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

Dear maths lovers, Let your practice begins in minuteness but ends in magnificence.It is impossible to study maths properly by just reading and listening. So, practise, practise & more practise. For that, we are providing here Quant Quiz of 15 Questions on Profit and Loss in accordance with the syllabus of SSC CGL.We have also provided Study Notes and quizzes on all the topics.

Q1. A whole-seller allows a discount of 20% on the list price to a retailer. The retailer sells at 5% discount on the list price. If the customer paid Rs. 38 for an article, what profit is made by the retailer?

(a) Rs. 10

(b) Rs. 8
(c) Rs. 6
(d) Rs. 12

Q2. The cost of production of a cordless phone set in 2006 is Rs. 900, divided between material, labour and overheads in the ratio 3: 4: 2. If the cordless phone set is marked at a price that gives a 20% profit on the component of price accounted for by labour, what is the marked price of the set?

(a) Rs. 980
(b) Rs. 1080
(c) Rs. 960
(d) Rs. 1020

Q3. A dealer sold two TV sets for Rs. 2400 each, gaining 20% on one and losing 20% on the other set. Find his net gain or net loss.

(a) Rs. 300 loss

(b) Rs. 200 loss
(c) Rs. 200 gain
(d) Rs. 300 gain
Q4. On selling tea at Rs. 40 per kg a loss of 10% is incurred. Calculate the amount of tea (in kg) sold if the total loss incurred is Rs. 80.
(a) 12 kg
(b) 15 kg
(c) 18 kg
(d) 20 kg
Q5. A man sells a TV set for Rs. 3450 and makes a profit of 15%. He sells another TV at a loss of 10%. If on the whole, he neither gains nor loses, find the cost price of the second TV set.
(a) Rs. 4000
(b) Rs. 4400
(c) Rs. 4050
(d) Rs. 4500
Q6. A man sells a plot of land at 6% profit. If he had sold it at 10% profit, he would have received Rs. 200 more. What is the selling price of the land?
(a) Rs. 5000
(b) Rs. 5300
(c) Rs. 4800
(d) Rs. 5500
Q7. A man buys two cycles for a total cost of Rs. 900. By selling one for 4/5 of its cost and other for 5/4 of its cost, he makes a profit of Rs. 90 on the whole transaction. Find the cost price of the lower priced cycle.
(a) Rs. 360 
(b) Rs. 250
(c) Rs. 300
(d) Rs. 420
Q9. Anil bought an article at Rs. 200 and sold it at a profit of 10%. What would have been the increase in the profit percent if it was sold for Rs.230?
(a) 5%
(b) 10%
(c) 15%
(d) None of these
Q10. A owns a house worth Rs. 10,000. He sells it to B at a profit of 15%. After some time, B sells it back to A, at 15% loss. Find A’s loss or gain percent.
(a) 2.25% gain
(b) 6.25% gain
(c) 17.64% gain
(d) 17.25% gain
Q12. A dealer buys eggs at Rs. 36 per gross. He sells the eggs at a profit of 12½% on the cost price. What is the selling price per egg (approximately)? (1 gross = 144)
(a) 33 paise
(b) 30 paise
(c) 29 paise
(d) 28 paise
Q13. A reduction of 10% in the price of sugar enables a housewife to buy 6.2 kg more for Rs. 279. Find the reduced price per kilogram
(a) Rs. 5
(b) Rs. 4.5
(c) Rs. 4.05
(d) None of these
Q14. A firm dealing in furniture allows 4% discount on the marked price of each item. What price must be marked on a dining table that cost Rs400 to assemble, so as to make a profit of 20%?
(a) Rs. 475
(b) Rs. 480
(c) Rs. 500
(d) Rs. 520
Q15. A shopkeeper buys an article for Rs. 400 and marks it for sale at a price that gives him 80% profit on his cost. He, however, gives a 15% discount on the marked price to his customer. Calculate the actual percentage profit made by the shopkeeper.
(a) 62%
(b) 64%
(c) 53%
(d) 54%


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