# SSC CGL Profit and Loss Questions

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# SSC CGL Profit and Loss Questions

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. 1 ½ %
2. 2 ½ %
3. 3 ½ %
4. 4 ½ %

Answer: B

2. A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

1. 15 %
2. 20 %
3. 25 %
4. 30 %

Answer: B

3. 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.

1. Rs.1200
2. Rs.1260
3. Rs.1300
4. Rs.1330

Answer: B

4. If the cost price is 25% of selling price. Then what is the profit percent.

1. 150%
2. 200%
3. 300%
4. 350%

Answer: C

5. A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is.

1. 15 %
2. 20 %
3. 21 %
4. 23 %

Answer: C

6. 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?

1. 2 % profit
2. 3 % profit
3. 2 % loss
4. 3 % loss

Answer: B

7. 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

1. Rs.100
2. Rs.150
3. Rs.200
4. Rs.250

Answer: C

8. A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.

1. 10%
2. 20%
3. 30%
4. 40%

Answer: B

9. 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%.

1. Rs.25300
2. Rs.22300
3. Rs.24300
4. Rs.23300

Answer: A

10. 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.

1. 12
2. 14
3. 16
4. 18

Answer: C

11. 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

1. 60 %
2. 70 %
3. 80 %
4. 90 %

Answer: B

12. 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:

1. 40 %
2. 44 %
3. 48 %
4. 50 %

Answer: B

13. 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?

1. 40
2. 80
3. 90
4. 100

Answer: C

14. 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

1. 2 % loss
2. 4 % loss
3. 2 % profit
4. 4 % profit

Answer: B

15. On selling an article for Rs170, a shopkeeper loses 15%. In order to gain 20%, he must sell that article at rupees:

1. 200
2. 210
3. 220
4. 240

Answer: D

16. 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

1. 1000
2. 2000
3. 3000
4. 4000

Answer: B

17. 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:

1. Rs.200
2. Rs.300
3. Rs.400
4. Rs.500

Answer: C

18. 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:

1. Rs. 877.80
2. Rs. 798
3. Rs. 924
4. Rs. 37.80

Answer: A

19. 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?

1. Rs. 20
2. Rs. 21
3. Rs. 24
4. Rs. 28

Answer: C

20. 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.

1. 15
2. 10
3. 5
4. 12

Answer: D