SSC CGL level Question Set 53, Profit and loss 4

53rd SSC CGL level Question Set, 4th on topic Profit and loss

ssc cgl level profit loss question set 4 cover

This is the 53rd question set of 10 practice problem exercise for SSC CGL exam and 4th on topic Profit and loss. Students should complete this question set in prescribed time first and then only refer to the corresponding solution set.

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 15 minutes.
  3. When the time limit of 15 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 53rd SSC CGL solution set on Profit and loss 4, to mark your score at 15 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.


53rd question set - 10 problems for SSC CGL exam: topic Profit and loss - Answering time 15 mins

Problem 1.

A trader marks up a product he is selling for 20% profit. If he sells it at a discount of 15%, his net gain percentage is,

  1. 2%
  2. 2.5%
  3. 3.5%
  4. 4%

Problem 2.

A shopkeeper gives a discount of 7% while selling an item. If he had given a discount of 9% he would have got Rs.15 less as profit. The marked price for the item is then,

  1. Rs.750
  2. Rs.720
  3. Rs.600
  4. Rs.712.50

Problem 3.

A dishonest trader declares that he sells his goods at cost price, but actually he uses a false weight of 850 gm for 1 kg. His gain percent is,

  1. $17\frac{12}{17}$%
  2. $17\frac{11}{17}$%
  3. $11\frac{11}{17}$%
  4. $71\frac{11}{17}$%

Problem 4.

A man sells two articles for Rs.4000 each with no loss or no gain in the two transactions taken together. If one is sold at a gain of 25%, the other is sold at a loss of,

  1. $25$%
  2. $20$%
  3. $16\frac{2}{3}$%
  4. $18\frac{2}{9}$%

Problem 5.

A dishonest trader using a faulty balance makes a profit of 5% while buying as well as while selling his goods. His actual gain percent in the whole process amounts to,

  1. 10.25%
  2. 11%
  3. 10%
  4. 10.5%

Problem 6.

A loss of 19% gets converted to a profit of 17% when selling price is increased by Rs.162. The cost price of the article is,

  1. Rs.360
  2. Rs.450
  3. Rs.600
  4. Rs.540

Problem 7.

A fruit-seller makes a profit of 20% by selling oranges. If he charges Rs.1 more for each orange, he would be able to make a profit of 40%. The selling price of an orange in the first case is then,

  1. Rs.7
  2. Rs.5.5
  3. Rs.5
  4. Rs.6

Problem 8.

After 4 years of purchasing a house, the houseowner sold it for a price 25% more than the purchase price, but had to pay a tax of 50% of the gain. The tax amount as a percentage of the original purchase price is,

  1. $50$%
  2. $25$%
  3. $4\frac{1}{6}$%
  4. $12.5$%

Problem 9.

The marked price of a watch is Rs.1600. The shopkeeper gives two successive discounts to the customer, the first being 10%. If the customer pays Rs1224 for the watch, the second discount is,

  1. 5%
  2. 10%
  3. 20%
  4. 15%

Problem 10.

How much percent more than the cost price should a shopkeeper mark his goods so that after allowing a discount of 25% on the marked price, the gain is 20%?

  1. 60%
  2. 55%
  3. 50%
  4. 70%

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 53 on Profit and loss 4

SSC CGL level Question Set 53 on Profit and loss 4

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 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