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GUPTA (CGL-TIER2)

RAHUL K GUPTA (Free Study Material) Profit and loss


For more Visit: www.thinkinc.in/sscpapers.html 1. Ramu buys apples at the rate of Rs. 0.36 per apple. How many apples must he sell for Rs. 90 so that he makes a profit of 66.67%? (1) 60 (2) 135 (3) 150 (4) 240 A retailer marks up clothes at 31.25% above he cost price and then offers a discount of 14.28%. What is his profit margin? (1) 12.5% (2) 16.67% (3) 18.75% (4) 18.18% A manufacturer sells a shirt to the wholesaler at a profit of 20% who sells it to the retailer at a profit of 6.215%. The retailer, in turn, marks it up by 33.33%. If the retail price of the shirt is Rs. 680, how much did it cost the manufacturer? (1) 450 (2) 300 (3) 500 (4) 400 A merchant buys 20 papayas for Rs. 72 and sells 30 for Rs. 117. What % profit / loss did he make? (1) 16.67% loss (2) 12.33% loss (3) 8.33% profit (4) 12.5% profit The cost price of 33 articles is equal to the selling price of 27 articles. Find the profit/loss percent. (1) 18.18% loss (2) 22.22% profit (3) 27.27% profit (4) 18.18% profit By how much must a trader mark his goods up if he has to make a profit of 1/8th after providing for a discount of 10% on his selling price? (1) 18 % (2) 18.18 % (3) 25 % (4) 12.5 % If a seller wishes to make a profit of 25% after allowing for wastage of 16.67%, by how much should he mark his goods up? (1) 40 % (2) 41.67 % (3) 66.67 % (4) 50 %

8. A merchant professes to sell at cost price. However, a savvy buyer finds out that the merchant uses a weight of 1250 gms for the weight of 1.5 kg. How much % profit does the seller make? (1) 20 % (2) 60 % (3) 33.33 % (4) 16.67 % 9. A retailer sells cameras at a profit of 11.11%. If he had paid 33.33% less for it and sold it for Rs. 600 more, he would have made a profit of 100%. How much did it cost him? (1) 6000 (2) 3000 (3) 1800 (4) 2700 A second hand car dealer sold a car at a loss of 12.5%. If he had sold it for Rs. 25,000 more, he would have made a profit of 8.33%? how much did he sell it for? (1) 105,000 (2) 130,000 (3) 120,000 (4) 145,000 A trader discovers that he can buy goos 18.18% cheaper if he procures directly from the manufacturer. However, its cost of transportation will increase by Rs. 40 per trip. If he estimates that he will make a clear saving of Rs. 100 per trip, what is the cost he pays to the manufacturer? (1) 990 (2) 598 (3) 770 (4) 630 A fruit vendor buys apples at Rs. 60 for 5. At what price should he sell a score so that he makes a profit of 15% after allowing 9.09% for decay? (1) 303.6 (2) 276 (3) 296 (4) 75.90 If an article is sold at 73.33% of its present selling price, the merchant will make a loss of 17.5%. What % profit does he make by selling at the current selling prices? (1) 40% (2) 28.57% (3) 12.5% (4) 36.36%

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14. A retailer mixes equal quantities of two types of rice. He is able to buy 16 kgs of the first variety for Rs. 100 and 4 kgs of the second variety of Rs. 100 and sells the mixture at 25 kgs for Rs. 500. how much % profit or loss does he make?

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(1) 25% profit (3) 28% profit 15.

(2) 20% profit (4) 27.27% loss 23.

(3) Merchant B; Rs. 125 (4) Merchant B; Rs. 50 Two items are sold at Rs. 121 each. If the merchant makes a profit of 15% in one and a loss of 15% in the other, how much % profit/loss does he make? (1) 1.5% loss (2) 2.25% loss (3) 2.25 % profit (4) 1.5% loss Two items are sold at Rs. 900 each. If the merchant makes a profit of 12.5% in one and a loss of 20% in the other, how much % loss does he make? (1) 6.25% loss (2) 6.5% loss (3) 8% loss (4) 7.5 % loss A man loses the cost price of 17 liters of gasoline while selling 68 liters of gasoline, What is his % loss? (1) 25 % (2) 33.33 % (3) 20 % (4) 40% A man loses 8.33 % by selling an article at Rs. 550. What will be his % gain if he were to sell the same article of Rs. 100 more? (1) 16.67% (2) 8.33 % (3) 9.09 % (4) None of these By selling an article at Rs. 96, a merchant gains as much % as the number of rupees he paid to buy the article. How much did he pay for the article? (1) 70 Rs. (2) 65 Rs. (3) 55 Rs. (4) 60 Rs A trader buys a number of lemons at the rate of 7 for Re 1 and equal number of lemons at he rate of 5 for Re1. He sells the entire lot at he rate of 6 for Re 1. What is his % loss or gain? (1) No loss no gain (2) 2.78% loss (3) 2.33% loss (4) None of these A shop sells two products at he same price. On one, the shop makes a profit of 20% and on the other it makes a loss of 20%. If both the products together cost Rs. 7500, what is the cost price of each of the products? (1) 3000; 4500 (3) 3750; 3750 (2) 3500; 4000 (4) 3600; 3900

A merchant was able to recover only 58.33 paise in the rupee from one of his debtors. He had sols the goods by marking it up by 33.33%. What is his % gain or loss in this transaction? (1) 25 % profit (2) 25 % loss (3) 22.22% loss (4) 27.27% loss The cost of 40 articles is equal to the selling rice of 45 articles. Find the % profit or % loss resulting from the above transaction. (1) 11.11% loss (2) 12.5% profit (3) 10 % loss (4) 12.5 % loss A merchant marks his goods up in such a way that his profit on sale of 150 articles equals the cost price of 150 articles. What % profit does he make. (1) 30 % profit (2) 100 % profit (3) 200 % profit (4) None of these Alok is able to buy 3 more apples for Rs. 144 when its price decreased by 25%. How many apples is he able to buy @ the new price? (1) 16 (2) 12 (3) 15 (4) 9 A seller who buys rice at the rate of Rs. 7500 per quintal sells 12% at 22.22% loss. At what % profit must he sell the balance so that he makes a overall profit of 13.33%? (1) 16.67% (2) 14.28% (3) 18.18% (4) 22.22% A milk man adds 15% water to milk costing Rs. 8 per liter and sells the adulterated milk at Rs. 7 per liter. How much % profit does he make? (1) 1.667% loss (2) 6.25% profit (3) 1.25% profit (4) 0.625% profit By selling a TV for Rs. 18,000 the company makes a profit of 12.5%. What should be the retail price if the company were to make a profit of 30%? (1) Rs. 20,475 (2) Rs. 20,800 (3) Rs. 21,600 (4) Rs. 19,200 Two merchants sell each an article for Rs. 1000. Merchant A computes the profit as a % on cost price while Merchant B calculates it as % on selling price. If both of them claim to make a profit of 25%, who made more profit and by what amount? (1) Merchant A; Rs. 200 (2) Merchant B; Rs. 250

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A student is able to buy a set of pencils costing Rs. 543 on account of a discount of 12% that he receives when buying a set of books. Which of the following can be the minimum marked price of the set of books? (1) 4475 Rs. (2) 4525 Rs. (3) 4400 Rs. (4) 4430 Rs. A merchant computes his profit to be 25% of his selling price. What is his actual profit %? (1) 20 % (2) 16.67% (3) 40% (4) 33.33% What % discount should a trader provide if he wants to sell at his cost price after marking his goods up by 40%? (1) 66.66 % (2) 40 % (3) 28.57 % (4) 33.33 % A retailer mixes two types of rice in the ratio 3 : 4. He is able to buy 2 Kgs of the fist variety for Rs. 60 and 2.5 Kgs of the second variety for Rs. 100 and sells the mixture at 17.5 Kgs for Rs. 750. how much % profit or Loss does he make?

(1) 20 % profit (3) 16.67% loss 35.

(2) 20 % loss (4) 25 % loss

A merchant professes to sell at a loss of 18%. However he uses a false scale and in reality gains 20%. To what extent does he defraud the customers when he claims to sell 1 Kg?

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(1) 333.33 grams (3) 325 grams

(2) 316.67 grams (4) 320 grams

THIS CONTENT IS CREATED AND UPLOADED BY RAHUL K. GUPTA FOR SSC-CGL(TIER-2)

Content is uploaded to improve students understanding of decimal and to clear the basic concept of profit and loss. These questions need somewhat hectic calculation and will help the student calculate fast using fractions.

For More Visit www.thinkinc.in/sscpapers.html THIS IS CREATED BY RAHUL K. GUPTA (CGL-TIER2) Answer Key: Due to lack of time these key is not rechecked if you find any discrepancies please let us know about it. 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) 13) 14) 15) 16) 17) 18) 19) 20) 21) 22) 23) 24) 25) 26) 27) 28) 29) 30) 31) 32) 33) 34) 35) 3 1 4 3 2 3 4 1 4 1 4 4 3 3 3 1 2 2 3 4 2 2 2 2 Question deleted. 1 2 4 2 1 2 4 3 1 2

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