SSC CGL level Question Set 34, Profit and loss 3

34th SSC CGL level Question Set, 3rd on topic Profit and loss

SSC CGL Question Set 34 profit and loss

This is the 34th question set of 10 practice problem exercise for SSC CGL exam and 3rd 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 the method of taking the test.

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 34th SSC CGL solution set on Profit and loss 3, 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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34th question set - 10 problems for SSC CGL exam: topic Profit and loss - Answering time 12 mins

Problem 1.

A trader bought a few pens at the rate of 5 per Rs.100 and a second time bought the same number of pens at the rate of 4 per Rs.100. He mixed both the lots and then sold the pens at the rate of 9 per Rs.200. In this business he suffered a loss of Rs.300. The total number of pens he bought was,

  1. 540
  2. 545
  3. 1080
  4. 1090

Problem 2.

A shopkeeper bought 15 kg of rice at the rate of Rs.29/kg and 25kg of rice at the rate of Rs.20/kg. He sold the mixture of both types of rice at the rate of Rs.27/kg. His profit (in Rs) was,

  1. Rs.145
  2. Rs.125
  3. Rs.150
  4. Rs.140

Problem 3.

A, B and C are partners of a company. During a particular year A received one-third of the profit, B received one-fourth of the profit and C received remaining Rs.5000. How much did A receive?

  1. Rs.5000
  2. Rs.3000
  3. Rs.1000
  4. Rs.4000

Problem 4.

A shopkeeper gains 30% while buying the goods and 20% while selling them. Find his total gain percent.

  1. 50%
  2. 40%
  3. 56%
  4. 36%

Problem 5.

A trader marked the price of a commodity so as to include a profit of 25%, but allowed a discount of 16% on the marked price. In this case his actual profit will be,

  1. 16%
  2. 25%
  3. 9%
  4. 5%

Problem 6.

If a person sells an article for Rs.720 he would lose 25%. To gain 25% he would have to sell it for,

  1. Rs.1200
  2. Rs.1000
  3. Rs.900
  4. Rs.960

Problem 7.

Ganesh purchased 200 pens at the rate of Rs.12 per piece. He sold 100 pens at a gain of 10%. The percentage gain at which he must sell the remaining pens so as to gain 15% on the whole lot is,

  1. $17$%
  2. $21\frac{1}{2}$%
  3. $20$%
  4. $17\frac{1}{2}$%

Problem 8.

By selling 4 articles for Rs.1000 a man loses 4%. Had he sold 3 articles for Rs.1000, his profit would have been,

  1. 28%
  2. 12%
  3. 30%
  4. 16%

Problem 9.

A retailer purchased articles at the rate of Rs.400 each from a wholesaler. He raised the price by 30% and then allowed a discount of 8% on each article. His profit is then,

  1. 19%
  2. 78.4%
  3. 19.6%
  4. 22%

Problem 10.

Arun bought a microwave oven at a discount of $16\frac{2}{3}$%. Had he bought the oven at a discount of 25% he would have saved Rs.600. At what price did he buy the oven?

  1. Rs.7200
  2. Rs.6000
  3. Rs.5000
  4. Rs.7500

Resources that should be useful for you

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.

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

SSC CGL level Solution Set 34 on Profit and loss 3

SSC CGL level Solution Set 29 on Profit and loss 2

SSC CGL level Question 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