Previous Year Profit and Loss Questions for SSC CGL/MTS Exams


Dear Readers, Here We are providing a quant Quiz of 15 questions on Profit and Loss, in accordance with the syllabus of SSC CGL. Most of these Questions are asked in various examinations of SSC. It will give you an implicit idea of Maths Question Paper of SSC CGL 2017.

Q1. A shopkeeper sells two items at the same price. If he sells one of them at a profit of 10% and the other at a loss of 10%, find the percentage profit/loss.Also, find the value of the loss incurred if the S.P of each item is Rs. 99.  
(a) 1% loss, Rs. 2
(b) 2% loss, Rs. 4
(c) 10% loss, Rs. 10
(d) 5% loss, Rs. 9

Q2. A reduction in the price of petrol by 10% enables a motorist to buy 5 gallons more for Rs. 180. Find the original price of petrol  

(a) Rs. 8

(b) Rs. 10
(c) Rs. 4
(d) Rs. 5

Q3. A fruit vendor recovers the cost of 25 mangoes by selling 20 mangoes. Find his percentage profit.
(a) 10%
(b) 25%
(c) 20%
(d) 15%

Q4. The marked price of a table is Rs. 1200, which is 20% above the cost price. It is sold at a discount of 10% on the marked price. Find the profit percent.
(a) 10%
(b) 8%
(c) 7.5%
(d) 6%

Q5. A shopkeeper marks the price of an article at Rs. 80. Find the cost price if after allowing a discount of 10% ,he still gains 20% on the cost price.  
(a) Rs. 53.33
(b) Rs. 70
(c) Rs. 75
(d) Rs. 60

Q6. In the above question, what will be the selling price if he allows two successive discounts of 5% each?  
(a) Rs. 22
(b) Rs. 72.20
(c) Rs. 75
(d) Rs. 71.66

Q7. In a certain store, the profit is 320% of the cost price. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
(a) 30%
(b) 70%
(c) 100%
(d) 250%

sol.Let the cost price be Rs 100
so profit = 320
and S.P= 420
new C.P = 125
and S.P = 420
so profit = S.P – C.P
             = 420 – 125
             = 295
so, (profit/S.P) x 100 =70% (approx.)

sol.Let S.P   = Rs 30
New S.P = 2/3 of 30
             = 20
loss = 10%
S0,C.P = 20/0.9
          = 200/9

gain  = {30-(200/9)}
gain % at original price = 35%.

Q9. If the selling price is doubled, the profit triples. Find the profit percent.
(a) 200/3
(b) 100
(c) 200
(d) 120

Q10. An article is sold at a loss of 10%. Had it been sold for Rs. 9 more, there would have been a gain of 12½%  on it, then what is the cost price of the article?
(a) Rs. 74
(b) Rs. 60
(c) Rs. 40
(d) Rs. 80

Q12. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. What is his profit percentage?
(a) 6%
(b) 5%
(c) 4%
(d) 7%

Sol.Cost =(26×20 + 30×36)
                = Rs 1600
S.P of 56 kg rice   = 30×56
                           = 1680
 Thus, profit% = 5%

Q13. A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. The marked price is increased above the cost price by:
(a) 20%
(b) 39%
(c) 40%
(d) 50%

Q14. A merchant has 1000 kg of sugar, part of which he sells at 8% profit and the rest at 18% profit. He gains 14% on the whole, the quantity sold at 18% profit is.
(a) 500 kg
(b) 600 kg
(c) 400 kg
(d) 640 kg

Q15. A shopkeeper gains 38% after allowing a discount of 8% on the marked price of an article. But if only one-third of the discount is offered while selling the item, what will be the approximate profit percentage gained?    
(a) 40%
(b) 38%
(c) 46% 
(d) 45%


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