There are 1-2 Profit and Loss Questions will be asked in SSC CGL Tier 1. Below are the frequently asked questions in SSC CGL Tier 1 Exam.
Questions
1. A material is purchased for Rs.600. If one fourth of the material is sold at a loss of 20% and the remaining at a gain of 10%, Find out the overall gain or loss percentage
1 ½ %
2 ½ %
3 ½ %
4 ½ %
Answer: B2. A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is
15 %
20 %
25 %
30 %
Answer: B3. A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.
Rs.1200
Rs.1260
Rs.1300
Rs.1330
Answer: B4. If the cost price is 25% of selling price. Then what is the profit percent.
150%
200%
300%
350%
Answer: C5. A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is.
15 %
20 %
21 %
23 %
Answer: C6. A book was sold for Rs.27.50 with a profit of 10%. If it were sold for Rs.25.75, then would have been percentage of profit and loss?
2 % profit
3 % profit
2 % loss
3 % loss
Answer: B7. A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was
Rs.100
Rs.150
Rs.200
Rs.250
Answer: C8. A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.
10%
20%
30%
40%
Answer: B9. A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.
Rs.25300
Rs.22300
Rs.24300
Rs.23300
Answer: A10. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25% then determine the value of x.
12
14
16
18
Answer: C11. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit
60 %
70 %
80 %
90 %
Answer: B12. Bananas are bought at the rate of 6 for Rs. 5 and sold at the rate of 5 for Rs. 6. Profit per cent is:
40 %
44 %
48 %
50 %
Answer: B13. A man bought oranges at the rate of 8 for Rs.34 and sold them at the rate of 12 for Rs.27. How many oranges should be sold to earn a net profit of Rs.45?
40
80
90
100
Answer: C14. A dealer sold two types of goods for Rs.10,000 each. On one of them, he lost 20% and on the other he gained 20%. His gain or loss per cent in the entire transaction was
2 % loss
4 % loss
2 % profit
4 % profit
Answer: B15. On selling an article for Rs170, a shopkeeper loses 15%. In order to gain 20%, he must sell that article at rupees:
200
210
220
240
Answer: D16. A sells a suitcase to B at 10% profit. B sells it to C at 30% profit. If C pays Rs 2860 for it, then the price at which a bought it is
1000
2000
3000
4000
Answer: B17. A tradesman sold an article at a loss of 20%. If the selling price had been increased by Rs. 100, there would have been a gain of 5%. The cost price of the article was:
Rs.200
Rs.300
Rs.400
Rs.500
Answer: C18. An item costing Rs. 840 was sold by a shopkeeper at a gain of 10% and it was again sold by the new buyer at a loss of 5%. Find selling price of the item is:
Rs. 877.80
Rs. 798
Rs. 924
Rs. 37.80
Answer: A19. A vendor sells lemons at the rate of 5 for Rs. 14. Gaining there by 40%. For how much did he buy a dozen lemons?
Rs. 20
Rs. 21
Rs. 24
Rs. 28
Answer: C20. A person buys 100 cups at Rs. 10 each. On the way 20 cups are broken. He sells the remaining cups at Rs. 11 each. His loss percent is.