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

Answer: (b)

Let marked price of the instrument be Rs. x

Selling price, S.P. = $x – 20/100 x = 0.8x$

Cost price, C.P. = C.P. + $25/100$ C.P. = 0.8x

C.P. = ${0.8 × 100}/125 = 16/25x$

$x = 25/16$ C.P..

Given that $25/100$ C.P = 150

⇒ C.P. = ${150 × 100}/25$ = 600

Marked price x = $25/16$ × 6,000 = Rs. 938.50

Answer: (b)

Article purchased = Rs. 78350

Marked price = Rs. $(78350 × 130/100)$ = Rs. 101855

After Discount Price of Article

= Rs. $(101855 × 80/100)$ = Rs.81484

Profit Percentage = $\text"Profit"/\text"Cost Price" × 100$

${81484 - 78350}/81484 ×100$ = 3.8 ≈ 4%

Answer: (a)

Let the original cost price be Rs. 100.

Then, profit = Rs. 320 and SP = Rs. 420

New CP = Rs. 125

New profit = SP – New CP = Rs. 295

⇒ Required profit = $295/420 × 100$ = 70.23% ≈ 70%

Answer: (c)

Suppose original price is Rs.100

A pays Rs.95 for it

He sells it for (95 × 120%) = 114

Profit on original price = 114 – 100 = 14.

Profit % = $14/100 × 100$ = 14%

Answer: (b)

The trader professes to sell 1200 kg but sells only 1000 kg.

So profit = 20%

Markup = 10%

Total profit = $10 + 20 + {10 × 20}/100$ = 32%