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SSC CGL Previous Year Questions: Profit & Loss - 2 - SSC CGL MCQ


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30 Questions MCQ Test SSC CGL (Tier - 1) - Previous Year Papers (Topic Wise) - SSC CGL Previous Year Questions: Profit & Loss - 2

SSC CGL Previous Year Questions: Profit & Loss - 2 for SSC CGL 2024 is part of SSC CGL (Tier - 1) - Previous Year Papers (Topic Wise) preparation. The SSC CGL Previous Year Questions: Profit & Loss - 2 questions and answers have been prepared according to the SSC CGL exam syllabus.The SSC CGL Previous Year Questions: Profit & Loss - 2 MCQs are made for SSC CGL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for SSC CGL Previous Year Questions: Profit & Loss - 2 below.
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SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 1

The price of an article is cut by 33%, to restore to its original value, the new price must be increased by    (SSC CHSL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 1

Let the price of the article = ₹ 100
New Price = 100 – 33 = 67
Therefore the new price must be increased by

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 2

Marked price of an item is Rs 500. On purchase of 2 items discount is 8%, on purchase of 3 items discount is 16%.
Radha buys 5 items, what is the effective discount?    (SSC CHSL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 2

Marked price of each item = 500
No. of items = 5
∴ Total marked price = 500 × 5 = 2500


= 12.8%

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 3

A person bought pens at 25 for a rupee and sold at 15 for a rupee. What is his profit percentage?    (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 3

According to the question,
C.P of a pen = 1/25
S. P of a pen = 1/15

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 4

The marked price of an article is 20% more than its cost price. If 5% discount is given on the maked price, then what is the profit percentage?    (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 4

Let C.P of an article = 100
∴ M.P of an article = 120
After discount 5% on marked price, then
S.P of an article = 120 × 0.95 = 114.
∴ Profit = 114 – 100 = 14

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 5

By selling 175 pineapples, the gain i s equal to the selling price of 50 pineapples. What is the gain percentage?    (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 5

Let S.P. of each pineapple = Re 1
∴ Gain = 50, SP = 175
∴ CP = (175 – 50) = 125

= 40%

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 6

The marked price of a sofa set is ₹ 4800 which is sold at ₹ 3672 at two successive discounts. If the first discount is 10%, then what will be the second discount (in%)?    (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 6


Price after it = 4800 – 480 = 4320

∴ Second discount = 15%

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 7

If the price of pen decreases by 20%, then a man can buy 10 more pens for ₹ 100. What is the new price  (in ₹) of each pen?     (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 7

Let the cost price of pen = x
∴ Number of pens he can purchase for ₹ 100 with the actual price of pen = 100/x
Number of pens he can purchase for ₹ 100 with the reduced price of pen

According to question,

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 8

After two successive discount of 20% and 35%, an article is sold for ₹ 50700. What is the marked price (in ₹) of the article?    (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 8

Let the mark price be x.
After first discount, price 
after the second discount, price

∴ marked price of article is ₹ 97500.

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 9

For an article the profit is 170% of the cost price. If the cost price increases by  20% but the selling price remains same, then what is the new profit percentage?    (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 9

Let cost price of an article = 100
∴ Profit = 170
∴ S.P. = 100 + 170 = 270
Now,
Cost price increased by 20%, then
Cost price = 120
S.P. = 270
∴ Profit = 270 – 120 = 150

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 10

After a discount of 3 4% an article is s old for ₹ 3168. What is the marked price (in ₹) of the article?    (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 10

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 11

A merchant purchase a wrist watch for ₹ 1,200 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. The list price of the watch is    (SSC Sub Inspector 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 11

Marked price of the wrist watch = ₹ x

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 12

By selling an article at 3/4 of selling price, a trader incurred a loss of 10%. The profit/loss percentage, when it is sold at the original selling prices, is  (SSC Sub Inspector 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 12

Let selling price be 100
Now selling price = 
Loss = 10%

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 13

A trader lists his article 20% above the cost price and allows a discount of 10% on cash payment. His gain percent is    (SSC Sub Inspector 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 13

Let C.P. = ₹ 100
Then, M.P. = ₹ 120
S.P. = 90% of ₹ 120 = ₹ 108
Gain = 8%

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 14

A man sells an article at 5% above the cost price. If he had bought it at 5% less than what he paid for it and sold it for ₹ 2 less, he would have gained 10%. The cost price of the article is    (SSC Sub Inspector 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 14

Let C.P. = x


95x = 100 x – 2000
– 5x = – 2000
x = ₹ 400
C.P. = ₹ 400

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 15

Loss of 20% on selling price is equal to x% loss in cost price. What is x?    (SSC CGL 2nd Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 15

Let  Selling Price = 100
Loss = 20%
Cost price = 120

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 16

A dealer marks a washing machine for ₹ 7500, and allows a discount of 6% on it. Find the selling price    (SSC CGL 2nd Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 16

Market Price = 7500, Discount = 6%

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 17

If the ratio of cost price and selling price be 10 : 11, then the profit percentage is    (SSC CGL 2nd Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 17

Let CP = 10, SP = 11

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 18

The successive discount of 15%, 20% and 25% on an article is equivalent to the single discount of    (SSC CGL 1st Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 18

Successive discount = 15, 20, 25
net discount when, 15, 20 taken together

Now taking 22 and 25

57 – 8 = 49%

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 19

The marked price of a ceiling fan is ₹ 1200 and the shopkeeper allows a discount of 5 % on it. Then selling price of the fan is (SSC CGL 1st Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 19

Marked price = 1200, Discount % = 5%
Selling price = ?

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 20

The selling price of 6 bananas is equal to the cost price of 8 bananas. Then the percentage of profit is    (SSC CGL 1st Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 20

Let CP of 8 bananas = ₹ 8
CP of 6 bananas = ₹ 6
Sp of 6 bananas = ₹ 8

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 21

If the successive discounts be 20%, 10% and 5%, then the single equivalent rate of discount is    (SSC CGL 1st Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 21

For 3 discount 20%, 10% and 5%
Now take 20% and 10%

Now take 28 % and 5%

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 22

An article which is marked ₹ 975 is sold for ₹ 897. The discount % is?    (SSC CGL 1st Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 22

Now, Let the discount be x%

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 23

Cost price of 100 books is equal to the selling price of 60 books. The gain or loss percentage will be:    (SSC CGL1st Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 23

Now according to question.
100 × CP = 60 × SP

Both sides subtract 1

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 24

Find a single discount equivalent to a discount series of 10%, 20% and 25%    (SSC CGL 1st Sit.  2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 24

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 25

The difference between successive discounts of 4 0% followed by 30% and 45% followed by 20% on the maked price of an article is ₹ 12. The marked price of the article is:    (SSC CGL 1st Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 25

1st successive discount final rate

2nd successive discount final rate

Let mare price be MP

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 26

A shopkeeper bought 30 kg of rice at the rate of ₹ 70 per kg and 20 kg of rice at the rate of ₹ 70.75 per kg. If he mixed the two brand of rice and sold the mixture at ₹ 80.50 per kg. his gain is    (SSC CGL 2nd Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 26

Solving by allegation

Hence, cost price = 70.3 × 50 = ₹ 3515
Selling price = 80.5 × 50 = ₹ 4025
Required gain = 4025 – 3515 = 510

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 27

Allowing 20% and 15% successive discounts, the selling price of an article becomes ₹ 3,060; then the marked price will be            (SSC CGL 2nd Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 27

S.P. of an article = 20% and 15% successive discount × marked price of an article

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 28

The marked price of a watch was ₹ 720. A man bought the same for ₹ 550.80 after getting two successive discounts, the first being 10%. The second discount rate is    (SSC CGL 2nd Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 28

Let the second discount be x%.
Then (100 – x)% of 90% of 720 = 550.80

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 29

10% discount and then 20% discount in succession is equivalent to total discount of    (SSC CGL 2nd Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 29

Successive discount can be given by

Hence, the successive discount in equal to 28%

SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 30

After allowing a discount of 20%, a radio is available for ₹ 1200. Its marked price was:    (SSC CHSL 2nd Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 2 - Question 30

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