Most Important Questions on Profit and Loss for SSC CGL Tier-1 and Tier-2 Exam

(1) A merchant buys an article for Rs 27 and sells it at a profit of 10% of the Selling Price. The selling price of the article is:

• Rs 29.70
• Rs 30
• Rs 37
• Rs 32
Ans - Rs 30

(2) A man purchases two fans for Rs 2,160. By selling one fan at a profit of 15% and the other at a loss of 9%, he neither gains nor loses in the whole transaction. Find the cost price of each fan in Rs.
• 710, 1450
• 1530, 630
• 810, 1350
• 1340, 820
Ans - 810 , 1350

(3) The cost price of 15 articles is same as the selling price of 10 articles. The profit percent is:
• 30%
• 40%
• 50%
• 45%
Ans - 50%

(4) The selling price of 5 articles is same as the cost price of 3 articles. The gain or loss is:
• 20% gain
• 25% gain
• 33.33% loss
• 40% loss
Ans - 40% Loss

(6) An article was sold at a profit of 12%. If the cost price would be 10% less and selling price would be Rs 5.75 more, there would be profit of 30%. Then at what price it should be sold to make a profit of 20%.
• Rs 115
• Rs 120
• Rs 138
• Rs 215
Ans - Rs 138

(7)If i would have purchased 11 articles for Rs 10 and sold all the articles at the rate of 10 for Rs 11, the profit percent would have been:
• 10%
• 11%
• 21%
• 100%
Ans- 21%

(8)A person bought 50 pens for Rs 50 each. He sold 40 of them at a loss of 5%. He wants to gain 10% on the whole. Then his gain percent on the remaining pens should be:
• 15
• 40
• 50
• 70
Ans - 70

(9)The cash difference between selling prices of an article at a profit of 4% and 6% is Rs 3. The ratio of the two selling prices is:
• 51:52
• 52:53
• 51:53
• 52:55
Ans - 52:53

(10)A person sells two machines at Rs 396 each. On one he gains 10% and on the other he loses 10%. His profit or loss in the whole transaction is:
• no gain no loss
• 1% loss
• 1% Profit
• 8% Profit
Ans - 1% loss

(11)By selling an article for Rs 480, a person lost 20%. For what should he sell it to make a profit of 20%:
• Rs 800
• Rs 760
• Rs 720
• Rs 680
Ans - Rs 720

(12)A reduction of 20% in the price of sugar enables me to purchase 5 kg more for Rs 600. Find the price of sugar per kg before reduction of price:
• Rs 24
• Rs 30
• Rs 32
• Rs 36
Ans - Rs 30

(13)A person sells 320 mangoes at the cost price of 400 mangoes. His gain per cent is:
• 10%
• 15%
• 20%
• 25%
Ans - 25%

(14)The marked price of an article is 50% above cost price. When marked price is increased by 20% and selling price is increased by 20%, the profit doubles. If original marked price is Rs 300. Then original selling price is:
• Rs 200
• Rs 250
• Rs 240
• Rs 275
Ans - Rs 250

(15) Profit after selling a commodity for Rs 524 is the same as loss after selling it for Rs 452. The cost price of the commodity is:
• Rs 480
• Rs 500
• Rs 488
• Rs 485
Ans - Rs 488

(16)Two - third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs 400, then the value of the consignment was:
• Rs 15,000
• Rs 15,500
• Rs 16,000
• Rs 16,500
Ans - Rs 15,000

(17) A man sold an article at a loss of 20%. If he has sold that article for Rs 12 more he would have gained 10%. Find the cost price of that article:
• Rs 60
• Rs 40
• Rs 30
• Rs 22
Ans - Rs 40

(18)A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs 225 for it, the cost price of the bicycle for A is:
• Rs 110
• Rs 125
• Rs 120
• Rs 150
Ans - Rs 150

(19)The difference between the selling prices of an article at a profit of 15% and at a profit of 10% is Rs 10. The cost price of the article is:
• Rs 100
• Rs 120
• Rs 150
• Rs 200
Ans - Rs 200

(20) A reduction of 20% in the price of salt enabled a purchaser to obtain 4 kg more for Rs 100. The reduced price of salt per kg is:
• Rs 4
• Rs 5
• Rs 6.25
• Rs 6.50
Ans - Rs 5