Institute of Banking and Personnel Selection (IBPS) will shortly conduct the Common Written Examination for appointing eligible candidates for the post of Probationary Officers in various Public sector banks. IBPS PO Exam 2013 is scheduled to be held on 19 October 2013, 20 October 2013, 26 October 2013, and 27 October 2013. The common written examination contains five different sections that are General Awareness, Quantitative Aptitude, English Language, Reasoning, and Computer Knowledge.
Quantitative Aptitude is the trickiest section to solve hence required more attention of the candidates. The proper strategical approach of the candidates is needed to get through this section. To assist the aspirants, banking experts have come up with Quantitative Aptitude E-Book. In this E-Book, Quantitative Aptitude section is elaborated with study material on every chapter that provide a conceptual description with practice questions.
|Important Chapter Guidelines for IBPS PO 2013 : Quantitative Aptitude|
|Number System||Very Important|
|Number Series||Very Important|
|Percentage Partnership and Share||Very Important|
|Simplification and Approximation||Very Important|
|Ratio, Proportion & Alligation||Important|
|Time & Work||Important|
|Profit, Loss & Discount||Very Important|
|Simple Interest and Compound Interest||Important|
|Time, Distance and Speed||Important|
|Permutation and Combination & Probability||Very Important|
|Data Interpretation-Table Charts||Very Important|
|Data Interpretation-Bar Graph||Very Important|
|Data Interpretation-Line Graph||Very Important|
|Data Interpretation-Pie Charts||Very Important|
|Data Interpretation-Caselets||Very Important|
|Data Interpretation-Miscelleneous Graphs||Very Important|
|Note : Prepared on the basis of questions asked in previous year papers|
Profit and Loss
Profit and Loss is an extension of the chapter of percentages. It is a very important branch of basic Mathematics. This branch deals with the study of Profit and loss made in any commercial transaction. The entire economy and the concept of capitalism is based on the so called “Profit Motive”.
Some basic terms used in Profit and loss are:
Cost price – The price, at which an article is purchased, is called Cost price and it is abbreviated by C.P.
Selling Price – The price, at which an article is sold, is called its selling price and it is abbreviated by S.P.
Profit – If S.P. > C.P., then the seller is said to have a profit.
Loss – If SP < CP, Then seller is said to have incurred a loss.
Example: 100 apples are bought at the rate of Rs. 500 and sold at the rate of Rs. 84 per dozen. What will be the percentage of profit and loss?
Solution: We will solve this in steps
Step I: Given that C.P. of 100 apples = 500
Then, C.P. of 1 apple = 500/100
Step II: Also given that per dozen S.P. of apples = 84
Then, S.P. of 1 apple = 84/12
Step III: Now, we know that
Therefore, there is a profit of 40% in the whole selling process.
If a person sells two similar items, one at a gain of A%, and the other at a loss of A%, then the seller always incurs a loss. This loss can be calculated by:
Example : A man sold two plots for Rs. 15, 00,000 each. On one he gains 25% while on the other he loses 25%. How much does he gain or loss in the whole transaction.
Solution: In such a case there is always a loss
This concept is provided from the IBPS PO Exam 2013: Quantitative Aptitude (E Book).
Check the Sample e-Book to check the content that jagranjosh.com will offer in the IBPS PO Exam 2013: Quantitative Aptitude E-Book.