SSC CGL level Question Set 29, Profit and loss 2

29th SSC CGL level Question Set, 2nd on topic Profit and loss

SSC CGL Question Set 29 profit and loss

This is the 29th question set of 10 practice problem exercise for SSC CGL exam and 2nd on topic Profit and loss. Students should complete this question set in prescribed time first and then only refer to the corresponding solution set.

We will repeat here the method of taking a 10 problem test if you have not gone through it already.

Method for taking this 10 problem test and get the best results from the test set:

  1. Before start, go through the tutorials Numbers, Number system and basic arithmetic operations, Factorizing or finding out factors, HCF and LCM, Basic concepts on fractions and decimals part 1, Ratio and proportion or any other short but good material to refresh your concepts if you so require.
  2. Answer the questions in an undisturbed environment with no interruption, full concentration and alarm set at 12 minutes.
  3. When the time limit of 12 minutes is over, mark up to which point you have answered, but go on to complete the set.
  4. At the end, refer to the answers given in the companion 29th SSC CGL solution set on Profit and loss 2, to mark your score at 12 minutes. For every correct answer add 1 and for every incorrect answer deduct 0.25 (or whatever is the scoring pattern in the coming test). Write your score on top of the answer sheet with date and time.
  5. Identify and analyze the problems that you couldn't do to learn how to solve those problems.
  6. Identify and analyze the problems that you solved incorrectly. Identify the reasons behind the errors. If it is because of your shortcoming in topic knowledge improve it by referring to only that part of concept from the best source you get hold of. You might google it. If it is because of your method of answering, analyze and improve those aspects specifically.
  7. Identify and analyze the problems that posed difficulties for you and delayed you. Analyze and learn how to solve the problems using basic concepts and relevant problem solving strategies and techniques.
  8. Give a gap before you take a 10 problem practice test again.

Important: both practice tests and mock tests must be timed, analyzed, improving actions taken and then repeated. With intelligent method, it is possible to reach highest excellence level in performance.

Resources that should be useful for you

You may refer to:

7 steps for sure success in SSC CGL tier 1 and tier 2 competitive tests or section on SSC CGL to access all the valuable student resources that we have created specifically for SSC CGL, but generally for any hard MCQ test.

Tutorials that you should refer to

Numbers, Number system and basic arithmetic operations

Factorizing or finding out factors

HCF and LCM

Basic concepts on fractions and decimals part 1

Ratio and proportion

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29th question set - 10 problems for SSC CGL exam: topic Profit and loss - Answering time 12 mins

Problem 1.

A manufacturer sells an article to a wholesale dealer at a profit of 10%. The wholesale dealer sells it to a shopkeeper at 20% profit. Ultimately, the shopkeeper sells it to a customer at a price of Rs. 56100, suffering a loss of 15%. The cost price of the article for the manufacturer is then,

  1. Rs. 10000
  2. Rs. 25000
  3. Rs. 50000
  4. Rs. 55000

Problem 2.

The ratio in which a variety of Darjeeling tea at Rs. 32/kg is mixed with a variety of Assam tea costing Rs. 25/kg to get a gain of 20% by selling the blended tea at Rs. 32.40/kg is,

  1. 4 : 3
  2. 2 : 5
  3. 3 : 4
  4. 5 : 2

Problem 3.

As a marketing campaign a company decides to offer an extra amount of 20% of a toothpaste free without any change in price. If per gm total cost of the toothpaste to the company is same and original profit were 80% on this particular product, what would be the new profit after the free offer?

  1. 40%
  2. 50%
  3. 60%
  4. 70%

Problem 4.

A man sells 320 mangoes at the cost price of 600 oranges when prices of mango to orange are in the ratio of 3 : 2. What is his gain percent?

  1. 10%
  2. 15%
  3. 20%
  4. 25%

Problem 5.

Ramu started business with a capital of Rs. 100000. Bishu joined the business one year later with a capital contribution of Rs. 200000. At the end of three years from the start of the business, the profit earned was Rs. 84000. The share of Bishu in the profit exceeded that of Ramu by,

  1. Rs. 15000
  2. Rs. 14000
  3. Rs. 12000
  4. Rs. 10000

Problem 6.

An article was sold at a profit of 4%, but due to general price rise, the cost of the article to the company rose by 30%. As a temporary measure, to watch the market trend, the company decided not to increase the price of the article for three months. What percent of loss the company would suffer on the article during this three month period?

  1. 40%
  2. 20%
  3. 50%
  4. 20%

Problem 7.

Due to market pressure a tradesman first discounted an article by 5% on its marked price and then again decided to offer a further discount of 4%. The selling price as a percent of original marked price after two discounts is finally,

  1. 93.2%
  2. 92.8%
  3. 91.2%
  4. 91.8%

Problem 8.

A dealer buys an article marked at Rs. 25000 on two successive discounts of first 20% and then 5%. He spends Rs. 1000 for its repair and then sells it for Rs. 25000. What is his gain or loss percent?

  1. loss of 25%
  2. gain of 25%
  3. loss of 10%
  4. gain of 10%

Problem 9.

To attract more visitors zoo authority announces a 20% discount on every ticket which costs Rs. 5. Due to this discount the sale of this ticket increases by 28%. The percentage increase in number of visitors due to the discount is then,

  1. 50%
  2. 40%
  3. 60%
  4. no change

Problem 10.

During annual sale in July, a shopkeeper offers his goods at a discount of 50% except for the last week when he offers an additional discount of 40%. The prices of goods sold during the last week, as a percent of marked price, is then,

  1. 10%
  2. 30%
  3. 70%
  4. 90%

Other related question set and solution set on SSC CGL Profit and loss

SSC CGL Tier II level Solution Set 8 on Profit and loss 1

SSC CGL Tier II level Question Set 8 on Profit and loss 1

SSC CGL level Solution Set 34 on Profit and loss 3

SSC CGL level Question Set 34 on Profit and loss 3

SSC CGL level Solution Set 29 on Profit and loss 2

SSC CGL level Solution Set 25 on Arithmetic Percentage Ratios

SSC CGL level Question Set 25 on Arithmetic Percentage Ratios

SSC CGL level Solution Set 24 on Arithmetic Ratios

SSC CGL level Question Set 24 on Arithmetic Ratios

SSC CGL level Solution Set 6 on Profit and loss

SSC CGL level Question Set 6 on Profit and loss

SSC CGL level Solution Set 5 on Arithmetic Ratios

SSC CGL level Question Set 5 on Arithmetic Ratios

SSC CGL level Solution Set 4 on Arithmetic Ratios

SSC CGL level Question Set 4 on Arithmetic Ratios

How to solve difficult SSC CGL Math problems at very high speed using efficient problem solving strategies and techniques

These resources should be extremely useful for you to speed up your in-the-exam-hall SSC CGL math problem solving. You will find these under the subsection Efficient Math Problem Solving.

This is a collection of high power strategies and techniques for solving apparently tricky looking problems in various topic areas usually within a minute. These are no bag of tricks but are based on concepts and strategies that are not to be memorized but to be understood and applied with ease along with permanent skillset improvement.

The following are the associated links,

How to solve difficult SSC CGL Profit and loss problems in a few steps 3

How to solve similar problems in a few seconds, Profit and loss problem 2, Domain modeling

How to solve in a few steps, Profit and loss problem 1