Profit and Loss (SSC)

Total Questions: 50

41. 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 when it is sold at 60% of the original selling price? [SSC CGL Tier II (11/09/2019)]

Correct Answer: (a) 20
Solution:

42. Sujata sold 25 articles for Rs. 1250 and she incurred a loss of 10%. How many articles should she sell for Rs. 2600 so that she can get a profit of 17% ? [SSC MTS 20/08/2019 (Morning)]

Correct Answer: (b) 40
Solution:

43. The sum of cost prices of A and B is Rs. 1200. The sum of the selling prices of A and B is Rs. 1390. If the profit of 10% and 20% is obtained on A and B respectively, then find the ratio between the cost prices of A and B. [SSC MTS 19/08/2019 (Afternoon)]

Correct Answer: (a) 5 : 7
Solution:

44. A shopkeeper earns the same percent of profit as well as loss by selling two similar pieces of furniture for Rs 18000 and Rs 10000, respectively. At what price should he sell it to earn a profit of 50%? [SSC MTS 14/08/2019 (Afternoon)]

Correct Answer: (a) Rs 21,000
Solution:

45. A shopkeeper gains 400% on a transaction. If the cost increases by 100% and there is no change in the selling price, then find the ratio between new profit and selling price. [SSC MTS 14/08/2019 (Morning)]

Correct Answer: (c) 3 : 5
Solution:

46. Parikh sold his pen at a profit of Rs 11. He calculated the profit percentage on selling price and found it to be 25%. the cost price (in Rs) of the pen is: [SSC MTS 13/08/2019 (Afternoon)]

Correct Answer: (a) 33
Solution:

47. If 20% of the goods are sold at 50% profit, 40% of the goods at 20% loss, 20% of the goods at 5% loss and the remaining at no loss or no profit, then the overall profit percentage is: [SSC MTS 09/08/2019 (Afternoon)]

Correct Answer: (d) 1%
Solution:

48. Two articles were sold for Rs 2400 each by a shopkeeper. The shopkeeper incurred no profit and no loss on the whole transaction. If one of the two articles sold at a profit of 20%, then what was the loss incurred on the other article? [SSC MTS 07/08/2019 (Afternoon)]

Correct Answer: (b) 400
Solution:

Here Selling price is same.
No profit and no loss condition
Profit earned on 1st item will be equal to
loss occured on 2nd item.
Fractional value of 20% = 1/5
For 1st item ⇒ 6 units = 2400 Rs
Profit (1 unit) = 400 Rs.
Therefore, Loss occurred on the second
item will also be equal to 400 Rs.

49. P sold an article to Q at a profit of 20%. Q sold the same article to R at a loss of 25%. R sold the same article to Tat a profit of 50%. If P bought the article at Rs 100, then at what price did T buy that article? [SSC MTS 06/08/2019 (Evening)]

Correct Answer: (d) 135
Solution:

50. A sold an article on 15% profit for Rs. 1495. He purchased another article whose cost price was equal to that of the first article. He sold this new article at 10% profit. What is the total profit of A ? [SSC MTS 05/08/2019 (Afternoon)]

Correct Answer: (a) 325
Solution: