Profit and Loss (SSC) (Part-6)

Total Questions: 50

21. If the selling price of an article is doubled, then the profit becomes four times. What was the original profit percentage? [SSC CGL 17/07/2023 (4th shift)]

Correct Answer: (c) 50%
Solution:

22. R lends some money to S on which S pays ₹17,000 more to R. S lends the same money to T, on which T pays 8.5% more to S. What should be the minimum amount (in ₹) that S must borrow so that he does not incur any loss in the process? [SSC CGL 19/07/2023 (3rd shift)]

Correct Answer: (a) 2,00,000
Solution:

23. A seller professes to sell his fruits at cost price but still gains 5 ⁵⁄₁₉%. How much does he give for 1 kg? %. [SSC CGL 20/07/2023 (2nd shift)]

Correct Answer: (d) 950 gm
Solution:

24. The cost price and selling price of rice are the same. Due to a faulty weighing machine, the seller earns a 15% profit. If Rs. x is the cost price of 1000 gm rice and the machine is changed which shows 1000 gm instead of 950 gm, what should be the selling price (in ₹) now to get the same percentage of profit? [SSC CGL 20/07/2023 (4th shift)]

Correct Answer: (c) 1.0925x
Solution:

25. A dishonest shopkeeper sells millet at 20 per kg which he has bought at 16 per kg and he is giving 800 gm instead of 1000 gm. Find his actual profit percentage. [SSC CGL 24/07/2023 (2nd shift)]

Correct Answer: (d) 56.25%
Solution:

26. A person marks his goods x% above the cost price and allows a discount of 12% on the marked price. If his profit is 10%, then the difference between x% and the profit percentage is: [SSC CGL 24/07/2023 (4th shift)]

Correct Answer: (a) 15%
Solution:

27. R's weighing machine shows 400 gm when the actual weight is 350 gm. The cost price of almonds is ₹880 per kg and packets of 200 gm are made using the faulty machine. What should be the selling price (in ₹) of each packet to get a profit of 25%? [SSC CGL 26/07/2023 (1st shift)]

Correct Answer: (d) 192.50
Solution:

28. Ram bought a cell phone and paid 30% less than its original price. He sold it at 50% profit on the price he had paid. The percentage of profit earned by Ram on the original price was: [SSC CGL 26/07/2023 (4th shift)]

Correct Answer: (d) 5%
Solution:

29. On selling a painting at Rs.1,498, the gain is 25% more than the loss incurred on selling it at Rs.1,300. In order to gain 25%, the selling price will be: [SSC CGL 27/07/2023 (1st shift)]

Correct Answer: (a) Rs.1,735
Solution:

30. The cost price of milk has increased to ₹62 from ₹60. The milkman sold milk at 10% profit earlier. What is his profit% now if he sells milk at the same rate? [Graduate Level 27/06/2023 (Shift-4)]

Correct Answer: (c) 6.45%
Solution: