## Profit loss and discount questions for SSC CGL Tier 2 Set 20

Solve 10 profit and loss questions for SSC CGL Tier 2 set 20 in 12 minutes. Verify correctness from answers. Learn to solve from paired solution set.

Answers and link to the paired solution set are at the end.

### 10 profit loss and discount problems for SSC CGL Tier 2 set 20 - Answering time 12 mins

**Problem 1.**

A man sells an item 5% above its cost price. If he had bought it 5% less than what he had paid for it and sold it at Rs.2 less he would have gained 10%. The original cost price of the item is,

- Rs.300
- Rs.200
- Rs.100
- Rs.400

**Problem 2.**

A trader bought 200 eggs out of which 38 eggs were broken. He sold the remaining eggs at the rate of Rs.4.80 per dozen and thus gained 8%. His total investment is,

- Rs.45
- Rs.120
- Rs.60
- Rs.80

**Problem 3.**

A book seller allowed 10% discount on printed price. He gets 30% commission from the publisher. His profit percent is,

- $26\displaystyle\frac{3}{7}$
- $28\displaystyle\frac{4}{7}$
- $20$
- $25$

**Problem 4. **

The cost price of an article is marked up by 200% and the article is sold at Rs.540 after giving a discount of 25%. What is the original cost price?

- Rs.360
- Rs.250
- Rs.240
- Rs.300

**Problem 5.**

If the discount on an article is 15%, its selling price is Rs.816. What would be its selling price if the discount on it were 25%?

- Rs.800
- Rs.750
- Rs.720
- Rs.200

**Problem 6.**

A trader allows a trade discount of 20% and a cash discount of $6\frac{1}{4}$% on the marked price of the goods and gets a net gain of 20% on the cost. By how much above the cost price would the goods have been marked for sale?

- 40%
- 70%
- 50%
- 60%

**Problem 7.**

A store offers a variety of discounts that range between 20% and 25% inclusive. If a book is discounted to a price of Rs.270, then its maximum possible original price was,

- Rs.360
- Rs.345.5
- Rs.337.5
- Rs.334

**Problem 8.**

Two blends of tea costing Rs.350 and Rs.400 per kg were mixed in the ratio of 2 : 3 by weight. If one-fifth of the mixture is sold at Rs.460 per kg and the remaining at the rate of Rs.550 per kg, the profit percent will be,

- 50%
- 20%
- 30%
- 40%

**Problem 9.**

A shopkeeper sold an article at a loss of 10% after giving a discount equal to half of the marked price. Then the cost price is,

- $\displaystyle\frac{7}{9}$th of marked price
- $\displaystyle\frac{5}{9}$th of marked price
- $\displaystyle\frac{1}{9}$th of marked price
- $\displaystyle\frac{4}{9}$th of marked price

**Problem 10.**

If 60% discount is offered on the marked price so that the selling price becomes equal to the cost price, then what was the percentage mark up?

- 40%
- 100%
- 150%
- 250%

To know how most of the ten problems could be solved quickly in mind using basic and rich profit and loss concepts, percentage concepts, successive discount concept, Rich ratio concepts and key pattern identification, you should refer to the companion solution set,

**SSC CGL Tier II level solution set 20 Profit and loss 3.**

### Answers to the profit loss and discount questions for SSC CGL Tier 2 set 20

**Problem 1. Answer:** Option d: Rs.400.

**Problem 2. Answer:** Option c : Rs.60.

**Problem 3. Answer:** b: $28\displaystyle\frac{4}{7}$.

**Problem 4. Answer:** Option c: Rs.240.

**Problem 5. Answer:** Option c: Rs.720.

**Problem 6. Answer:** Option d : 60%.

**Problem 7. Answer:** a: Rs.360.

**Problem 8. Answer:** Option d: 40%.

**Problem 9. Answer:** Option b: $\displaystyle\frac{5}{9}$th of marked price.

**Problem 10. Answer:** Option c: 150%.

**Resources that should be useful for you**

* 7 steps for sure success in SSC CGL tier 1 and tier 2 competitive tests* or

*to access all the valuable student resources that we have created specifically for SSC CGL, but*

**section on SSC CGL****generally for any hard MCQ test.**

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#### 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 withpermanent skillset improvement.

**The following are the associated links,**

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