## SSC CGL Tier 2 question set on Profit and loss with answers

Solve 10 Profit and Loss Questions for SSC CGL Tier 2 Set 8 in 12 minutes. Verify results from answers. Learn how to solve from linked solution set.

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

### 10 Profit and loss questions for SSC CGL Tier 2 Set 8 - Answering time 15 mins

**Problem 1.**

A dealer purchased a microwave oven for Rs.7660. After giving a discount of 12% on its marked price, he still gained 10%. The marked price was,

- Rs.9755
- Rs.8426
- Rs.8246
- Rs.9575

**Problem 2.**

If a man were to sell a chair for Rs.720, he would lose 25%. For gaining 25%, he has to sell it for,

- Rs.960
- Rs.1000
- Rs.1200
- Rs.900

**Problem 3.**

Purchasing a motorcycle from Surya, Naveen spent Rs.1680 on it for repair and sold it to Pintu for Rs.35910 at a profit of 12.5%. If Surya sold the motorcycle to Naveen at a loss of 28%, the purchase cost of the motorcycle for Surya is,

- Rs.35000
- Rs.38000
- Rs.40000
- Rs.42000

**Problem 4. **

Praveen bought a plot of land for Rs.96000 and sold $\frac{2}{5}$th of it at a loss of 6%. If he wanted to make a profit of 10% on the whole transaction by selling the remaining land, the gain % of the remaining land must then be,

- $20\text{%}$
- $20\frac{2}{3}\text{%}$
- $7\text{%}$
- $14\text{%}$

**Problem 5.**

A shopkeeper bought two watches at a total cost of Rs.840. He then sold one at a loss of 12% and the other at a profit of 16%. There was no loss or gain in the whole transaction. The cost price of the watch on which the shopkeeper gained was then,

- Rs.390
- Rs.370
- Rs.380
- Rs.360

**Problem 6.**

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

- Rs.50000
- Rs.10000
- Rs.25000
- Rs.55000

**Problem 7.**

A house and a shop were sold for Rs.1 lakh each. The house sale resulted in a loss of 20% whereas the shop sale made a profit of 20%. The entire transaction then resulted in,

- No loss or gain
- Gain of Rs.$\frac{1}{24}$ lakh
- Loss of Rs.$\frac{1}{12}$ lakh
- Loss of Rs.$\frac{1}{18}$ lakh

**Problem 8.**

A fruit seller sells lemons at the rate of 5 for 3 rupees which he bought at 2 for a rupee. His profit percent is,

- 10%
- 15%
- 25%
- 20%

**Problem 9.**

The ratio at which tea costing Rs.150/kg is to be mixed with tea costing Rs.192/kg so that the mixed tea when sold for Rs.194.40/kg gives a profit of 20% is,

- $2:5$
- $3:5$
- $5:3$
- $5:2$

**Problem 10.**

The percentage loss when an article is sold at Rs.50 is the same as the percentage profit when it is sold for Rs.70. The loss or gain is,

- $20\text{%}$
- $16\frac{2}{3}\text{%}$
- $10\text{%}$
- $22\frac{2}{3}\text{%}$

Learn to solve the questions in time from the companion solution set at,

**SSC CGL Tier 2 solution set on profit and loss Set 8.**

### Answers to Profit and loss questions on SSC CGL Tier 2 Set 8

**Problem 1.** **Answer: **Option d: Rs.9575.

**Problem 2.** **Answer:** Option c : Rs.1200.

**Problem 3.** **Answer:** d: Rs.42000.

**Problem 4.** **Answer:** Option b: $20\frac{2}{3}\text{%}$.

**Problem 5.** **Answer:** Option d: Rs.360.

**Problem 6.** **Answer:** Option a : Rs.50000.

**Problem7.** **Answer: **c: loss of Rs. $\frac{1}{12}$ lakh.

**Problem 8.** **Answer:** Option d: 20%.

**Problem 9. Answer:** Option d: $5:2$.

**Problem 10.** **Answer:** b: $16\frac{2}{3}\text{%}$.

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* 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

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**The following are the associated links,**

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