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

A manufacturer of a certain item can sell all he can produce at the selling price of Rs. 60 each. It costs him Rs. 40 in materials and labour to produce each item and he has overhead expenses of Rs. 3,000 per week in order to operate that plant. The number of units he should produce and sell in order to make a profit of at least Rs. 1,000 per week is

A milkman defrauds by means of a false measure to the tune of 20% in buying and also defrauds to the tune of 25% in selling. Find his overall % gain.

The ratio between the sale price and the cost price of an article is 7 : 5. What is the ratio between the profit and the cost price of that article?

A tradesman marks his goods at 25% above cost price and allows discount of 12.5 per cent for cash payment. What profit per cent does he make ?

A manufacturer sells a car to a dealer at a profit of 50%, the dealer sells it to a customer at a profit fo 20% and the customer sells it to a friend for Rs. 288000 at a loss of 20%. Find the cost of manufacturer.