Profit And Loss Exercise Model Questions & Answers, Practice Test for ssc cgl tier 1 2024
ssc cgl tier 1 2024 SYLLABUS WISE SUBJECTS MCQs
Number System
Ratio & Proportion
Percentage
Time & Work
Time & Distance
Trigonometric Ratios & Identities
Average
Profit & Loss
Alligation & Mixtures
Simple Interest
On selling 17 balls at Rs. 720 there is a loss equal to the cost price of 5 balls. The cost price of a ball is :
Answer: (c)
According to question,
Let CP – CP = Loss
17x – 720 = 5x
12x = 720, x = 60
Thus, CP of 1 ball is Rs. 60
A person buys some pencils at 5 for a rupee and sells them at 3 for a rupee. His gain percent will be:
Answer: (b)
According to question,
| Articles | Price | |
| Purchase | 5 × 3 = 15 Rs. | 1 × 3 = Rs. 3 |
| Rs. 2 gain Sold | 3 × 5 = 15 Rs. | 1 × 5 = Rs. 5 |
Thus: To make no. of pencil same
Gain% = $2/3 × 100 = 66{2}/3$%
An item when sold for Rs. 1,690 earned 30% profit on the cost price, Then the cost price is
Answer: (c)
Let CP of the article = 100
According to question,
$100 (CP) →↖ {30% Profit} 130 (SP)$
Given:
130 units = 1690
1 unit = $1690/130 = 13$
100 units = 13 × 100 = 1300
CP = Rs. 1300
Some toffees were bought at the rate of 11 for Rs. 10 and the same number at the rate of 9 for Rs. 10. If the whole lot was sold at one rupee per toffee, then the whole transaction was
Answer: (b)
According to question,
| Toffees | Price |
| 11 × 9 = 99 | 10 × 9 = 90 |
| 9 × 11 = 99 | 10 × 11 = 110 |
to make toffee same
Sold at one rupee per to toffee
Thus, SP of 198 toffee = Rs. 198
CP of 198 toffee = Rs. 200
Loss% = $2/200$ × 100 = 1%
A dealer sold 3/ 4 of his articles at a gain of 20% and the remaining at cost price. The gain percent earned by him in the whole transaction is
Answer: (c)
Let total no. of articles is 40 unit
CP of 1 article is Rs. 1
According to question,
| 40 (Article) | |||
| $3/4$ part | $1/4$ part | ||
| CP → 30 | + | 10 = 40 | |
| SP 36 | + | 10 = 46 |
Profit% = $6/40 × 100 = 15%$
ssc cgl tier 1 2024 IMPORTANT QUESTION AND ANSWERS
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