# Profit Loss Questions Practice Set For SSC CGL Tier 1 2018

# Profit Loss Questions Practice Set For SSC CGL Tier 1 2018

Profit Loss Questions Practice Set For SSC CGL Tier 1 2018

**Q1. Oranges are bought at 7 for Rs. 3. At what rate per hundred must they be sold to gain 33%?**

(a) Rs. 56

(b) Rs. 60

(c) Rs. 50

(d) Rs. 57

**Q2. The cost price of 36 books is equal to the selling price of 30 books. The gain per cent is:**

(a) 20%

(b) 16

(c) 18%

(d) 82

**Q3. A man wanted to sell an article with 20% loss for Rs. 480. At what price he wanted to sell it to earn the profit?**

(a) Rs. 720

(b) Rs. 840

(c) Rs. 600

(d) Rs. 750

**Q4. A person sells two machines at Rs. 396 each. On one he gains 10% and on the other he loses 10%. His profit or loss in ****the whole transaction is:**

(a) no gain no loss

(b) 1% loss

(c) 1% profit

(d) 8% profit

**Q5. A trader bought 10 kg of apples for Rs. 405 out of which 1 kg of apples were found to be rotten. If he wishes to make a ****profit of 10%, at what rate should he sell the remaining apples per kg?**

(a) Rs. 45

(b) Rs. 49.50

(c) Rs. 50

(d) Rs. 51

**Q6. A man buys 12 articles for Rs. 12/- and sells them at the rate of Rs. 1.25 per article. His gain percentage is:**

(a) 20

(b) 25

(c) 15

(d) 18

**Q7. The cost price of 15 articles is same as the selling price of 10 articles. The profit percent is:**

(a) 30%

(b) 40%

(c) 50%

(d) 45%

**Q8. By selling an article for Rs. 240, a man incurs a loss of 10%. At what price should he sell it, so that he makes a profit ****of 20%?**

(a) Rs. 264

(b) Rs. 288

(c) Rs. 300

(d) Rs. 320

**Q9. A house and a shop were sold, For Rs.1 lakh each. In this transaction, the house sale resulted into 20% loss whereas ****the shop sale into 20% profit. The entire transaction resulted in:**

(a) no loss no gain

(b) gain of Rs.1/24 lakh

(c) loss of Rs. 1/12 lakh

(d) loss of Rs. 1/18 lakh

**Q10. If a man estimates his loss as 20% of the selling price, then his loss per cent is:**

(a) 20%

(b) 25%

(c) 40/3%

(d) 50/3%

**Q11. If 3 toys are sold at the cost price of 4 toys of the same kind, the profit will be:**

(a) 25%

(b) 33 1/3%

(c) 66.55%

(d) 50%

**Q12. A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225/- for it, the cost price of the ****bicycle for A is:**

(a) Rs. 110/-

(b) Rs. 125/-

(c) Rs. 120/-

(d) Rs. 150/-

**Q13. 12 copies of a book were sold for Rs. 1800/- thereby gaining cost-price of 3 copies. The cost price of a copy is:**

(a) Rs.120/-

(b) Rs. 150/-

(c) Rs. 1200/-

(d) Rs. 1500/-

**Q14. The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss is:**

(a) 20% gain

(b) 25% gain

(c) 33.33% loss

(d) 40% loss

**Q15. By selling an article for Rs. 480 a person lost 20%. For what should he sell it to make a profit of 20%?**

(a) Rs. 800

(b) Rs. 760

(c) Rs. 720

(d) Rs. 68

**Q16. A house worth Rs. 1,50,000 is sold by X at a 5% profit to Y,Y sells the house back to X at a 2% loss. Then in the entire****transaction?**

(a) X gains Rs. 4,350

(b) X loses Rs. 4,350

(c) X gains Rs. 3,150

(d) X loses Rs. 3,150

**Q17. A book-seller bought 200 textbooks for Rs. 12,000. He wanted to sell them at a profit so that he got 20 books free. At ****what profit percent should he sell them?**

(a) 10

(b) 11

(c) 11.5

(d) 12

**Q18. If I would have purchased 11 articles for Rs. 10 and sold all the articles at the rate of 10 for Rs. 11, the profit per cent ****would have been:**

(a) 10%

(b) 11%

(c) 21%

(d) 100%

**Q19. By selling an article for Rs. 72, there is a loss of 10%. In order to gain 5%, its selling price should be:**

(a) Rs. 87

(b) Rs. 85

(c) Rs. 80

(d) Rs. 84

**Q20. An article is sold at a loss of 10%. Had it been sold for Rs. 9 more, there would have been a gain of 12 on it. The cost ****price of the article is:**

(a) Rs. 40

(b) Rs. 45

(c) Rs. 50

(d) Rs. 35

**21. A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?**

(a) Rs. 1202

(b) Rs. 1190

(c) Rs. 1160

(d) Rs. 1000

**Q22. The ratio of cost price and selling price is 5: 4, the loss per cent is:**

(a) 20%

(b) 25%

(c) 40%

(d) 50%

**Q23. A shopkeeper sells two T.V. sets at the same price. There is a gain of 20% on one TV and a loss of 20% on the other. ****State which of the following statement is correct:**

(a) The shopkeeper makes no net gain or profit

(b) The shopkeeper loses by 2%

(c) The shopkeeper gains by 4%

(d) The shopkeeper loses by 4%

**Q24. If the cost price of 15 tables be equal to the selling price of 20 tables, the loss per cent is:**

(a) 20%

(b) 30%

(c) 25%

(d) 37.5%

**Q25. A person buys some pencils at 5 for a rupee and sells them at 3 for a rupee. His gain per cent will be:**

(a) 66

(b) 76

(c) 56

(d) 46

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