profit and loss Model Questions & Answers, Practice Test for ssc mts paper 1 2023

Answer: (b)

Actual profit percentage

= $\text"Fair weight – Unfair weight"/\text"Unfair weight" × 100$

= ${1000 - 800}/800 × 100$

= $200/800 × 100$ = 25%

Answer: (d)

Let the CP be = Rs. 100

Actual SP = 100 + 20% of 100 = Rs. 120

Marked Price = $120 × 100/{100 - 4} = {120 × 100}/96$ = Rs. 125

Marked Price is ${125 - 100}/96$ × 100

= 25% more than the cost price.

Answer: (c)

Let the costs of the two articles be x and y. Then,

15% of x = 20% of y ⇒ $x/y = 20/15 = 4/3$

So, x and y must be in the ratio of 4 : 3.

Rs. 80, Rs. 60.

Answer: (d)

Amar–100, Bharat–120, Sridhar–132

No profit or loss is mentioned about the deal between Sridhar and the mechanic.

So the answer cannot be determined.

Answer: (c)

C.P. of a radio = Rs. 600

New C.P. after adding transportation charges

= Rs. (600 + 5% of 600) = Rs. $(600 + 5/100 × 600) = Rs. 630

S.P. = $({100 + \text"Profit" %}/100)$ × C.P

= ${100 + 15}/100 × 630 = 115/10 × 63$ = Rs.724.50