Most Exclusive Question on Profit & Loss for SSC CGL Tier II Exam

Most Exclusive Questions on Profit & Loss for SSC CGL Tier-II Exam. As you know, SSC CGL Tier-II exam is going to be held across India from 11-13th September. You all must be busy in your preparation for the D-Day. Profit & Loss is one of the most imp topics which is very important from the examination's perspective. You can expect around 10-12 questions from this topic in your exam. To help you in your preparation, we have selected some exclusive questions on Profit & Loss that will act as an icing on the cake. We have also provided a detailed solution below each question to help you with the method or approach. 

Most Exclusive Questions on Profit & Loss for SSC CGL Tier-II Exam

1.A fruit seller buys 240 mangoes for Rs 600. Some of these mangoes are bad and are thrown away, he sells the remaining mangoes at Rs 3.5 each and makes a profit of Rs 198. The % of mangoes thrown away are?

Answer ||| C

Solution |||

The cost price of 240 mangoes = 600

Profit = 198

Total selling price = 600 + 198 = 798

The selling price of each mango= 3.5

Total number of mango sold= 

Percentage mangoes thrown = 5%

2.Raju runs a gift shop. He has bought many golden and silver colour trays for Rs. 50 each. He quotes silver tray at Rs. 90 and golden tray at Rs. 100 for customers who buy only single tray. However, he quotes 20% lesser for people who buy sets of 20 trays or more. On a particular day, 35 silver trays were sold individually and 2 sets of 20 golden trays were sold. What is his net profit on that day?

Answer ||| C

Solution ||| Cost price for 35 silver trays = 35 * 50 = 1750 
Cost price for 2 sets of 20 golden trays = 2* 20 * 50 = 2000 
Total cost price = 3750 
Selling price of 35 silver trays = 35 * 90 = 3150 
Selling price of 2 sets of 20 golden trays = 2 * 20 * 80 = 3200 
Total selling price = 6350 
Profit = 2600ier I 21 JAN S1

3.A dishonest milkman buys milk at Rs 25 per litre and adds 1/5 of water to it and sells the mixture at Rs 29 per litre. His gain is

Answer ||| B

Solution ||| Let he buy 100 litre milk so cost price = 2500 
After adding 1/5 of water amount will be = 100+ 100× 1/5 = 120 litre 
Selling price = 29 rupee per litre 
So Gain = SP – CP = (29×120)-2500= 980 Rupee 
%Gain= 980/2500 ×100= 39.2%

4.

A man buys two chairs for a total cost of Rs. 900. By selling one forof its cost and the other for 5/4 or its cost, he makes a profit of Rs. 90 on the whole transaction.The cost of the lower priced chair is

Answer ||| D

Solution ||| Let the cost price of 1 chair be Rs. x. 
∴C.P. of other chair = Rs. (900-x) 
 
Thus,C.P. of the lower priced chair is Rs. 300

5.60% of the cost price of an article is equal to 50% of its selling price. Then the percentage of profit or loss on the cost price is

B.  

Answer ||| C

Solution ||| Let the cost price be Rs. 100. 
∵S.P ×  = 100× 
∴S.P = 60×  = Rs. 120 
∴Reqd. % profit = (120 – 100)% = 20%

6.A fruit-seller buys x guava for Rs. y and sells y guavas for Rs. x. If x > y, the he made

A.  

B.  

C.  

D.  

Answer ||| D

Solution ||| C.P. of 1 guava = Rs.  [x > y] and S.P. of 1 guava = Rs.  
∴Reqd. Gain% = = 

7.550g of White chocolate 20$/kg and 450g of dark chocolate 10$/kg are melted and mixed. What should be the selling price of 50g of this mixture to earn a profit of 40%?

Answer ||| D

Solution ||| Cost Price of white chocolate = 20 * 0.55 = 11$ 
Cost Price of dark chocolate = 10 * 0.45 = 4.5$ 
Cost price of chocolate mixture = 15.5$ 
Selling price = 15.5 * 1.4 (40% profit) = 21.7$ 
Selling price of 50g = 0.05 * 21.7$ = 1.085$

8.A trader purchased two TV sets each for Rs 15000. He sold one at a loss of 10% and the other at a gain of 10%. What is his gain or loss per cent?(Its not successive but on the same CP)

Answer ||| B

Solution ||| This problem is based on general intelligence. Whatever is losts on one, the same is gained on the other. Hence no loss, no gain.

9.On a television of brand A the discount is 25% and on television of brand B the discount is 40%. The price of B after discount Rs 2,250 greater than the price of A after discount. What is the marked price of A (in Rs) if marked price of B is Rs 35,000?

Answer ||| C

Solution ||| Marked price of B=35000 
Selling price of B after discount of 40%=60%of 35000=21000 
Selling price of B is 2250 greater than A, so selling price of A=21000-2250=18750 
Discount on brand A= 25% 
So 75% of brand A marked price=18750 
Hence A marked price=

10.If 60% discount is offered on the marked price and selling price becomes equal to cost price then what was the % mark up?

Answer ||| C

Solution ||| Let the marked price be 100 
So selling price=100-60%of 100=40 
Selling price becomes equal to cost price so cost price=40 
Percentage markup=100-40/40 X100 =150%

11.A vendor buys bananas at 9 for Rs 8 and sells at 8 for Rs 9. What will be the profit or loss (in %)?

Answer ||| C

Solution ||| Cost price of 72 bananas =8× 8=64 
Selling price of 72 banasa= 9× 9=81 
So profit percentage=

12.A wholesaler had 200 dozens of mangoes. He sold some of these mangoes at 20% profit and the rest at 10% profit, so that he made 13% profit on selling all the mangoes. How many mangoes (in dozens) did he sell at 20% profit?

Answer ||| B

Solution ||| Total number of mangoes is 200 
Some are sold at 20% and rest are sold at 10% profit 
This problem can be easily solved by mixture and allegation method 
 
Number of mangoes sold at 20% profit=

13.If the selling price is tripled and cost price doubled the profit would become 65%. What is the present profit (in %) ?

Answer ||| D

Solution ||| Let the cost price be CP and selling price be SP 
3SP-2CP=65% of 2CP 
3SP= 2CP+1.3CP 
3SP= 3.3CP 
 
So present profit percentage=%

14.A and B started a partnership business investing some amount in the ratio of 5 : 6. C joined then after 6 months with an amount equal to 2/3rd of B. Whatwas their profit (in Rs) at the end of the year if C got Rs 21,600 as his share?

Answer ||| D

Solution ||| Let the startedAmount of A is 50 & 60 
 
2 units (c) → 21600 
I unit = 10800 
(5+6+2) 13 unit→ 10300x13 
= 140400 Rs.

15.1 bottle of honey costs Rs 240 but a pack of 4 of the same bottles costs Rs 768. What is the effective discount (in %) on the pack?

Answer ||| D

Solution ||| One bottle S.P. = 768/4 = Rs. 192 
Discount = 240 – 192 = Rs. 48 

16.If the cost price of an article is Rs x. It is marked up by 100%. It is sold at Rs 1,200 after giving 20% discount. What is value of x?

Answer ||| A

Solution |||  
As shows above the value of x is Rs. 750 .

17.A Rs 1000 box of cookies is offered at 10% discount and aRs 400 bar of chocolate at 8% discount. If we buy 2 boxes of cookies and 3 bars of chocolate, what is the effective discount we get (in %)?

Answer ||| B

Solution ||| Total cost of 2 boxes= 1000*2 = 2000 
Total cost of 3 chocolates = 400*3 = 1200 
S.P. of 2 boxes 90% of 2000 = Rs 1800 
S.P. of 3 chocolates= 92% of 1200 = 1104 
Total S.P. = 1800 + 1104 = Rs. 2904
Discount % = 296/3200 * 100 = 9.25%

18.The price of a product after getting 20% discount is Rs 3,024 which includes 5% tax on selling price. What was the marked price (in Rs) of the product?

Answer ||| C

Solution |||  
S.P. → 5 – 1 = 4 unit 
Exact S.P. without tax 
 
 
 
unit → 2880 
unit→ 720 
unit→ 720 × 5 = 3600 Rs.

19.An oil refinery buys oil at Rs 3600 per barrel. There is 10% wastage. If the refinery wants to earn 5% profit then at what price should it sell including 8% taxon selling price? (inRs per barrel)

Answer ||| D

Solution ||| After wastage 90% of per barrel oil = Rs. 3600 
After wastage , of per barrel oil  
 
Required cost of oil barrel  
 

20.On a certain item profit is 120%. If the cost price increases by 10% then what will be the new profit margin (in %) if selling price remains the same?

Answer ||| C

Solution ||| 
So the new profit  

SSC CGL 2018 Tier II FREE Mock Test: Attempt Now

After receiving many requests from the CGL aspirants, we have decided to re-open the course sale at a discounted price. The offer on the SSC CGL Tier-II overall Course has been extended until 11th September 2019. You can reap the fruit of success by enrolling in the course. Enrol now and make each day count with BYJU'S Exam Prep.

SSC CGL Tier II Course: Enrol Now

BYJU'S Exam Prep today to score better