MCQ: Profit, Loss & Discount - 1 - SSC CGL MCQ

# MCQ: Profit, Loss & Discount - 1 - SSC CGL MCQ

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## 15 Questions MCQ Test Quantitative Aptitude for SSC CGL - MCQ: Profit, Loss & Discount - 1

MCQ: Profit, Loss & Discount - 1 for SSC CGL 2024 is part of Quantitative Aptitude for SSC CGL preparation. The MCQ: Profit, Loss & Discount - 1 questions and answers have been prepared according to the SSC CGL exam syllabus.The MCQ: Profit, Loss & Discount - 1 MCQs are made for SSC CGL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for MCQ: Profit, Loss & Discount - 1 below.
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MCQ: Profit, Loss & Discount - 1 - Question 1

### A shopkeeper sells an item for Rs. 870 and earns 20% profit. At what price should he sell that item to make a profit of 50%?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 1

Hence, Option D is correct.

MCQ: Profit, Loss & Discount - 1 - Question 2

### A shopkeeper marked an article 80% above its cost price and sold it after giving two successive discounts of 30% and 25% respectively. What is his profit/loss percentage?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 2

Let CP = 100
MP = 180

So the answer = 100 – 94.50 = 5.50%
Hence, Option D is correct.

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MCQ: Profit, Loss & Discount - 1 - Question 3

### By selling a calculator for Rs. 258, a shopkeeper gains 7.50%. Find the cost price of the calculator for the shopkeeper.

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 3

Let CP = 100x
SP = 107.50x

Hence, Option B is correct.

MCQ: Profit, Loss & Discount - 1 - Question 4

A camera costs Rs. 7200. If it is sold at a loss of 25%, what will be its cost price as a percentage of its selling price?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 4

Let CP = 100x
SP = 75x

Hence, Option D is correct.

MCQ: Profit, Loss & Discount - 1 - Question 5

A shopkeeper sold an article for Rs. 5,640 and gained 50%. At what price should he sell it to gain 75%?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 5

Hence, Option D is correct.

MCQ: Profit, Loss & Discount - 1 - Question 6

On selling a watch for Rs. 720, a shopkeeper incurs a loss of 33.33%. Find the cost price of the watch for the shopkeeper.

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 6

Let CP = 3x
SP = 2x

Hence, Option B is correct.

MCQ: Profit, Loss & Discount - 1 - Question 7

A seller marked an article 60% above the cost price and earned a profit of 25%. What percentage discount does he allow on the article?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 7

Let CP = 100
MP = 160
SP = 125

Hence, Option D is correct.

MCQ: Profit, Loss & Discount - 1 - Question 8

Mohit marked up an article by 60%. If he earned a profit of Rs. 720 after allowing a discount of Rs. 420, what is the cost price of the article?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 8

Let CP = 100x
MP = 160x
160x – 100x = 720 + 420
60x = 1140

MCQ: Profit, Loss & Discount - 1 - Question 9

A shopkeeper sold an article for Rs. 2,250 and made a profit of 25%. Find his profit/loss percent if he had sold his article for Rs. 1,000.

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 9

Hence, Option D is correct.

MCQ: Profit, Loss & Discount - 1 - Question 10

A seller marked an article X% above the cost price and allowed a discount of 50%. If the selling price and the cost price are Rs. 1000 and Rs. 1200 respectively, what is the value of X?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 10

Hence, Option C is correct.

MCQ: Profit, Loss & Discount - 1 - Question 11

A shopkeeper sold an article for Rs. 59,200 and incurred a loss of 20%. At what price should he sell it to gain 20%?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 11

Hence, Option C is correct.

MCQ: Profit, Loss & Discount - 1 - Question 12

Vishal bought 60 pens for Rs. 5 each. If he earns an overall profit of Rs. 90, what is the selling price of each pen?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 12

Total expenditure = 60 × 5 = Rs. 300
Total revenue = 300 + 90 = Rs. 390

Hence, Option D is correct.

MCQ: Profit, Loss & Discount - 1 - Question 13

A fruit seller bought 80 apples for Rs. 1200. 20 of them were rotten so he sold the remaining apples for Rs. 25 each. What is his overall profit/loss percentage?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 13

Remaining apples = 80 – 20 = 60
Total Revenue = 60 × 25 = Rs. 1500

Hence, Option D is correct.

MCQ: Profit, Loss & Discount - 1 - Question 14

A milkman claims to sell his milk at a 10% loss but uses a 900 ml vessel in place of 1 liter to measure. What is his actual profit/loss percentage?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 14

So the answer = Neither profit nor loss = 0%
Hence, Option D is correct.

MCQ: Profit, Loss & Discount - 1 - Question 15

A shopkeeper marked an article 20% above the cost price and sold the article after allowing a discount of Rs. 400 and still made a profit of Rs. 100. At what price did he sell the article?

Detailed Solution for MCQ: Profit, Loss & Discount - 1 - Question 15

20% of CP = 400 + 100
CP = 2500
So the answer = 2500 + 100 = Rs. 2600
Hence, Option D is correct.

## Quantitative Aptitude for SSC CGL

314 videos|170 docs|185 tests
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## Quantitative Aptitude for SSC CGL

314 videos|170 docs|185 tests