## First set of Profit and loss questions for SSC CGL

The 10 questions on Profit and loss for SSC CGL are to be answered in 12 minutes. This is the first question set on Profit and loss and 6th for SSC CGL.

After taking the test, clarify doubts from its solution set and consolidate your concepts.

Link of the *solution set and answers to the questions* are at the end.

### First set of 10 Profit and loss questions for SSC CGL - answering time 12 mins

**Q1. **The marked price of an article is 50% above its cost price. When marked price is increased by 20% and selling price is increased by 20%, the profit is doubled. If original marked price was Rs.600, the original selling price was,

- Rs.400
- Rs.580
- Rs.500
- Rs.550

**Q2.** A trader marked the price of a commodity so as to include a profit of 25% but allowed a discount of 16% on marked price. His actual profit will be,

- 16%
- 5%
- 25%
- 9%

**Q3.** A shopkeeper allows 23% discount on his advertised price and still makes a profit of 10%. If he gains Rs.56 on one article his advertised price in Rs. is,

- 780
- 820
- 790
- 800

**Q4.** If there is a profit of $20{\%}$ on the cost price of an article, the percentage of profit calculated on its selling price will be,

- 20
- $8\frac{1}{3}$
- $16\frac{2}{3}$
- 24

**Q5.** A shopkeeper gains $20{\%}$ while buying the goods and $30{\%}$ while selling them. His total gain is,

- $36{\%}$
- $50{\%}$
- $40{\%}$
- $56{\%}$

**Q6.** A discount of $15{\%}$ on one article is same as discount of $20{\%}$ on another article. The costs of two articles can be,

- 60, 40
- 85, 60
- 80, 60
- 40, 20

**Q7.** A trader sells two bullocks for Rs.8400 each neither losing nor gaining in total. If he sold one of the bullocks at $20{\%}$ profit, the other is sold at a loss of,

- $21{\%}$
- $20{\%}$
- $14\frac{2}{7}{\%}$
- $18\frac{2}{9}{\%}$

**Q8.** Ramu buys a plot of land for Rs.96000. He sells $\frac{2}{5}$ths of the land at a loss of $6{\%}$. He wants now to make a profit of $10{\%}$ on the whole transaction by selling the remaining land. At what percentage profit should he sell his remaining land?

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

**Q9.** A trader marked his goods at $20{\%}$ above the cost price of Rs.245346. He sold half the stock at the marked price, one quarter at a discount of $20{\%}$ on the marked price and the rest at a discount of $40{\%}$ on the marked price. His total gain is,

- $2{\%}$
- $15{\%}$
- $4.5{\%}$
- $13.5{\%}$

**Q10.** While selling a watch a shopkeeper gives a discount of $5{\%}$. If he gives a discount of $6{\%}$ he earns Rs.15 less as profit. What is the marked price of the watch?

- Rs.1500
- Rs.1200
- Rs.1400
- Rs.750

Clarify your doubts from the solutions of the questions,

**SSC CGL level solution set 6 on profit and loss 1.**

### Answers to the questions

**Q1. Answer:** Option c: Rs.500.

**Q2. Answer:** Option b: $5{\%}$.

**Q3. Answer:** Option d: 800.

**Q4. Answer:** Option c: $16\frac{2}{3}$.

**Q5. Answer:** Option d: $56{\%}$.

**Q6. Answer:** Option c : 80, 60.

**Q7. Answer:** Option c : $14\frac{2}{7}{\%}$.

**Q8. Answer:** Option d: $20\frac{2}{3}{\%}$.

**Q9. Answer:** Option a: $2{\%}$.

**Q10. Answer:** Option a : Rs.1500.

You may watch video solutions of these 10 questions as below.

**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,**

**How to solve SSC CGL level Profit and loss problems by Change analysis in a few steps 6**

**How to solve a difficult SSC CGL level Profit and Loss problem in a few steps 4**

**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**