SSC CGL Previous Year Questions: Profit & Loss - 4 - SSC CGL MCQ

SSC CGL Previous Year Questions: Profit & Loss - 4 - SSC CGL MCQ

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40 Questions MCQ Test - SSC CGL Previous Year Questions: Profit & Loss - 4

SSC CGL Previous Year Questions: Profit & Loss - 4 for SSC CGL 2024 is part of SSC CGL preparation. The SSC CGL Previous Year Questions: Profit & Loss - 4 questions and answers have been prepared according to the SSC CGL exam syllabus.The SSC CGL Previous Year Questions: Profit & Loss - 4 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 - 4 below.
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SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 1

On selling an article for ₹ 170, a shopkeeper loses 15%. In order to gain 20%, he must sell that article at rupees :        (SSC CGL 1st Sit. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 1

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

Which of the following successive discounts is better to a customer?      (SSC CGL 1st Sit. 2013) (A) 20%, 15%, 10%  or (B) 25%, 12%, 8%

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

(a) Net discount for 20% and 15%

Net discount for 32% and 10%

(b) Net discount for 25% and 12%

Net discount for 34% and 8%

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

The marked price of a mixie is ₹ 1600. The shopkeeper gives successive discount of 10% and x% to the customer. If the customer pays ₹1224 for the mixie, find the value of x :      (SSC CGL 1st Sit. 2013)

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

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

A shopkeeper marks the price of an article at ₹ 80. What will be the selling price, if he allows two successive discounts at 5% each?        (SSC CGL 1st Sit. 2013)

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

Net discount =

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 5

If books bought at prices ranging from ₹ 150 to ₹ 300 are sold at prices ranging from ₹ 250 to ₹ 350, what is the greatest possible profit that might be made in selling 15 books?         (SSC CHSL 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 5

Least cost price = ₹(150×15) = ₹2250
Greatest selling price = ₹(350×15) = ₹5250
Required profit = ₹(5250 – 2250) ₹3000

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 6

The cost price of a book is ₹ 150. At what price should it be sold to gain 20%?       (SSC CHSL 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 6

S.P = ₹180

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 7

A got 30% concession on the label price of an article sold for ₹ 8,750 with 25% profit on the price he bought. The label price was            (SSC CHSL 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 7

Let the labelled price be ₹ x

Now, (1 – 30% concession) label price = C.P

x = ₹10, 000

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 8

A shopkeeper blends two varieties of tea costing ₹ 18 and ₹ 13 per 100 gm in the ratio 7:3. He sells the blended variety at the rate of ₹ 18.15 per 100 gm. His percentage gain in the transaction is         (SSC CHSL 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 8

CP of 1000 gm tea = 18 × 7 + 13 × 3
= ₹ (126 + 39) = ₹ 165
CP of 100 g = ₹ 16.5
S.P. of 100 g = ₹ 18.15
Profit = ₹(18.15 – 16.5 ) = ₹ 1.65

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 9

An article was sold at 16% gain. Had it been sold for ₹ 200 more, the gain would have been 20%. Then the cost price of the article is :           (SSC Sub. Ins. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 9

If the C.P. of article be ₹x, then

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 10

A man sold 250 chairs and had a gain equal to selling price of 50 chairs. His profit per cent is:         (SSC Sub. Ins. 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 10

Percentage profit

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 11

By selling a fan for ₹ 600, a man loses 10%. To make a gain of 20%, the selling price of the fan should be       (SSC Multitasking 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 11

To make a gian of 20%, the S.P. of Fan should be

Hence, S.P. should be ₹800.

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 12

The cost price of a radio is ₹ 600. 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be       (SSC Multitasking 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 12

C.P. of a radio = ₹ 600
New C.P. after adding transportation charges

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 13

A dishonest grocer sells rice at a profit of 10% and also uses weights which are 20% less than the marked weight. The total gain earned by him will be       (SSC Multitasking 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 13

Let us consider a packet or rice marked 1kg. It's actual weight is 80% of 1000 gm = 800 gm
Let C.P. of each gm be ₹1.
Then, C.P. of this packet = ₹ 800
S.P. of this packet = 110% of C.P. of 1kg

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 14

A merchant allows a discount of 10% on marked price for the cash payment. To make a profit of 17%, he must mark his goods higher than their cost price by       (SSC Multitasking 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 14

Solving this type of question by short cut.

27 × 10 = 9y
y = 30%
Hence, He must mark his goods 30% higher than their cost price.

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 15

Two successive discounts of 70% and 30% are equivalent to a single discount is      (SSC Multitasking 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 15

Single discount =

'–' denotes discount. Hence, single discount equivalent to 79%.

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 16

A merchant purchases a wrist watch for ₹ 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is       (SSC Multitasking 2013)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 16

C.P. = ₹ 450; profit = 20%

Let the list price of the wrist watch be ₹x.
Then discount

According to quesiton,

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 17

A trader has a weighing balance that shows 1,200 gm for a kilogram. He further marks up his cost price by 10%. Then the net profit percentage is        (SSC CGL 2nd Sit. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 17

The trader professes to sell 1200 gm but sells only 1000 gm.
So profit = 20%
Markup = 10%
Total profit

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 18

A man sold an article at a loss of 20%. If he sells the article for ₹ 12 more, he would have gained 10%. The cost price of the article is        (SSC CGL 2nd Sit. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 18

From eqn. (1) and (2)

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 19

A businessman allows a discount of 10% on the written price. How much above the cost price must he mark his goods to make a profit of 17%?      (SSC CGL 2nf Sit. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 19

Let CP = ₹100
Then, S.P = ₹117
Let marked price be Rs x.
Then, 90% of x = 117
∴ Marked price = 30% above C.P.

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 20

A man makes a profit of 20% on the sale by selling 20 articles for ₹1. The number of articles he bought by ₹1       (SSC CGL 2nd Sit. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 20

C.P. of 20 articles
∴ Number of articles bought for ₹1.
= (6/5) x 20 = 24

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 21

A dealer offered a machine for sale for ₹27,500 but even if he had charged 10% less, he would have made a profit of 10%. The actual cost of the machine is        (SSC CGL 2nd Sit.  2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 21

If the C.P.of machine by ₹x, then

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 22

By selling 9 articles for a rupee, a man incurred a loss of 4%. To make a gain of 44%, the number of articles to be sold for a rupee is:       (SSC CGL 1st Sit. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 22

C.P. of 9 articles
∴ S.P. for a gain of 44 %

∴ Required number of articles

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 23

If a commission of 10% is given on the marked price of a work, the publisher gains 20%. If the commission is increased to 15%, the gain percent is:       (SSC CGL 1st Sit. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 23

C.P. of article = ₹ 100

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 24

A watch is sold at a profit of 30%. Had it been sold for ₹ 80 less, there would have been a loss of 10%. What is the cost price of rupees?      (SSC CGL 1st Sit. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 24

Difference of P% and L% = 30 – (– 10)= 40%

x = 200

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 25

'A' sells an article to 'B' at a profit of 20% and 'B' sells it to 'C' at a profit of 25%. If 'C' pays ₹1200, the cost price of the article originally (in ₹) is         (SSC CGL 1st Sit. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 25

Effective profit percent
∴ Original cost price

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 26

A discount of 30% on the marked price of a toy reduces its selling price by ₹30. What is the new selling price (in ₹)?       (SSC CGL 1st Sit. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 26

∵ 30% ≡ ₹30
∴ 100% ≡ ₹ 100
∴ New S.P. = 100 – 30 = ₹ 70

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 27

A sells an article to B at a gain of 10%, B sells it to C at a gain of 5%. If C pays ₹462 for it, what did it cost to A?          (SSC CHSL 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 27

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 28

The printed price of a book is ₹ 320. A retailer pays ₹ 244.80 for it. He gets successive discounts of 10% and an another rate. His second rate is :      (SSC CHSL 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 28

Printed price = ₹ 320, d1 = 10%
Let d2 = x%, Amount actually paid = ₹ 244.80
So, amount actually paid

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 29

The profit percent of a bookseller if he sells book at marked price after enjoying a commission of 25% on marked price will be:       (SSC CHSL 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 29

Let MP = 100
So, SP = 100 – 25% of 100
= 100 – 25 = 75
So, Profit percent

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 30

A bought an article, paying 5% less than the original price. A sold it with 20% profit on the price he had paid. What percent of profit did A earn on the original price ?        (SSC CHSL 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 30

Required % earned by A

= (114 –100)% = 14%

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 31

A man sold two articles at ₹ 375 each. On one, he gains 25% and on the other, he loses 25%. The gain or loss% on the whole transaction is :         (SSC CHSL 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 31

In such type of question,
Required % loss = (25)2/100%

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 32

Rahul bought two cycles for a total sum of ₹1,500. He sold one cylce at 20% loss and the other cycle at 20% gain. If the selling price of both the cycles is the same, find the cost price of the two cycles.        (SSC Sub. Ins. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 32

2 cycles – 1500
By options,

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 33

By selling an artcile for ₹ 21,000, a man gains 5%. To get a profit of 15%, he has to sell it for      (SSC Sub. Ins. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 33

∴ To get 15% profit he has to sell an article at ₹23000.

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 34

A bookseller makes 8% profit after selling the book at 10% discount. The ratio of the cost price to the marked price is       (SSC Sub. Ins. 2012)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 34

Let cost price (C.P.) = ₹ x & Marked price (M.P.) = ₹ 100

Cost price : Marked price

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 35

A man purchased some eggs at 3 for ₹ 5 and sold them at 5 for ₹ 12. Thus he gained ₹ 143 in all. The number of eggs he bought is      (SSC CGL 2nd Sit. 2011)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 35

∴ CP of 15 eggs = ₹ 25
∴ SP of 15 eggs = ₹ 36
∴ Gain = 36 – 25 = ₹ 11
∵ ₹11 ≡ 15 eggs

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 36

The cost price of an article is 64% of the marked price. The gain percentage after allowing a discount of 12% on the marked price is       (SSC CGL 2nd Sit. 2011)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 36

Marked price of article = ₹ 100 (let)
∴ C.P. of article = ₹ 64
∴ S.P. of article = ₹ 88
∴ Profit percent =

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 37

If the cost price of 15 articles is equal to the selling price of 12 articles, find gain %          (SSC CGL 2nd Sit. 2011)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 37

Percentage profit =

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 38

The difference between a discount of 40% on ₹500 and two successive discounts of 36%, 4% on the same amount is         (SSC CGL 2nd Sit. 2011)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 38

Single equivalent discount for 36% and 4%

∴ Required difference = 1.44% of 500

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 39

Marked price of an article is ₹275. Shopkeeper allows a discount of 5% and he gets a profit of 4.5%. The actual cost of the article is       (SSC CGL 2nd Sit. 2011)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 39

MP = 275
SP after discount of 5% = (95/100) x 275
CP where P % of 4.5 =

SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 40

The price of a commodity rises from ₹ 6 per kg to ₹ 7.50 per kg. If the expenditure cannot increase, the percentage of reduction in consumption is        (SSC CGL 2011)

Detailed Solution for SSC CGL Previous Year Questions: Profit & Loss - 4 - Question 40

Percentage increase =
∴ Percentage decrease in consumption
= (25/125) x 100 = 20%

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