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SSC Quantitative Aptitude - Profit and Loss Important Questions

Quantitative Aptitude - Profit and Loss

Exam Duration: 45 Mins Total Questions : 30

1 )

I gain 70 paise on Rs. 70. My gain percent is :

(a)
0.1%
(b)
1 %
(c)
7 %
(d)
10 %

2 )

In terms of percentage profit, which is the best transaction ?

(a)
C.P (in Rs.) Profit (in Rs.)

36 17
(b)
C.P (in Rs.) Profit (in Rs.)

50 24
(c)
C.P (in Rs.) Profit (in Rs.)

40 19
(d)
C.P (in Rs.) Profit (in Rs.)

60 29

3 )

What was the cost price of the suitcase purchased by Richard?

I.Richard got 20% concession on the labelled price.

II.Richard sold the suitcase for Rs.2000 with 25% profit on the labelled price.

(a)
If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
(b)
If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
(c)
If the data either in statement I or in the statement II are alone are sufficient to answer the question.
(d)
If the data even in both statements I and II together are not sufficient to answer the question.
(e)
If the data in both statements I and II together are necessary to answer the question.

4 )

By selling a product for Rs.100,how much profit was earned?

I.20% profit would have been earned if it were sold for Rs.90

II.The profit was one-third of purchase price.

(a)
If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
(b)
If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
(c)
If the data either in statement I or in the statement II are alone are sufficient to answer the question.
(d)
If the data even in both statements I and II together are not sufficient to answer the question.
(e)
If the data in both statements I and II together are necessary to answer the question.

5 )

How many articles were sold?

I.Total profit earned was Rs.1596.

II.Cost price per articles was Rs.632.

III.selling price per article was Rs.765.

(a)
Any two of the three
(b)
I and II only
(c)
II and III only
(d)
All I,II and III
(e)
Question cannot be answered even with the information in all the three statement.

6 )

By selling an article what is the percent gained?

I.5% discount is given on list price.

II.If discount is not given,20%profit is gained.

III.The cost price of the article is Rs.5000.

(a)
Only I and II
(b)
only II and III
(c)
Only I and III
(d)
All I,II and III
(e)
None of these

7 )

What is the marked price of the suitcase?

I.When a discount of 15% is offered,the profit earned is 10.5%

II.The cost price of the suitcase is Rs.1500.

III.The marked price is 30% above the cost price.

(a)
I only
(b)
Either I or III
(c)
Any one of the three
(d)
ALL I,II and III are required
(e)
None of these

8 )

A shopkeeper purchased 70 kg of potatoes for Rs.420 and sold the whole lot at the rate of Rs.6.50 per kg.What will be his gain percent?

(a)
\(4\frac{1}{6}\%\)
(b)
\(6\frac{1}{4}\%\)
(c)
\(8\frac{1}{3}\%\)
(d)
20%

9 )

A person bought 20 litres of milk at the rate of Rs.8 per litre.He got it churned after spending Rs.10 and 5 kg of cream and 20 litres of toned milk were obtained.If he sold the cream at Rs.30 per kg and toned milk at Rs.4 per litre, his profit in the transaction is:

(a)
25%
(b)
35.3%
(c)
37.5%
(d)
42.5%

10 )

A manufacturer undertakes to supply 2000 pieces of a particular component at Rs.25 per piece.According to his estimates, even if 5% fail to pass the quality tests, then he will make a profit of 25%.However, as it turned out, 50% of the components were rejected.What is the loss to the manufacturer?

(a)
Rs.12,000
(b)
Rs.13,000
(c)
Rs.14,000
(d)
Rs.15,000

11 )

A man gains 20% by selling an article for a certain price.If he sells it at double the price, the percentage of profit will be:

(a)
40
(b)
100
(c)
120
(d)
140

12 )

At what profit percent must an article be sold so that by selling at half that price, there may be a loss of 30%?

(a)
25%
(b)
36%
(c)
40%
(d)
42%

13 )

The cost price of 19 articles is equal to the selling price of 16 articles.Gain percent is:

(a)
\(3\frac{9}{17}\%\)
(b)
\(15\frac{15}{19}\%\)
(c)
\(18\frac{3}{4}\%\)
(d)
20%

14 )

A man bought some fruits at the rate of 16 for Rs.24 and sold them at the rate of 8 for Rs.18.What is the profit percent ?

(a)
25%
(b)
40%
(c)
50%
(d)
60%
(e)
None of these

15 )

A man bought some oranges at Rs.10 per dozen and bought the same number of oranges at Rs.8 per dozen.He sold these oranges at Rs.11 per dozen and gained Rs.120.The total number of oranges bought by him was:

(a)
30 dozens
(b)
40 dozens
(c)
50 dozens
(d)
60 dozens

16 )

A trader mixes three varieties of groundnuts costing Rs.50, Rs.20 and Rs.30 per kg in the ratio 2:4:3 in terms of weight, and sells the mixture at Rs.33 per kg.What percentage of profit does he make?

(a)
8%
(b)
9%
(c)
10%
(d)
None of these

17 )

A dairyman pays Rs.6.40 per litre of milk.He adds water and sells the mixture at Rs.8 per litre, thereby making 37.5% profit.The proportion of to milk received by the customer is:

(a)
1 : 10
(b)
1 : 12
(c)
1 : 15
(d)
1 : 20

18 )

By mixing two brands of tea and selling the mixture at the rate of Rs.177 per kg, a shopkeeper makes a profit of 18%.If to every 2kg of one brand costing Rs.200 per kg, 3kg of the other brand is added, then how much per kg does the other brand cost?

(a)
Rs.110
(b)
Rs.120
(c)
Rs.140
(d)
None of these

19 )

An article was sold for Rs.144.If the percentage of profit was numerically equal to the cost price,the cost of the article was :

(a)
Rs.72
(b)
Rs.80
(c)
Rs.90
(d)
Rs.100

20 )

Rahul purchased a scooter at \(\frac{13}{15}\)th of its selling price and sold it at 12% more than its selling price.His gain is :

(a)
20%
(b)
\(29\frac{3}{13}\%\)
(c)
30%
(d)
\(38\frac{1}{13}\%\)

21 )

A man purchased sugar worth Rs.400.He sold \(\frac{3}{4}\)th at a loss of 10% and the remainder at a gain of 10%.On the whole,he gets :

(a)
a loss of 5%
(b)
a gain of \(5\frac{1}{2}\%\)
(c)
a loss of \(5\frac{1}{19}\%\)
(d)
a loss of \(5\frac{5}{19}\%\)

22 )

A fruitseller has 24 kg of apples.He sells a part of these at a gain of 20% and the balance at a loss of 5%.If on the whole he earns a profit of 10% ,the amount of apples sold at a loss is :

(a)
4.6 kg
(b)
6 kg
(c)
9.6 kg
(d)
11.4 kg

23 )

A fan is listed at Rs.1500 and a discount of 20% is offered on the lis tr price.What additional discount must be offered to the customer to bring the net price to Rs.1104 ?

(a)
8%
(b)
10%
(c)
12%
(d)
15%

24 )

A discount of 15% on one article is the same as a discount of 20% on another article.The costs of the two articles can be :

(a)
Rs.40,Rs.20
(b)
Rs.60,Rs.40
(c)
Rs.80,Rs.60
(d)
Rs.60,Rs.40

25 )

After successive discounts of 12% and 5% an article was sold for Rs.209.What was the original price of the article?

(a)
Rs.226
(b)
Rs.250
(c)
Rs.252
(d)
Rs.269

26 )

At what percent above the cost price must a shopkeeper mark his goods so that he gains 20% even after giving a discount of 10% on the marked price ?

(a)
25%
(b)
30%
(c)
\(33\frac{1}{3}\%\)
(d)
\(37\frac{1}{2}\%\)

27 )

A trader marked his goods at 20% above the cost price.He sold half the stock at the marked price,one quarter at a discount of 20% on the marked price and the rest at a discount of 40% on the marked price.His total gain is :

(a)
2%
(b)
4.5%
(c)
13.5%
(d)
15%

28 )

If a commission of 10% is given on the written price of an article,the gain is 20%.If the commission is increased to 20%,the gain is :

(a)
\(6\frac{2}{3}\%\)
(b)
\(7\frac{1}{4}\%\)
(c)
\(12\frac{1}{2}\%\)
(d)
\(13\frac{1}{3}\%\)

29 )

A shopkeeper sold a T.V. set for Rs.17,940 with a discount of 8% and earned a profit of 19.6%.What would have been the percentage of profit earned if no discount was offered?

(a)
24.8%
(b)
25%
(c)
26.4%
(d)
Cannot be determined
(e)
None of these

30 )

A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%.What would have been the percentage of profit earned if no discount was offered ?