Profit and Loss (SSC) (Part-4)

Total Questions: 50

1. A shopkeeper sold an article at a 26% profit. On selling it for ₹2,250 more, he would get a profit of 41%. If this article is sold at 12% profit, then the selling price would be: [SSC CHSL 11/07/2024 (3rd Shift)]

Correct Answer: (c) ₹16,800
Solution:

2. The cost price of 36 articles is the same as the selling price of N articles. If the profit is 20%, then the value of N is: [SSC CPO 27/06/2024 (1st Shift)]

Correct Answer: (d) 30
Solution:

3. The marked price of an article is 35% more than its cost price. If a discount of 15% is given, what will be the profit percentage ? [SSC CPO 27/06/2024 (2nd Shift)]

Correct Answer: (d) 14¾ %
Solution:

4. Aarav owns a watch worth ₹10,000. He sells it to Bhavin at a profit of 15%. After some days, Bhavin sells it back to Aarav at 15% loss. Find the percentage profit or loss faced by Aarav. [SSC CPO 27/06/2024 (2nd Shift)]

Correct Answer: (b) 17.25% profit
Solution:

Let the price of watch be ₹100
Buying price of watch for Bhavin
= 100 × 115% = ₹115
Price at which Aarav gets his watch back
= 115 × 85% = ₹97.75
Total profit of Aarav
= (15 + 2.25) = ₹17.25
So, the profit% of Aarav = 17.25%

5. A merchant bought two watches for ₹9,000 each. He sold one watch at a loss of 10%. At what price (in) should he sell the other watch to earn a profit of 18% overall? [SSC CPO 27/06/2024 (2nd Shift)]

Correct Answer: (c) 13,140
Solution:

6. A dishonest dealer sells his goods at 20% loss on the cost price but uses a faulty weight that weighs 25% less. His profit or loss percentage (rounded off to 2 decimal places) is: [SSC CPO 27/06/2024 (3rd Shift)]

Correct Answer: (d) 6.67%, profit
Solution:

7. A grocer purchased 10 kg rice for ₹700. He spends some amount on transportation and then sells it for 1,400. If the percentage of profit made by the grocer is 30%, then what is the amount (in ₹)he spends on transportation? (Round off to the nearest integer) [SSC CPO 27/06/2024 (3rd Shift)]

Correct Answer: (d) 377
Solution:

8. A shopkeeper buys oranges at the rate of 10 oranges for ₹50 and sells them at the rate of 12 oranges for ₹74. Find his gain or loss percentage. [SSC CPO 28/06/2024 (1st Shift)]

Correct Answer: (a) 23⅓% gain
Solution:

9. A retailer marks up his goods by 130% and offers 25% discount. What will be the selling price (in₹) if the cost price is ₹1600? [SSC CPO 28/06/2024 (1st Shift)]

Correct Answer: (b) 2760
Solution:

10. On the tag price, a seller offers a 10% discount and a cashback of ₹250. He still earns 10% profit. If the cost price is ₹1,200, then the tag price (rounded off to 2 decimal places) is_________. [SSC CPO 28/06/2024 (2nd Shift)]

Correct Answer: (c) 1744.44
Solution: