Sunday, March 15, 2015

Most Important Questions on Profit and Loss for SSC CGL Tier-1 and Tier-2 Exam

(1) A merchant buys an article for Rs 27 and sells it at a profit of 10% of the Selling Price. The selling price of the article is:

Rs 29.70

Rs 30

Rs 37

Rs 32

Ans - Rs 30

(2) A man purchases two fans for Rs 2,160. By selling one fan at a profit of 15% and the other at a loss of 9%, he neither gains nor loses in the whole transaction. Find the cost price of each fan in Rs.

710, 1450

1530, 630

810, 1350

1340, 820

Ans - 810 , 1350

(3) The cost price of 15 articles is same as the selling price of 10 articles. The profit percent is:

30%

40%

50%

45%

Ans - 50%

(4) The selling price of 5 articles is same as the cost price of 3 articles. The gain or loss is:

20% gain

25% gain

33.33% loss

40% loss

Ans - 40% Loss

(6) An article was sold at a profit of 12%. If the cost price would be 10% less and selling price would be Rs 5.75 more, there would be profit of 30%. Then at what price it should be sold to make a profit of 20%.

Rs 115

Rs 120

Rs 138

Rs 215

Ans - Rs 138

(7)If i would have purchased 11 articles for Rs 10 and sold all the articles at the rate of 10 for Rs 11, the profit percent would have been:

10%

11%

21%

100%

Ans- 21%

(8)A person bought 50 pens for Rs 50 each. He sold 40 of them at a loss of 5%. He wants to gain 10% on the whole. Then his gain percent on the remaining pens should be:

15

40

50

70

Ans - 70

(9)The cash difference between selling prices of an article at a profit of 4% and 6% is Rs 3. The ratio of the two selling prices is:

51:52

52:53

51:53

52:55

Ans - 52:53

(10)A person sells two machines at Rs 396 each. On one he gains 10% and on the other he loses 10%. His profit or loss in the whole transaction is:

no gain no loss

1% loss

1% Profit

8% Profit

Ans - 1% loss

(11)By selling an article for Rs 480, a person lost 20%. For what should he sell it to make a profit of 20%:

Rs 800

Rs 760

Rs 720

Rs 680

Ans - Rs 720

(12)A reduction of 20% in the price of sugar enables me to purchase 5 kg more for Rs 600. Find the price of sugar per kg before reduction of price:

(14)The marked price of an article is 50% above cost price. When marked price is increased by 20% and selling price is increased by 20%, the profit doubles. If original marked price is Rs 300. Then original selling price is:

Rs 200

Rs 250

Rs 240

Rs 275

Ans - Rs 250

(15) Profit after selling a commodity for Rs 524 is the same as loss after selling it for Rs 452. The cost price of the commodity is:

Rs 480

Rs 500

Rs 488

Rs 485

Ans - Rs 488

(16)Two - third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs 400, then the value of the consignment was:

Rs 15,000

Rs 15,500

Rs 16,000

Rs 16,500

Ans - Rs 15,000

(17) A man sold an article at a loss of 20%. If he has sold that article for Rs 12 more he would have gained 10%. Find the cost price of that article:

Rs 60

Rs 40

Rs 30

Rs 22

Ans - Rs 40

(18)A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs 225 for it, the cost price of the bicycle for A is:

Rs 110

Rs 125

Rs 120

Rs 150

Ans - Rs 150

(19)The difference between the selling prices of an article at a profit of 15% and at a profit of 10% is Rs 10. The cost price of the article is:

Rs 100

Rs 120

Rs 150

Rs 200

Ans - Rs 200

(20) A reduction of 20% in the price of salt enabled a purchaser to obtain 4 kg more for Rs 100. The reduced price of salt per kg is: