Profit and Loss (SSC)

Total Questions: 50

1. A refrigerator manufacturer earns a profit of 15% by selling each refrigerator for Rs. 17,250. If the cost of production increases by 18%, then What should be the selling price of the refrigerator to earn a profit of 18% ? [SSC MTS 22/10/2024 (Morning)]

Correct Answer: (a) ₹ 20,886
Solution:

2. A shopkeeper has a fault of 100 g in a 3 kg weight. He sold 3 kg of potatoes to Charu using the same faulty weight for ₹46. The cost price of the potatoes for the seller was 12 per kg. How much profit (in) did he earn on the potatoes ? [SSC CGL 26/09/2024 (3rd Shift)]

Correct Answer: (c) 11.2
Solution:

3. If books bought at prices ranging from 200 to ₹260 are sold at prices ranging from ₹250 to 300, what is the greatest possible profit that might be made in selling 25 books? [SSC CGL 26/09/2024 (1st Shift)]

Correct Answer: (b) ₹2,500
Solution:

4. A vendor started selling vegetables at 10 per kg, but couldn't find buyers at this rate. So he reduced the price to ₹7.2 per kg, but uses a faulty weight of 900 g instead of 1 kg. Find the percentage change in the actual price. [SSC CGL 19/09/2024 (1st Shift)]

Correct Answer: (c) 20%
Solution:

5. A seller sold 19 cookies for ₹95 instead of 20 cookies in one kg, cheating a customer. What is the gain (in ₹) if the seller bought the cookies for ₹76? [SSC CGL 18/09/2024 (3rd Shift)]

Correct Answer: (c) 22.8
Solution:

6. If a shopkeeper sells sugar at ₹44.8 per kg, he is able to make a 12% profit. Due to water seepage, 1/5 of the sugar is damaged. What should now be the selling price per kg of the rest of the sugar to have a 5% profit? [SSC CGL 17/09/2024 (1st Shift)]

Correct Answer: (b) ₹52.5
Solution:

7. By selling 30 metres of cloth a shopkeeper makes a profit equivalent to the selling price of 10 metres of cloth. Find the selling price of 1 metre of cloth when the cost price of 1 metre of cloth is ₹480. [SSC CHSL 03/07/2024 (3rd Shift)]

Correct Answer: (c) ₹720
Solution:

8. A reduction of 7.5% in the cost price of a commodity enables a shopkeeper to purchase 15 kg more than what he previously purchased for a sum of ₹7,400. In order to make a profit of 32.5% on the pre-reduction cost price of the commodity, at what price (in ₹) per kg should the commodity be sold? [SSC CPO 28/06/2024 (1st Shift)]

Correct Answer: (b) 53
Solution:

9. Ramanna purchased raw materials for a certain price to manufacture a product. However, owing to shortage of labour, 22.5% of the raw materials could not be utilised and got wasted. 80% of the cost of raw materials used was added as the cost of manufacturing. If Ramanna could sell his product at a price to earn an overall profit of 20% after offering a discount of 20%, how many times of the total cost of the raw materials purchased was the marked price of the product? [SSC CPO 27/06/2024 (1st Shift)]

Correct Answer: (c) 2.43 times
Solution:

10. During the lockdown, a state government gives 4.5 kg of rice to each person of a family at a cost price of ₹40 per kg. But the distributor uses false weight of 3.75 kg instead of 4.5 kg and distributes the rice. The accumulated rice was sold in the black market at double the price. He showed the government that he distributed 2700 kg of rice. When caught, he was made to pay a fine of 125% of what he earned in the black market. What was his fine amount? [Higher Secondary 26/06/2024 (Shift-2)]

Correct Answer: (a) ₹45,000
Solution: