Must-Do Questions of Profit and loss for SSC CGL Tier-II 2016

November 2, 2016 Share Like Labels: ssc

Q1. A trader buys a chair for Rs. 600 and sells it for Rs. 765 at a credit of 4 months Reckoning money worth 6% p.a. his gain percent is:
(a) 20%
(b) 22 1/2%
(c) 25%
(d) 27 1/2%

Q2. A property dealer sells a house for Rs. 6,30,000 and in the bargain, makes a profit of 5%. Had he sold it for Rs. 5,00,000, then what percentage of loss or gain he would have made?

Q3. The ratio between the sale price and the cost price of an article is 7: 5. What is the ratio between the profit and the cost price of that article?
(a) 2: 7
(b) 5: 2
(c) 7: 2
(d) None of these

Q4. A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be:
(a) 40
(b) 100
(c) 120
(d) 140

Q5. If selling price is doubled, the profit triples. Find the profit percent.
(a) 66 2/3
(b) 100
(c) 105 1/3
(d) 120

Q6. 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?
(a) 30%
(b) 70%
(c) 100%
(d) 250%

Q7. The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit?
(a) Rs. 920
(b) Rs. 960
(c) Rs. 1060
(d) Rs. 1200

Q8. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is:
(a) 25%
(b) 33 1/3%
(c) 50%
(d) 66 2/3%

Q9. A man buys 2 dozen bananas at Rs. 16 per dozen. After selling 18 bananas at the rate of Rs. 12 per dozen, the shopkeeper reduced the rate to Rs. 4 per dozen. The percent loss is:
(a) 25.2%
(b) 32.4%
(c) 36.5%
(d) 37.5%

Q10. A man bought apples at the rate of 8 per Rs. 34 and sold them at the rate of 12 for Rs. 57. How many apples should be sold to earn a net profit of Rs. 45?
(a) 90
(b) 100
(c) 135
(d) 150

Q11. A man bought same fruits at the rate of 16 for Rs. 24 and sold them at the rate of 8 for Rs. 18. What is the profit percent?
(a) 25%
(b) 40%
(c) 50%
(d) 60%

Q12. By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?
(a) 5
(b) 8
(c) 10
(d) 15

Q13. Padam purchased 30 kg of rice at the rate of Rs. 17.50 per kg and another 30-kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs. 18.60 per kg and made 20% overall profit. At what price per kg did he purchased the lot of another 30-kg rice?
(a) Rs. 12.50
(b) Rs. 13.50
(c) Rs. 14.50
(d) Rs. 15.50

Q14. A trader mixes three varieties of groundnuts costing Rs. 50, Rs. 20 and Rs. 30 per kg in the ratio 2 : 4 : 3 in terms of weight, and sells the mixture at Rs. 33 per kg. What percentage of profit does he make?
(a) 8%
(b) 9%
(c) 10%
(d) 11%

Q15. A dairyman pays Rs. 6.40 per litre of milk. He adds water and sells the mixture of Rs. 8 per litre, thereby making 37.5% profit. The proportion of water to milk received by the customers is:
(a) 1: 10
(b) 1: 12
(c) 1: 15
(d) 1: 20