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

Answer: (b)

∵ Selling price of an article = Rs. 240

∴ Cost price of an article for the loss of 4%

= Rs. ${240 × 100}/96$

∴ Selling price of an article for a profit of 10%

= ${240 × 100}/96 × 110/100 = {240 × 110}/96$ = Rs. 275

Answer: (c)

Let SP = CP = Rs. x

Gain percentage = $x × 20/100 = x/5$

Gain weight = $x/5 × 1000$ = 200 g

Uses weight = 1000 – 200 = 800 g

Answer: (b)

Cost of one chair = Rs. 50

∴ Amount paid for 1 chair = $50 × {100 - 20}/100 × {100 - 15}/100$

(∵ Given, 20% and 15 % discount on chair)

= $50 × 80/100 × 85/100 = 34$

cost of 250 chair at the rate of 34 per chair is

250 × 34 = Rs. 8500

Further , 5% discount on Rs. 8500 is

$8500 × 5/100$ = Rs. 425

∴ Total payment after discount

= 8500 – 425 = 8075

Answer: (c)

CP = 20 × 15 + 30 × 13 = Rs. 690

SP = $4/3$ of 690 × $1/50$ = Rs. 18.40

Answer: (b)

Let original price = Rs. 100.

Then C.P. = Rs. 90, S.P. = 130% of Rs. 90

= Rs. $(130/100 × 90)$ = Rs. 117.

∴ Required percentage = (117 – 100)% = 17%.