profit and loss Model Questions & Answers, Practice Test for ssc cgl tier 1 2023

Question :11

A businessman allows a discount of 10% on the written price. How much above the cost price must he mark his goods to make a profit of 17%?

Answer: (b)

Let CP = Rs. 100

Then, S.P = Rs. 117

Let marked price be Rs x.

Then, 90% of x = 117

x = $({117 × 100}/90)$ = 130

∴ Marked price = 30% above C.P.

Question :12

An article is listed at Rs. 65. A customer bought this article for Rs. 56.16 and got two successive discounts of which the first one is 10%. The other rate of discount of this scheme that was allowed by the shopkeeper was

Answer: (a)

Price of the article after first discount

65 – 6.5 = Rs. 58.5

Therefore, the second discount

= ${58.5 - 56.16}/58.5 × 100$ = 4%

Question :13

Two lots of onions with equal quantity, one costing Rs. 10 per kg and the other costing Rs.15 per kg, are mixed together and whole lot is sold at Rs. 15 per kg. What is the profit or loss?

Answer: (c)

Let each lot of onion contains x kg onion, then total cost price of these two lots together

= 10x + 15x = 25x

Selling price of whole lot = 15 × (x + x)

= 15 × 2x = 30x

Profit percentage = ${30x - 25x}/{25x}$ × 100

= ${5x}/{25x}$ × 100 = 20%

Question :14

A trader marks 10% higher than the cost price. He gives a discount of 10% on the marked price. In this kind of sales how much per cent does the trader gain or loss?

Answer: (c)

Let cost price = Rs. x

Marked price = ${x × 110}/100$ = Rs. ${11x}/10$

∴ SP = ${11x}/10 × 90/100 = {99x}/100$

∴ Loss per cent = ${{99x}/100 - x}/x × 100$ = –1%

(– sign show loss.)

Question :15

A builder purchased a plot of land for Rs. 80 lakh and constructed a five-storey building inclusive of ground floor on it. How much should he charge for each flat to make 25% profit on his investment on land, if there are five flats on each storey?

Answer: (d)

We do not know the total investment of builder, because in the question construction cost is not given.

Hence, 'none of these' is the answer.

ssc cgl tier 1 2023 IMPORTANT QUESTION AND ANSWERS

Recently Added Subject & Categories For All Competitive Exams

SSC STENO: Time & Work Questions Solved Problems with PDF

Free Time and work Aptitude-based Practice multiple questions with solutions, Quiz series, Mock Test & Downloadable PDF for SSC Steno (Grade C & D) 2024 Exam

27-Apr-2024 by Careericons

Continue Reading »

SSC STENO 2024: Free Reading Comprehension MCQ Test PDF

Top Reading Comprehension English Section-wise multiple choice questions and answers, Full Mock Test Series & Online Quiz for SSC Steno Grade C & D 2024 Exam

26-Apr-2024 by Careericons

Continue Reading »

Free Percentage Questions Answers for SSC STENO 2024 Exam

Important Top Percentage Aptitude-based multiple choice questions and answers practice quiz series, Online Mock Test PDF for SSC Steno Grade C & D 2024 Exam

25-Apr-2024 by Careericons

Continue Reading »

Free Antonyms (English) MCQ Test for SSC STENO 2024 Exam

Top Antonyms General English Section-based multiple choice questions and answers, Free Full Test Series & Online Quiz PDF for SSC Steno Grade C & D 2024 Exam

24-Apr-2024 by Careericons

Continue Reading »