profit and loss Model Questions & Answers, Practice Test for ssc chsl tier 1 2023
ssc chsl tier 1 2023 SYLLABUS WISE SUBJECTS MCQs
Number System
Simplification
Powers Surds & Indices
Ratio Proportion & Partnership
Percentages
Profit & Loss
Time & Work
Time & Distance
Simple Interest & Compound Interest
Mensuration: Area & Volumes
What the seller marked the printed price of a watch purchased at Rs. 380, so that giving 5% discount, there is 25% profit?
Answer: (b)
Let marked price be Rs. x.
∴ Discount = 5% of $x = 95/100 × x = {19x}/20$
According to question,
$380 = {19x}/20$
∴ x = Rs. 400.
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
Answer: (b)
Let C.P. be Rs. x.
Then, ${1920 - x}/x × 100 = {x - 1280}/x × 100$
⇒ 1920 – x = x –1280 ⇒ 2x = 3200 ⇒ x = 1600.
∴ Required S.P. = 125% of Rs.1600
= Rs. $(125/100 × 1600)$ = Rs. 2000
5% more is gained by selling a cow for Rs. 350 than by selling it for Rs. 340. The cost price of the cow is ________ .
Answer: (a)
Difference in 5% profit = Diff. in Rs. 10 profit
∴ 100% = $10/5 × 100$ = Rs. 200
What was the amount of discount given?
Answer: (d)
Discount = 6272 – 5958.4 = 313.6
Rahul bought two cycles for a total sum of Rs. 1,500. He sold one cycle at 20% loss and the other cycle at 20% gain. If the selling price of both the cycles is the same, find the cost price of the two cycles.
Answer: (a)
2 cycles – 1500
By options,
600 → (+20% → 720)
900 → (–20% → 720)
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