Profit and Loss (SSC-Maths) (Part-2)

Total Questions: 50

21. Each of the two merchants sell an article for ₹1,000. If Merchant A computes his profit on the cost price, while Merchant B computes his profit on the selling price, then they both end up making profits of 25%. By how much is the profit made by Merchant B more than that of Merchant A? [SSC MTS 09/10/2024 (Evening)]

Correct Answer: (d) ₹50
Solution:

22. A trader sells his goods at 25% profit. Had he bought it at 10% more and sold it for ₹75 more, he would have earned a profit of 25%. The cost price of the goods is: [SSC MTS 14/10/2024 (Evening)]

Correct Answer: (c) ₹600
Solution:

23. The cost price of some table lamps is ₹25,000. The shopkeeper will get ₹15,000 more If he sells these table lamps for ₹1,200 per lamp instead of ₹900 per lamp. Find the selling price of 23 table lamps if he earned 21% profit. [SSC MTS 22/10/2024 (Evening)]

Correct Answer: (b) ₹13,915
Solution:

24. A vendor bought a certain number of bananas at 6 for ₹5 and sold them at 4 for ₹3. Find his loss percentage. [SSC MTS 30/10/2024 (Afternoon)]

Correct Answer: (b) 10%
Solution:

25. Pankaj bought a watch at a price range from 1,500 to₹3,000 which are sold at prices ranging from 2,500 to₹3,500. If Pankaj sells such 10 watches, then the greatest possible profit (in) he made with the transaction is: [SSC MTS 13/11/2024 (Morning)]

Correct Answer: (d) 20,000
Solution:

For greatest possible profit Cost Price
should be minimum and Selling Price
should be maximum.
Hence, C.P. = 1500 and S.P. = ₹3500
Profit of 1 watch = 3500 - 1500 = ₹ 2000
Profit for 10 watches = ₹ 20,000

26. Vasudha claimed to sell her items at 18% above the cost of production, but used a weight that had 1 kg written on it, though it actually weighed y grams. If the actual profit percentage earned by Vasudha was 33⅓%, what is the value of y ? [SSC MTS 13/11/2024 (Morning)]

Correct Answer: (a) 885
Solution:

27. A shopkeeper sells one-fourth of his items at a loss of 12%, one-third of the remaining items at a profit of 44%, and the rest at a loss of 7%. What is his overall profit/loss percentage? [SSC MTS 13/11/2024 (Afternoon)]

Correct Answer: (b) 4.5% gain
Solution:

28. Find the gain percentage, given that Komal sold her scooter for ₹1980 gaining (1/5)th of the selling price. [SSC MTS 13/11/2024 (Evening)]

Correct Answer: (d) 25%
Solution:

29. The amount of profit and loss will be the same if an article is sold at ₹19,125 and ₹14,625. Find the percentage of profit if an article is sold at ₹19,125. [SSC MTS 14/11/2024 (Afternoon)]

Correct Answer: (b) 13⅓ %
Solution:

30. Which of the following equations is correct? [SSC MTS 14/11/2024 (Evening)]

Correct Answer: (c) SP = (100- loss%) x (CP/100)
Solution: