of the article is Rs. 15600, then find the value of \u2018x\u2019.<br>A) 5.5%<br>B) 6%<br>C) 5%<br>D) 6.5%<br>E) 7%<\/p>\n\n\n\n<p>Question 3: Mohan sold an article at 16% loss. What would be the profit or loss percent if the same<br>article was sold at Rs. 280 more provided the cost price of the article was Rs. 800?<br>A) 25%<br>B) 16%<br>C) 22%<br>D) 19%<br>E) 23%<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><a href=\"https:\/\/practicemock.com\/?next=https%3A%2F%2Fwww.practicemock.com%2Fpricing%2Fmarketing%2Ffiles%2Fpdf%2Fprofit-and-loss-imp-question-.pdf&amp;ref=12070\" target=\"_blank\" rel=\"noreferrer noopener\">Profit &amp; Loss Sample Questions For SBI Clerk<\/a><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">Profit and Loss Preparation Tips <\/h2>\n\n\n\n<p>To prepare for the Profit and Loss topic accordingly for the SBI Clerk Prelims, do the following strategies:<\/p>\n\n\n\n<p><strong>Basic Formulas to Know and Memorise<\/strong><\/p>\n\n\n\n<p>All those important formulas of profit and loss, discounts and percent must be known and memorise. These must apply to the maximum problems so you know the formula and remember it always.<\/p>\n\n\n\n<p><strong>Know Shortcuts and Tricks<\/strong><\/p>\n\n\n\n<p>Use percentage and ratio shortcuts. Techniques such as converting percentages into fractions can solve questions much more speedily.<\/p>\n\n\n\n<p><strong>Practice a Mix of Questions<\/strong><\/p>\n\n\n\n<p>Start with simple questions to set up a good base, then move on gradually to difficult questions. This will enable you to do well on both simple and complex questions.<\/p>\n\n\n\n<p><strong>Manage Your Time<\/strong><\/p>\n\n\n\n<p>In the practice section, time yourself in solving profit and loss questions. In the main examination, try answering each question in 30-45 seconds.<\/p>\n\n\n\n<p><strong>Frequent revision<\/strong><\/p>\n\n\n\n<p>Frequent revision of important formulae, concepts, and solved examples should be done. A formula sheet or flashcard can be created for instant revision.<\/p>\n\n\n\n<p><strong>Attempt Mock Tests and Solve Previous Years&#8217; Papers<\/strong><\/p>\n\n\n\n<p>Mock tests will present an idea of the exam pattern, including weak areas. Solution of previous years&#8217; papers gives an idea of the type of questions most frequently asked.<\/p>\n\n\n\n<p><strong>Disclaimer:<\/strong> The questions provided in this article are labeled as <strong>practice\/sample questions<\/strong> prepared on the basis of past exam patterns and commonly observed trends. They are intended solely for <strong>practice and self\u2011study purposes<\/strong>. Please note that the <strong>actual exam questions may differ<\/strong> in format, difficulty level, or content. These practice questions are <strong>not official<\/strong> and should not be considered as guaranteed to appear in the examination. Candidates are advised to refer to the <strong>official notifications, syllabus, and exam guidelines<\/strong> released by <a href=\"https:\/\/sbi.bank.in\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">SBI<\/a> for authentic and updated information.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong><a href=\"https:\/\/www.practicemock.com\/sbi-clerk-test-series\/?ref=12024\" target=\"_blank\" rel=\"noreferrer noopener\">SBI Clerk 2024 Free Mock Test<\/a><\/strong><\/td><td>Sign Up &amp; Attempt<\/td><\/tr><tr><td><a href=\"https:\/\/www.practicemock.com\/sbi-clerk-test-series\/?next=https%3A%2F%2Fs1.practicemock.com%2Fexams%2F%3Fc%3Dtopiclrpre%26i%3Dbanking&amp;ref=12024\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SBI Clerk 2024 Free Reasoning Topic Test<\/strong><\/a><\/td><td>Attempts All Topic Test &amp; Boost Your Performance<\/td><\/tr><tr><td><a 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Level<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/?next=https%3A%2F%2Fwww.practicemock.com%2Fs1pricing%2Findex.php%3Fc%3Dpremium&amp;ref=10982\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Grab the Best &amp; the Most Affordable SSC &amp; Banking Plans<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Related Blog\u2019s on SBI Clerk 2024 Exam<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><a href=\"https:\/\/www.practicemock.com\/blog\/sbi-clerk\/\" target=\"_blank\" rel=\"noreferrer noopener\">SBI Clerk Notification 2024<\/a><\/td><td><a 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Clerk Study Plan 2024<\/a><\/td><td><a href=\"https:\/\/www.practicemock.com\/blog\/sbi-clerk-preparation-strategy-2024\/\" target=\"_blank\" rel=\"noreferrer noopener\">SBI Clerk Preparation Strategy 2024<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Profit &amp; Loss Sample Questions FAQ<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1729754345458\"><strong class=\"schema-faq-question\">How important is the Profit and Loss topic for the SBI Clerk Prelims?<\/strong> <p class=\"schema-faq-answer\">Profit and Loss are important topics in the Quantitative Aptitude section, typically appearing in the exam with 1-2 questions.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1729757906303\"><strong class=\"schema-faq-question\">How can I improve my speed in solving Profit and Loss problems?<\/strong> <p class=\"schema-faq-answer\">Practice shortcut techniques for percentage calculations, such as converting percentages to fractions.<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here we are providing the Profit &#038; Loss Sample Questions For SBI Clerk 2024 Prelims Exam with detailed solution with free topic test.<\/p>\n","protected":false},"author":13,"featured_media":188019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-117363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sbi-clerk"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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\/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Profit & Loss Sample Questions For SBI Clerk 2024 Prelims Exam","description":"Here we are providing the Profit & Loss Sample Questions For SBI Clerk 2024 Prelims Exam with detailed solution with free topic test.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.practicemock.com\/blog\/profit-loss-sample-questions-sbi-clerk-prelims\/","og_locale":"en_US","og_type":"article","og_title":"Profit & Loss Sample Questions For SBI Clerk 2024 Prelims Exam","og_description":"Here we are providing the Profit & Loss Sample Questions For SBI Clerk 2024 Prelims Exam with detailed solution with free topic 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Singh","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.practicemock.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b60a00fb7612e91419b4da6dd0046825acb56157c2d61a424b8ea84100716647?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b60a00fb7612e91419b4da6dd0046825acb56157c2d61a424b8ea84100716647?s=96&d=mm&r=g","caption":"Sweta Singh"},"description":"Hi, I am Sweta Singh (B.Com Honours). I cleared many bank exams time by time but couldn't join because of my passion towards writing. I write blogs to help aspirants prepare for Banking and Insurance exams. These blogs turn out to be a one-stop destination for comprehensive information on some of the biggest competitive exams like SBI PO\/Clerk, IBPS PO\/Clerk, IBPS RRB PO\/Clerk and RBI. My ultimate goal is to provide accurate and easy-to-understand information, covering topics like exam patterns, syllabus, study techniques, and more. Join me on this journey of knowledge!","url":"https:\/\/www.practicemock.com\/blog\/author\/ss8860409gmail-com\/"},{"@type":"Question","@id":"https:\/\/www.practicemock.com\/blog\/profit-loss-sample-questions-sbi-clerk-prelims\/#faq-question-1729754345458","position":1,"url":"https:\/\/www.practicemock.com\/blog\/profit-loss-sample-questions-sbi-clerk-prelims\/#faq-question-1729754345458","name":"How important is the Profit and Loss topic for the SBI Clerk Prelims?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Profit and Loss are important topics in the Quantitative Aptitude section, typically appearing in the exam with 1-2 questions.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.practicemock.com\/blog\/profit-loss-sample-questions-sbi-clerk-prelims\/#faq-question-1729757906303","position":2,"url":"https:\/\/www.practicemock.com\/blog\/profit-loss-sample-questions-sbi-clerk-prelims\/#faq-question-1729757906303","name":"How can I improve my speed in solving Profit and Loss problems?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Practice shortcut techniques for percentage calculations, such as converting percentages to fractions.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"uagb_featured_image_src":{"full":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2024\/10\/Profit-Loss-Sample-Questions-For-SBI-Clerk-2024-Prelims-Exam.png",1200,675,false],"thumbnail":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2024\/10\/Profit-Loss-Sample-Questions-For-SBI-Clerk-2024-Prelims-Exam.png",150,84,false],"medium":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2024\/10\/Profit-Loss-Sample-Questions-For-SBI-Clerk-2024-Prelims-Exam.png",300,169,false],"medium_large":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2024\/10\/Profit-Loss-Sample-Questions-For-SBI-Clerk-2024-Prelims-Exam.png",640,360,false],"large":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2024\/10\/Profit-Loss-Sample-Questions-For-SBI-Clerk-2024-Prelims-Exam.png",640,360,false],"1536x1536":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2024\/10\/Profit-Loss-Sample-Questions-For-SBI-Clerk-2024-Prelims-Exam.png",1200,675,false],"2048x2048":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2024\/10\/Profit-Loss-Sample-Questions-For-SBI-Clerk-2024-Prelims-Exam.png",1200,675,false],"web-stories-poster-portrait":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2024\/10\/Profit-Loss-Sample-Questions-For-SBI-Clerk-2024-Prelims-Exam.png",640,360,false],"web-stories-publisher-logo":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2024\/10\/Profit-Loss-Sample-Questions-For-SBI-Clerk-2024-Prelims-Exam.png",96,54,false],"web-stories-thumbnail":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2024\/10\/Profit-Loss-Sample-Questions-For-SBI-Clerk-2024-Prelims-Exam.png",150,84,false]},"uagb_author_info":{"display_name":"Sweta Singh","author_link":"https:\/\/www.practicemock.com\/blog\/author\/ss8860409gmail-com\/"},"uagb_comment_info":10,"uagb_excerpt":"Here we are providing the Profit & Loss Sample Questions For SBI Clerk 2024 Prelims Exam with detailed solution with free topic test.","_links":{"self":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts\/117363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/comments?post=117363"}],"version-history":[{"count":0,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts\/117363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/media\/188019"}],"wp:attachment":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/media?parent=117363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/categories?post=117363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/tags?post=117363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}