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

Answer: (c)

M.P = ${266 × 100}/95$ = Rs. 280

Now SP = Rs.280

P = 12%

CP = ${280 × 100}/112$ = Rs. 250

Answer: (b)

Profit on all the goods = 18% of 6000 = Rs. 1080

Profit on half of the goods = 12% of 3000 = Rs. 360

∴ Profit on remaining half of the objects

= 1080 – 360 = Rs. 720

Hence, required profit percentage

= $720/3000$ × 100% = 24 %

Answer: (b)

Selling price = Marked price – Discount

= 200 – 20% of 200 = 160

Cost Price = 160 – 16 = 144

Gain% = $16/144 × 100 = 100/9 % = 11{1}/9$ %

Answer: (b)

If listed price of article be Rs. 100 then discounted price be Rs. 80 (since discount = 20%)

After offering 16 articles to a dozen

Price of 16 articles = 80 × 12

Price of one article = ${80 × 12}/16$ = 60

Profit = 20 %

Cost price x (say) = 60 – x × $20/100$

⇒$x + x/5$ = 60

$x = 60 × 5/6 = 50$

Per cent above the cost price = ${100 - 50}/50 × 100$ = 100%

Answer: (a)

Let marked price = Rs. x

selling price (S.P) = $x - 25/100 x$

SP = Rs.$3/4 x$

Let cost price (CP ) = Rs. y

Profit = 20%

$20/100y$ = 40

y = 200

selling price (SP) = 200 + 40 = Rs. 240

$3/4x = 240$

$x = {240 × 4}/3 = 320$