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. By selling a VCP player for Rs. 1,950, I got a profit of 50%. At what price should I have sold it in order to get a profit of 30%?
(a) Rs. 2,000
(b) Rs. 1,690
(c) Rs. 2,500
(d) None of these

Q2. The profit obtained by selling a book for Rs. 60 is the same as the loss obtained by selling this book for Rs. 42. What is the cost price of the book?
(a) Rs. 40
(b) Rs. 50
(c) Rs. 51
(d) None of these

Q3. A man bought a shirt at 3/4th of its list price and sold it at 50% above its list price. What is his percentage gain in the transaction?
(a) 50%
(b) 70%
(c) 80%
(d) 100%

Q4. Saurabh sold 250 cycles and had a gain equal to the selling price of 100 cycles. What is his profit percentage?
(a) 66.66%
(b) 20%
(c) 10%
(d) None of these

Q5. A man sold an article at a profit of 10%. If he had charged Rs. 45 more his profit percentage would have been 25%. What is the cost price?
(a) Rs. 200
(b) Rs. 300
(c) Rs. 250
(d) None of these

Q6. A man buys 200 oranges for Rs. 10. How many oranges a rupee can he sell so that his profit percentage is 33.33%?
(a) 10
(b) 14
(c) 15
(d) 20

Q7. By selling an article for Rs. 450, the loss incurred is 10%. At what minimum price should he sell that article to avoid loss?
(a) Rs. 320
(b) Rs. 324
(c) Rs. 396
(d) Rs. 500

Q8. The owner of Book Point does not get either profit or loss by selling 15 books for Rs. 225. How many books should he sell for the same amount to gain 25% profit?
(a) 10
(b) 11
(c) 12
(d) 13

Q9. CP of 15 apples is equal to the SP of 9 apples and the discount on 10 apples is equal to the profit on 5 apples. What is the percentage difference between the CP and SP of apples?
(a) 20%
(b) 25%
(c) 16.66%
(d) None of these

Q10. In winters, a metre scale shrinks and starts reading 900 cm for every 1000 cm. If the shopkeeper is selling the cloth at his CP, what is his loss percentage?
(a) 11.11%
(b) 10%
(c) 12.5%
(d) None of these

Q11. Despite giving a discount of 11.11% on the markup price, profit obtained is equal to 14.28%. What is the percent markup over CP?
(a) 14.28%
(b) 28.56%
(c) 25%
(d) 50%

Q12. A shopkeeper wants to earn a profit of 20% and at the same time, the minimum discount which he wants to offer is 25%. What should be the minimum percentage markup over CP?
(a) 60%
(b) 42.5%
(c) 62.5%
(d) 35%

Q13. An article when sold at 10% discount on the marked price gave a profit of Rs. 70. What is the CP?
(a) Rs. 700
(b) Rs. 350
(c) Rs. 125
(d) Cannot be determined

Q14. A supplier sells 20 pens at the marked price of 18 pens to a retailer. The retailer, in turn, sells them at the marked price. What is the percentage profit or percentage loss of the retailer?
(a) Loss 25%
(b) Profit 11.11%
(c) Loss 20%
(d) Profit 20%

Q15. The Sum of the CP’s of two cars is Rs. 1,00,000. 1st car is sold at a profit of 20% and the 2nd car is sold at a loss of 20%. However, their SPs are same. What is the CP of the 1st car?
(a) Rs. 40,000
(b) Rs. 60,000
(c) Rs. 52,400
(d) Rs. 47,600

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