Profit and Loss (SSC) (Part-7)

Total Questions: 50

1. A shopkeeper sells a book at a loss of 60 percent. Had he sold the book for Rs. 150 more, then he would have suffered a loss of 30 percent. To earn a profit of 20 percent, what should be the selling price of the book? [SSC MTS 13/06/2023 (Morning)]

Correct Answer: (b) Rs. 600
Solution:

2. If 80 percent of total articles are sold at a loss of 25 percent and remaining articles are sold at a profit of 20 percent, then what will be the overall loss percentage? [SSC MTS 13/06/2023 (Evening)]

Correct Answer: (c) 16%
Solution:

3. An article is sold at 5 percent loss. If its cost price is decreased by Rs. 20 and selling price is increased by Rs. 13, then profit of 10 percent is earned on it. What is the original selling price of the article? [SSC MTS 16/06/2023 (Morning)]

Correct Answer: (b) Rs. 221.66
Solution:

4. The profit earned by selling a jacket for Rs. 3860 is equal to the loss incurred by selling the same jacket for Rs. 1900. What should be the selling price of the jacket to earn 10 percent profit? [SSC MTS 16/06/2023 (Afternoon)]

Correct Answer: (b) Rs.3168
Solution:

5. Profit obtained on selling an article for Rs. 600 is equal to the loss incurred on selling the same article for Rs. 400. If selling price is Rs. 750, then what is the profit percentage? [SSC MTS 20/06/2023 (Afternoon)]

Correct Answer: (b) 50%
Solution:

6. Shivam purchased two watches, first for Rs. 12000 and the second for Rs. 16000. He sold both the watches, first one at the profit of 10 percent and the second at a loss of 10 percent. What is the overall profit or loss? [SSC MTS 20/06/2023 (Evening)]

Correct Answer: (d) Loss = Rs. 400
Solution:

7. A person sells wheat at a profit of 25 percent. If he reduces its selling price by Rs. 40, then he suffers a loss of 25 percent. What was the initial selling price of the wheat ? [SSC CHSL 09/03/2023 (1st Shift)]

Correct Answer: (d) Rs.100
Solution:

8. Vijay sells bananas at the rate of Rs. 14 per dozen and earns a profit of 40 percent. The cost price of bananas increases by 30 percent. If the selling price remains the same, then what is his new profit percent? [SSC CHSL 10/03/2023 (1st Shift)]

Correct Answer: (a) 7.69%
Solution:

9. The marked price of an article is 20 percent more than its cost price. What maximum discount percentage can be offered by the shopkeeper to sell his article so that there is no loss? [SSC CHSL 10/03/2023 (3rd Shift)]

Correct Answer: (a) 16.66 percentage
Solution:

10. A milk merchant buys 30 litres of milk at the rate of Rs. 50 per litre and mixes 20 litres of water in it (water is free of cost). If he sells this mixture at the rate of Rs. 48 per litre, then what is the profit percentage ? [SSC CHSL 13/03/2023 (2nd Shift)]

Correct Answer: (d) 60%
Solution: