You can prepare effectively for SSC CGL Quantitative Aptitude for SSC CGL with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Profit and Loss- 5". These 20 questions have been designed by the experts with the latest curriculum of SSC CGL 2026, to help you master the concept.
Test Highlights:
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A man purchases some apples at the rate of 3 for Rs 4 and same quantity at 4 for Rs 7. If he sells all the apples at the rate of 5 for Rs 9, find his gain or loss percent?
Detailed Solution: Question 1
A man buys some quantity of rice for Rs 4800. He sells one third of it at a profit of 10%. At what percent gain should he sell the remaining two-third so as to make an overall profit of 20% on the whole transaction?
Detailed Solution: Question 2
A dealer sold two ACs at Rs. 5940 each. On selling one AC he gained 10% and on selling the other he lost 10%. Find the dealer’s gain or loss percent?
Detailed Solution: Question 3
A, B and C invests rupees 2000, 8000 and 10000 respectively in a business. At the end of the year the balance sheet shows a loss of 40% of the initial investment. Find the share of loss of B.
Detailed Solution: Question 4
A shopkeeper buys 60 cycles and marks them at 20% above the cost price. He allows a discount of 10% on the marked price for cash sale and 5% discount for credit sales. If three-fourth of the cycles are sold at cash and remaining for credit, the total profit be Rs. 11400. What is the cost price of a cycle?
Detailed Solution: Question 5
A sold his bike to B at a loss of 20%. B spent rupees 1500 on its repair and sold the bike to C for 42000, thereby making a profit of 5%. Find the cost of bike for A?
Detailed Solution: Question 6
A wholesaler sells 30 pens at the marked price of 20 pens to the retailer. The retailer in turns sells them at the marked price. Determine the loss or gain percent?
Detailed Solution: Question 7
A defective chair costing rupees 2000 is being sold at 10% loss. If the price is further reduced by 8 percent. Find its approximate selling price?
Detailed Solution: Question 8
A person saves 20 percent of his income. If the income of that person increased by 16 percent and he decided to save 25 percent, then find the percent increase in his saving as compared to previous one.
Detailed Solution: Question 9
The percent profit when an article is sold for rupees 400 is twice than when the same article is sold for 250. The cost price of the article is-
Detailed Solution: Question 10
By selling 55 meters of cloth a merchant gains the cost price of 11 meters. Find his gain percent?
Detailed Solution: Question 11
A trader buys 1260 kg of wheat. One-fourth of which he sells at a gain of 5 percent, one-third at a gain of 8 percent and the remaining at a gain of 12 percent. If he had sold the whole lot at a gain of 10 percent, he would have gained Rs 40.95 more. Find the cost price per kg?
Detailed Solution: Question 12
If a trader estimates his loss as 10% of the selling price, what is his real loss percent?
Detailed Solution: Question 13
What will be percentage profit after selling an article at a certain price if there is a loss of 30% when the article is sold at 1/3 of the previous selling price?
Detailed Solution: Question 14
A dealer sells a table for Rs 460 making a profit of 10%. He sells another table at a loss of 5% and on the whole he makes neither profit nor loss. What did the second table cost him
Detailed Solution: Question 15
A farmer sold a goat and a cow for rupees 800 and got a profit of 20% on goat and 25% on cow. If he sells the goat and the cow for rupees 820, he gets a profit of 25% on goat and 20% on cow. Find the cost price of cow?
Detailed Solution: Question 16
A shopkeeper bought 120 chairs at the rate of 250 each. He spends 3000 rupees on transportation. He marked the price of each chair at 400 rupee. On the marked price he gives 10% discount, and then find the profit incurred by the shopkeeper.
Detailed Solution: Question 17
A milkman buys some milk. If he sells it at rupees 10 a litre, he losses 800 rupees but when he sells it at 12 a litre, he gains 600 rupees. How much milk did he purchase ?
Detailed Solution: Question 18
If a discount of 10 percent is given on the marked price of the article then the seller gains 20 percent profit. Find the percent profit if the article is sold at 20 percent discount.
Detailed Solution: Question 19
A t what price must a trader sell the mixture of 60 kg sugar at Rs 7 per kg with 120 kg at Rs 8 per kg to gain 20%?
Detailed Solution: Question 20
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