Profit and Loss (SSC) (Part-8)

Total Questions: 38

21. Manjeet bought a second hand motorbike for ₹22,000 and spent ₹23,000 on its overhauling and maintenance. He then sold it with 12% profit. If he had sold it for ₹500 less, then what would have been his profit percentage ? [SSC CGL 20/04/2022 (Morning)]

Correct Answer: (b) 10%
Solution:

22. An article is sold at a certain price. If it is sold at 70% of this price, then there is a loss of 10%. What is the percentage profit, when it is sold at the original selling price? [SSC CGL 20/04/2022 (Evening)]

Correct Answer: (b) (200/7) %
Solution:

23. A vegetable vendor sold 1 kg of potatoes for Rs. 25 and earned 25% profit. In the evening, he started selling potatoes with only 10% profit. At what cost (in ₹) per kg did he sell the potatoes in the evening? [SSC CGL 21/04/2022 (Evening)]

Correct Answer: (d) 22
Solution:

24. An article is sold at a certain price. If it is sold at 33⅓ % of this price, there is a loss of 33⅓ %. What is the percentage profit if the article is sold at 80% of its original selling price? [SSC CGL Tier II (29/01/2022)]

Correct Answer: (b) 60%
Solution:

25. The cost prices of two articles are in the ratio 4 : 5. While selling these articles, the shopkeeper gains 10% on one article and 20% profit on the other article, and the difference in the selling price is ₹480. Find the total cost price of both the articles. [SSC MTS 06/10/2021 (Morning)]

Correct Answer: (b) ₹2,700
Solution:

26. When an article is sold for ₹768, the profit percentage is x%. When the same article is sold for ₹896, the profit percentage is (x + 20)%. What is the value of x? [SSC MTS 06/10/2021 (Evening)]

Correct Answer: (d) 20
Solution:

27. A man sold a radio and a TV set together for ₹30,400, thereby making a profit of 25% on the radio and 10% on the TV set. By selling them together for ₹30,700, he would have made a 10% profit on the radio and 25% on the TV set. The cost price of the radio is: [SSC MTS 12/10/2021 (Evening)]

Correct Answer: (b) ₹12,000
Solution:

28. A shopkeeper bought 500 notebooks. He sold 300 of them for the price he paid for all 500 notebooks. He sold 140 notebooks at a 20% higher rate than that at which he sold 300 notebooks and the remaining at the cost price. What is the profit percentage in the whole transaction? [SSC MTS 14/10/2021 (Afternoon)]

Correct Answer: (c) 68%
Solution:

29. A trader purchased 500 kg of sugar at ₹40 per kg. He sold 200 kg of it at a profit of 10% and 120 kg at a loss of 5%. At what rate per kg (in ₹, correct to 2 decimal places) should he sell the remaining sugar to gain 12% on his initial investment? [SSC MTS 18/10/2021 (Afternoon)]

Correct Answer: (c) 50.22
Solution:

30. A shopkeeper buys 60 oranges at 10 for ₹72, and an equal number at 12 for ₹90. He spends ₹118 on the transaction and sells all the oranges that he buys. If there is a profit of 26% in the entire transaction, then what is the selling price of 32 oranges? [SSC MTS 27/10/2021 (Afternoon)]

Correct Answer: (a) ₹336
Solution: