Profit And Loss Aptitude Mcq Model Questions & Answers, Practice Test for ssc chsl tier 1 2024
ssc chsl tier 1 2024 SYLLABUS WISE SUBJECTS MCQs
Number System
Simplification
Power, Indices And Surds
Time & Work
Time & Distance
Mensuration
Profit & Loss
Alligation & Mixtures
Simple Interest
Probability
Permutations & Combination
A got 30% concession on the label price of an article and sold for Rs. 8,750 with 25% profit on the price he bought. The label price was
Answer: (d)
Let CP of article = 100
Profit% = 25%
${CP}/{SP} = 100/125$ 25% Profit
CP  100 × 70 → 7000
SP  125 × 70 → 8750
${CP}/{MP} = 70/100$ 30% Profit
CP  70 × 100 → 7000
MP  100 × 100 → 10000
A man buys 12 articles for Rs. 12 and sells them at the rate of Rs. 1.25 per article. His gain percentage is :
Answer: (a)
According to question,
CP of 12 articles = Rs. 12
CP of 1 articles = Rs. 1
SP of 1 article = Rs. 1.25
Profit = SP – CP
Profit = Rs. (1.25  1) = 0.25
Profit% = ${Profit}/{CP} × 100$
= $0.25/1 × 100 = 25%$
lf there is a profit of 20% on the cost price of an article, the percentage of profit calculated on its selling price will be
Answer: (a)
According to question,
20% profit on CP = ${1 → Profit}/{5 → CP}$
Thus, SP = CP + Profit
SP = 5 + 1
SP = 6
Percentage of profit calculated on SP
Profit% = ${Profit}/{SP}$ × 100
= $1/6 × 100 = 16 {2}/3%$
A milkman bought 70 litres of milk for Rs. 630 and added 5 litres of water. If the sells it at Rs. 9.00 per litre, his profit percentage is
Answer: (d)
According to question,
CP of 70 liters of milk = Rs. 630
Added 5 liters of water,
Now, solution becomes = 75 liters
CP of water = Rs. 0
Thus, SP of 1 liter milk = Rs. 9
SP of 75 liters milk = 9 × 75 = 675 Rs.
Profit = SP – CP
= 675 – 630 = 45
Profit% = $45/630 × 100 = 50/7 = 7{1}/7%$
While selling to the retailer, a company allows 30% discount on the marked price of their products. If the retailer sells those products at marked price , his profit will be :
Answer: (d)
Let the Marked price = 100 unit
According to question,
100 (MP) $→↙{30% discount}$ 70 (SP)
→ CP of retailer
CP sold at MP = 100
Profit = MP  CP = 100  70
= 30 units profit
Profit % = $30/70$ × 100
= 42 $6/7$%
ssc chsl tier 1 2024 IMPORTANT QUESTION AND ANSWERS

Number System Aptitude MCQ Test For SSC CHSL [2024] Tier 1 »

Simplification Aptitude MCQ Test For SSC CHSL 2024 Tier 1 »

Surds & Indices Aptitude Questions: SSC CHSL 2024 Tier 1 »

Time & Work Aptitude Questions Test: SSC CHSL 2024 Tier 1 »

Time & Distance Aptitude Questions Test For SSC CHSL 2024 »

Mensuration Aptitude Questions Test: SSC CHSL 2024 Tier 1 »

100+ Profit and Loss Questions with Solutions PDF SSC »

55+ Mixture and Alligation Questions Answers PDF SSC »

100+ Simple Interest Model Questions with Solutions, PDF »

Top 100+ Probability MCQ Questions and Answers PDF: SSC »

Top Permutation and Combination Practice Questions PDF »
ssc chsl tier 1 2024TOPICS
Read More
All Exams

SSC
»
Model MCQ Test [Syllabus Wise], Syllabus, Notification 
BANKING
»
Model MCQ Test [Syllabus Wise], Syllabus, Notification 
TNPSC
»
Model MCQ Test [Syllabus Wise], Syllabus, Notification
RECENT BLOGS
Recently Added Subject & Categories For All Competitive Exams
Top 100+ English Jumbled Sentences MCQ with PDF for RBI
Very important Jumbled Sentences questions with answers PDF for RBI. 100+ General English practice exercises for all Bank, Govt, and Competitive Exams
Continue Reading »
Top 199+ Percentage Aptitude Online Test For UPSC TNPSC
Problems on percentage aptitude problems solving with the help of allegations & mixture method. Get all easy, quick shortcuts, formulas, methods & techniques
Continue Reading »
100+ Quadratic Equations MCQ with Solution PDF for SBI
Top Quadratic Equations Aptitude MCQ questions with detailed solutions, download PDF. Practice 100+ model exercises for RBI, all Govt, and Competitive Exams
Continue Reading »
Simple Interest Aptitude MCQ Questions Solutions PDF SBI
Recent Simple Interest Aptitude MCQ questions with detailed solutions, download PDF. Practice 100+ model exercises for RBI, all Govt, and Competitive Exams
Continue Reading »