Profit and Loss (SSC)

Total Questions: 50

11. A shopkeeper claims to sell 450 kg rice at a cost price of ₹40 per kg but uses a weight of 900 grams instead of a one kilogram weight. He makes a profit of 2,520 by selling the remaining rice in the black market. The ratio of the black-market price to the original price per kg of rice is: [Higher Secondary 25/06/2024 (Shift-2)]

Correct Answer: (a) 7 : 5
Solution:

12. A person bought bananas at 6 for 12 and sold them at 8 for ₹10. Find his gain or loss percentage? [Matriculation Level 25/06/2024 (Shift-1)]

Correct Answer: (b) 37.5% loss
Solution:

13. A sells a watch to B at a profit of 33% and B sells it to C at a loss of 20%. If C pays ₹532, then what was the cost price for A? [SSC CHSL Tier II 10/01/2024]

Correct Answer: (a) ₹500
Solution:

14. B purchased 15 kg apples at the rate of 180 per kg from a wholesaler who uses a weight of 950 grams for the kg weight. B sold all these apples at ₹180 per kg but used a weight of 750 grams for the kg weight. Find the percentage profit earned by B in the transaction (correct to 2 places of decimal). [SSC CGL Tier II (26/10/2023)]

Correct Answer: (d) 26.67%
Solution:

15. Aditya sold article X at a profit of 23% and article Y at a loss of 13%. He earned a profit of ₹180 in the entire transaction. If article X costs ₹90 less than article Y, then what is the price of article Y (in ₹)? [SSC CPO 03/10/2023 (3rd Shift)]

Correct Answer: (a) 2,007
Solution:

16. A company buys raw materials for 10,000 and manufactures a product that costs an additional ₹5,000 in labour and overhead. The product is sold to a distributor for ₹25,000, who marks it up by 20% and sells it to a retailer. The retailer then marks it up by another 25% and sells it to the end customer. What is the overall percentage profit made by the company, distributor, and retailer combined? [SSC MTS 11/09/2023 (3rd Shift)]

Correct Answer: (b) 150%
Solution:

17. ‍By selling a TV set for ₹16,800, a salesman gains a profit of 20%. If the production cost is increased by 20%, find the new selling price of the set so as to gain 20%. [SSC MTS 04/09/2023 (1st Shift)]

Correct Answer: (c) ₹20,160
Solution:

18. Arun brought 50 kg of rice at a discount of 15% on the marked price. For purchasing bulk quantity, he was given 5 kg of wheat (the marked price of which was 60% the marked price of rice) free of cost. Had the retailer sold both items at their marked price to his other customers, then approximately what would be the profit percentage that the shopkeeper could earn? [SSC CHSL 14/08/2023 (1st Shift)]

Correct Answer: (a) 24.7%
Solution:

19. A fruit seller buys 480 bananas for 1,200. Some of these bananas are rotten and hence, they are thrown away. He sells the remaining bananas at ₹3.5 each and makes a profit of ₹396. What is the percentage of bananas thrown away? [SSC CHSL 11/08/2023 (4th Shift)]

Correct Answer: (c) 5%
Solution:

20. A tailor buys lining clothes from a wholesale merchant and cheats him by using a measurement tape which is 5 cm longer than the normal tape. The tailor offers the customers at cost price while stitching different garments and uses measurements tape which is 5 cm shorter than the normal tape. The gain percent is: [SSC CHSL 03/08/2023 (3rd Shift)]

Correct Answer: (d) 10¹⁰⁄₁₉ %
Solution: