Profit And Loss Mcq Pdf Model Questions & Answers, Practice Test for ssc constables capfs nia ssf ar tier 1 2024
ssc constables capfs nia ssf ar tier 1 2024 SYLLABUS WISE SUBJECTS MCQs
Number System
Ratio & Proportion
Percentage
Time & Work
Mensuration
Advance Math
Trigonometric Ratios & Identities
Average
Profit & Loss
A merchant purchases a wrist watch for Rs. 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is
Answer: (d)
According to question,
${MP}/{SP} = 10/9$ 10 % discount
${CP}/{SP} = 5/6$ 20 % discount
to make SP same
CP  45 × 10 → 450 (Actual CP)
SP  54
MP  60 × 10 → 600 (Marked Price)
Thus, MP = Rs. 600
A manufacture fixes his selling price at 100/3 % over the cost of production, If cost of production goes up by 12% and manufacture raises his selling price by 10%, his percentage profit is
Answer: (a)
CP (300) → 12% increase → 336
SP (400) → 10% increase → 440
Profit % = $104/336 × 100 = 30{5}/8%$
A shopkeeper sold his gods at half the list price and thus lost 20%. If he had sold on the listed price, his gain percentage would be
Answer: (b)
Let the marked price = 100
According to the question,
Selling price = ${MP}/2 = 100/2 = 50$
Loss = 20%
Cost Price = 50 × $100/80 = 125/2$
Profit = MP – CP
= 100 – $125/2$
Profit = $75/2$
Profit% = $75/2 × 2/125 × 100 = 60%$
Nita blends two varieties of tea one costing Rs. 180 per and another costing Rs. 200 per kg in the ratio 5 : 3, If she sells the blended variety at Rs. 210 per kg then her gain is
Answer: (c)
According to question,
Tea – 1  180 per kg × 5 = 900
Tea – 2  200 per kg × 3 = 600
Total CP = 900 + 600 = 1500
SP = 210 × (5 + 3)
= 210 × 8 = 1680
Profit = SP  CP
= 1680 – 1500 = 180
Profit = ${Profit}/{CP} × 100$
= $180/1500 × 100 = 12%$
A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%, If C pays Rs. 225/ for it, the cost price of the bicycle for A is :
Answer: (d)
According to question,
$A (10) →↖{20% profit} B (12) →↖{25% profit} C (12 + 3 = 15)$
Thus, 1 unit = 15
10 units = 10 × 15 = Rs. 150
ssc constables capfs nia ssf ar tier 1 2024 IMPORTANT QUESTION AND ANSWERS

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