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SSC CGL Previous Year Questions: Profit & Loss - 3 - SSC CGL MCQ


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40 Questions MCQ Test SSC CGL (Tier - 1) - Previous Year Papers (Topic Wise) - SSC CGL Previous Year Questions: Profit & Loss - 3

SSC CGL Previous Year Questions: Profit & Loss - 3 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 - 3 questions and answers have been prepared according to the SSC CGL exam syllabus.The SSC CGL Previous Year Questions: Profit & Loss - 3 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 - 3 below.
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SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 1

A man purchased an article for ₹ 1500 and sold it  at 25% above the cost price. If he has to pay ₹ 75 as tax on it, his net profit percentage will be :  (SSC CHSL 2nd Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 1

CP = ₹1500

Tax paid = ₹75
So, actual SP = 1875 – 75 = ₹1800
Net profit = 

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

Successive discounts of 20% and 10% are equivalent to a single discount of :        (SSC CHSL 2nd Sit. 2015)

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

Equivalent discount of 2 successive discounts

= 30 – 2 = 28%

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

A house was  sold for ₹ y by giving a discount of x%, then the list price was :       (SSC CHSL 1st Sit. 2015)

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

Let list price = ₹ z
So, Sale price (y) = 

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 4

A fruit seller buys oranges at the rate of ₹ 10 per dozen and sells at the rate of ₹ 12 per dozen. His gain percent is :      (SSC CHSL 1st Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 4

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 5

By selling an article for ₹450. I lose 20%. For what amount, should I sell it to gain 20%?     (SSC CHSL 1st Sit. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 5

SP = ₹ 450
Loss = 20%

SP for getting 20% gain = 

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 6

A fruit seller buys 240 apples for ₹ 600. Some of these apples are bad and are thrown away. He sells the remaining apples at ₹ 3.50 each and makes a profit of ₹ 198. The % of apples thrown away are :          (SSC Sub. Ins. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 6

C.P = ₹ 600
Let number of apples thrown = x
So number of apples left = 240 – x
So S.P. = (240 – x) 3.50
= 840 – 3.5x
So 840 – 3.5 x – 600 = 198
240 – 3.5 x = 198
x = 42/3.5 = 12
So % age of apples thrown = (12/240) x 100 = 5%

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 7

A man bought a watch at 25% discount on the original price. He got ₹40 more than the original price by selling it at 140% of the price at which he bought. The price of buying the watch was:  (SSC Sub. Ins. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 7

CP = 0.75 × MP
SP = MP + 40
1.4 CP = M.P + 40
1.4 (0.75) MP = M.P + 40
1.05 MP = M.P. + 40
(1.05 – 1) MP = 40
M.P. = 40/0.05 = ₹800
∴ CP = 0.75 M.P. = 0.75 × 800 = ₹ 600

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 8

If a shopkeeper purchases cashewnut at ₹250 per kg and sells it at ₹ 10 per 50 grams, then he will have:      (SSC Sub. Ins. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 8

C.P. = ₹ 250

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 9

A trader marks his goods 20% above C.P. but allows his customers a discount  of 10. The C.P. of a blackboard, which is sold for ₹ 216, is:   (SSC Sub. Ins. 2015)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 9

Marked price = 20 % above CP 
Discount = 10%
∴ S.P. 
= 0.9 × 1.2 × CP = 1.08 CP
S.P. = ₹ 216
C.P. 

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 10

A sold an article to B at 20% profit and B sold it to C at 15% loss. If A sold it to C at the selling price of B, then A would make       (SSC CGL 1st Sit. 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 10

Let ₹ 100 be the cost price for A.
S.P. for A = 100 + 20% of 100 = 120
S.P. for B = 120 – 15% of 120 = 102
Profit % = 

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 11

Ram bought a T.V. with 20% discount on the labelled price. Had he bought it with 30% discount he would have saved ₹ 800. The value of the T.V. set that he bought is       (SSC CGL 1st Sit. 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 11

Let labelled price of T.V. be ₹ x
Price after 20% discount, 
Price after 30% discount, 
According to question
0.8x – 0.7x = 800
x = 800 × 10 = 8000

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 12

A dealer of scientific instruments allows 20% discount on the marked price of the instruments and still makes a profit of 25%. If his gain over the sale of an instrument is ₹ 150, find the marked price of the instrument.      (SSC CGL 1st Sit. 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 12

Let marked price of the instrument be ₹ x
Selling price, S.P. = x – (20/100)x = 0.8x
Cost price, C.P. = C.P. + (25/100)C.P. = 0.8x

x = 25/16 C.P.
Given that 25/100 C.P = 150

Marked price x = 

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 13

A shopkeeper allows 10% discount on goods when he sells without credit. Cost price of his goods is 80% of his selling price. If he sells his goods by cash, then his profit is       (SSC CGL 1st Sit. 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 13

Let marked price of goods be ₹ 100.
Selling price of goods = 100 - (10/100) x 100 = ₹90
Cost price of goods is 80% of its selling price

Profit on goods = (90 – 72) = ₹ 18
Profit % = (18/72) x 100 = 25%.

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 14

A man sold his watch at a loss of 5%. Had he sold it for ₹ 56.25 more, he would have gained 10%. What is the cost price of the watch (in ₹) ? (SSC CHSL 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 14

Let Cost Price of watch be ₹ x

If S.P = 0.95x + 56.25 then profit = 10%

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 15

The marked price of an item is twice the cost price. For a gain of 15%, the discount should be        (SSC CHSL 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 15

Marked Price, M = 2C, where C is cost price for 15% gain, S.P. = C + (15/100)C = 1.15C
Let discount be x%

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 16

The marked price of a saree is ₹ 200. After allowing a discount of 20% on the marked price, the shopkeeper makes a profit of ₹ 16. Find the gain percent.      (SSC CHSL 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 16

Selling price = Marked price – Discount
= 200 – 20% of 200 = 160
Cost Price = 160 – 16 = 144

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 17

A retailer buys a sewing machine at a discount of 15% and sells it for ₹1955. Thus he makes a profit of 15%. The discount is         (SSC Sub. Ins. 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 17

Let original price of sewing machine be ₹ x
Retailer bought it at x - (15/100)x = 0.85x

⇒ 85x + 12.75x = 1955 × 100
⇒ 97.75x = 195500

Discount is (15/100) x 2000 = ₹ 300

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 18

Mahesh earned a profit of 20% by selling 60 apples at the rate of  ₹ 42.50 for 5 apples. Then the total cost, at which the apples were bought is (SSC Sub. Ins. 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 18

Selling price of 5 apples = ₹42.50
Selling price of 60 apples = (42.5/5)x60 = 510
C.P + Profit = S.P

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 19

A tea-merchant professes to sell tea at cost price but uses a false weight of 900 gram for a  kilogram. The profit percent in his transaction is       (SSC Sub. Ins. 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 19

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 20

A shopkeeper sold an item for ₹ 1,800 at a discount of 10% and gained ₹ 200. Had he not given the discount, his gain would be       (SSC Multitasking 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 20

Let M be the marked price.

Cost Price, C = 1800 – 200 = 1600
If no discount is given Profit ₹ 2000 – ₹ 1600 = ₹ 400

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 21

Rita purchased a car with a marked price of ₹ 2,10,000 at a discount of 5%. If the sales tax charged is 10%, find the amount she has to pay.      (SSC Multitasking 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 21

Selling price of car; S.P. = 2, 10,000 – (5/100) x 2,10,000 = 1,99,500
Sales tax charged is 10%
Total cost for Rita = 1,99,500 + (10/100) x 1,99,500 = ₹ 2,19,450

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 22

A cycle merchant allows 25% discount on the marked price of the cycles and still makes a profit of 20%. If he gains ₹ 360 over the sale of one cycle, find the marked price of the cycle.       (SSC Multitasking 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 22

Let M be the market price and C be the cost price of the cycle.
Selling price, 



M = 360 × 4 × 2 = ₹ 2,880

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 23

If a person lost 8% by selling an article for ₹ 1,035, he bought the article for      (SSC Multitasking 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 23

Person bought the article for 

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 24

Aman sells two watches at ₹ 99 each. On one he gets 10% profit and on the other he loses 10%. His net gain or loss percent is       (SSC Multitasking 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 24

Cost price of watch on which he get 10% Profit, 
Cost Price of watch on which he losses 10%, 
Net loss% 

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 25

A bookseller sells a book at a profit of 10%. If he had bought it at 4% less and sold it for ₹ 6 more, he would have gained 18(3/4)%. The cost price of the book is      (SSC Multitasking 2014)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 25

Let C be the cost price of book
Selling price, S = 
If cost price is 6% less, C' =
S' = 1.1C + 6

14C + 600 = 18C
4C = 600
C = ₹150

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 26

The price of an article is first decreased by 20% and then increased by 30%. if the resulting price is ₹ 416, the original price of the article is.    (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 26

If the original price of article be ₹ x, then

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 27

A tradesmen sold an article at a loss of 20%. if the selling price had been increased by ₹100. there would have been a gain of 5%. The cost price of the article (in ₹) was       (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 27

C.P. of article = ₹ x

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 28

The list price of an article is ₹160 and a customer buys it for ₹122.40 after two successive discounts. If the first discount is 10%, then second discount is      (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 28

S.P. after a discount of 10% = 
Second discount = 144 – 122.40 = ₹ 21.6
If the second discount be x %, then

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 29

A shopkeeper earns a profit of 12% on selling a book at 10% discount on printed price. The ratio of the cost price to printed price of the book is       (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 29

C.P. of the book = ₹ x
Printed price = ₹ y

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 30

A shopkeeper marks his goods 20% above his cost price and gives 15% discount on the marked price. His gain percent is       (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 30

If the C.P. of goods be ₹100, then
Marked price = ₹120

∴ Profit percent = 2%.

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 31

A CD was sold at a profit of 12(1/2)%. If it had been sold at a profit of 15%, it would have gained him ₹ 10 more. The cost prices of CD is (in ₹)      (SSC CGL 1st Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 31

Ist case :

 ...(i)
IInd case :

  ...(2)
Dividing equation (1) by (2)

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 32

On the eve of Gandhi Jayanti, Gandhi Ashram declared a 25% discount on silk. If selling price of a silk saree is ₹ 525, what is its marked price ?       (SSC CGL 1st Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 32

Let the marked price be ₹ x.
∵ S.P. = (x – 25% of x) = (3/4)x
But, S.P = ₹ 525
∴ (3/4)x = 525 ⇒ x = 700

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 33

Kabir buys an article with 25% discount on its marked price. He makes a profit of 10% by selling it at ₹ 660. The marked price is       (SSC CGL 1st Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 33

Let the marked price be ₹x.

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 34

The marked price of a radio set is ₹480. The shopkeeper allows a discount of 10% and gains 8%. If no discount is allowed, his gain percent would be      (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 34

If the C.P. of radio be ₹ x, then

If no discount is allowed, Gain = 480 – 400 = ₹ 80
Gain percent = (80/400) x 100 = 20%.

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 35

The marked price of a table is ₹ 12,000. If it was sold for ₹10,500 after allowing a certain discount, then the rate of discount is       (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 35

Discount = 12000 – 10500 = ₹ 1500
If the discount per cent be x, then

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 36

A dozen pairs of socks quoted at ₹ 180 are available at discount of 20%. How many pairs of socks can be bought for ₹ 48?       (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 36

∵ S.P. of a dozen pairs of socks 
∴ S.P. of 1 pair of socks = 144/12 = ₹12
∴ No of pairs available for 

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 37

An article is sold for ₹300 at a profit of 20%. Had it been sold ₹235, the loss percentage would have been      (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 37

C.P. of the article 
On selling at ₹ 235,
Loss percent = (15/250) x 100 = 6%.

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 38

A fruit seller buys some oranges at the rate of 4 for ₹ 10 and an equal number more at 5 for ₹ 10. He sells the whole lot at 9 for ₹ 20. What is his loss or gain percent?       (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 38

Let 20 apples of each type be bought.
C.P. of 40 apples

∴ Loss percent = 

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 39

A reduction in the price of apples enables a person to purchase 3 apples for ₹ 1 instead of ₹ 1.25. What is the % of reduction in price (approximately)?        (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 39

Percentage decrease = (25/125)x100 = 20%

SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 40

A retailer purchased radiosets at the rate of  ₹ 400 each from a wholesaler. He raised the price by 30% and then allowed a discount of 8% on each set. His profit will be      (SSC CGL 2nd Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 3 - Question 40

Marked price of a ratio set 

∴ Gain percent = 

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