Profit and Loss Questions for SSC CGL Set-2 PDF

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Instructions
For the following questions answer them individually

Question 1

When a discount of 20% is given on a lunch buffet, the profit is 42%. If the discount is 15%, then the
profit is:

A 57 percent

B 50.875 percent

C 63.125 percent

D 44.75 percent

Answer: B

Explanation:
Let marked price of lunch buffet = Rs. 100
(100−20)
When discount of 20% is given, => Selling price of ticket = 100 × 100 = Rs.80
Let cost price = Rs.x
80−x
=> Profit % = x × 100 = 42
80−x 42 21
=> x = 100 = 50

=> 4000 − 50x = 21x

=> 21x + 50x = 71x = 4000

4000
=> x = 71 = Rs. 56.33
(100−15)
If discount is 15%, => Selling price = 100 × 100 = Rs.85
85−56.33
=> Profit % = 56.33 × 100
2867
= 56.33 ≈ 50.875%

=> Ans - (B)

Question 2

A trader had 22 quintals of wheat. He sold a part of it at 23% profit and the rest at 33% profit, so that he
made a total profit of 27%. How much wheat did he sell at 33% profit?

A 1320 kg

B 440 kg

C 880 kg

D 1760 kg

Answer: C

Explanation:
1 quintal = 100 kg => 22 quintals = 2200 kg

Let the part he sold at 33% profit = x kg

=> Part he sold at 23% profit = (2200 − x) kg

Total profit made by the trader = 27%

=> 33x + 23(2200 − x) = 27 × 2200

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=> 33x + (23 × 2200) − 23x = 27 × 2200

=> 10x = 2200 × (27 − 23)

=> x = 220 × 4 = 880 kg

=> Ans - (C)

Question 3

If a merchant offers a discount of 10% on the list price, then she makes a loss of 25%. What % profit or %
loss will she make if she sells at a discount of 20% of the list price?

A 5 percent profit

B 33.33 percent loss

C 90 percent profit

D 20 percent profit

Answer: B

Explanation:
Let list price = Rs. 100x
100−10
After 10% discount, selling price = 100 × 100x = Rs. 90x
Let Cost price = Rs. y
y−90x
=> Loss % = y × 100 = 25
y−90x 25 1
=> y = 100 = 4

=> 4y − 360x = y

=> 4y − y = 360x
360x
=> y = 3 = 120x
100−20
If discount = 20%, => Selling price = 100 × 100x = Rs.80x
120x−80x
∴ Loss % = 120x × 100
100
= 3 ≈ 33.33%

=> Ans - (B)

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Question 4

A trader had 9 quintals of wheat. He sold a part of it at 10% profit and the rest at 20% profit, so that he
made a total profit of 14 %. How much wheat did he sell at 20% profit?

A 540 kg

B 360 kg

C 180 kg

D 720 kg

Answer: B

Explanation:

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1 quintal = 100 kg => 9 quintals = 900 kg

Let the part he sold at 20% profit = x kg

=> Part he sold at 10% profit = (900 − x) kg

Total profit made by the trader = 14%

=> 20x + 10(900 − x) = 14 × 900

=> 20x + (10 × 900) − 10x = 14 × 900

=> 10x = 900 × (14 − 10)

=> x = 90 × 4 = 360 kg

=> Ans - (B)

Question 5

A rice trader buys 22 quintals of rice for Rs 3,344. 24% rice is lost in transportation. At what rate should
he sell to earn 30% profit?

A Rs 88.86 per quintal

B Rs 197.6 per quintal

C Rs 269.2 per quintal

D Rs 260 per quintal

Answer: D

Explanation:
Cost price = Rs. 3344 for 22 quintals
100−24
Quantity of rice left with the trader after transportation lost = 100 × 22
19
= 25 × 22 = 16.72 quintals
130
To have 30% profit, total selling price of the trader should be = 100 × 3344

= Rs. 4347.2
4347.2
∴ Selling price per quintal = 16.72 = Rs.260
=> Ans - (D)

Question 6

When a discount of 25% is given on a cruise trip, the profit is 41%. If the discount is 26%, then the profit
is

A 39.12 percent

B 67 percent

C 94.88 percent

D 11.24 percent

Answer: A

Explanation:
Let marked price = Rs. 100x
100−25
After 25% discount, selling price = 100 × 100x = Rs. 75x
Let Cost price = Rs. y

75x−y
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 75x−y
=> Profit % = y × 100 = 41
75x−y 41
=> y = 100

=> 7500x − 100y = 41y

7500x
=> y = 141 ≈ Rs 53.2x
100−26
If, discount = 26%, => Selling price = 100 × 100x = Rs.74x
74x−53.2x
∴ Profit % = 53.2x × 100 =≈ 39.12%
Ans - (A)

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Question 7

A person buys 25 kg of rice for ₹600 and sells them at a loss equal to the selling price of 5 kg rice. What
will be the loss percentage?

A 14.28%

B 16.66%

C 25%

D 20%

Answer: B

Explanation:
Cost Price of 25 kg of rice = Rs.600
Then, Cost Price of 1 kg of rice = Rs.24
Given, Cost Price of 25 kg of rice - Selling Price of 25 kg of rice = Selling Price of 5 kg of rice
=> Cost Price of 25 kg of rice = Selling Price of 30 kg of rice
Here, Cost Price of 25 kg of rice = Rs.600
=> Selling Price of 30 kg of rice = Rs.600
Then, Selling Price of 1 kg of rice = Rs.20
24 − 20 4 1
Therefore, Loss percentage = 24 × 100 = 24 × 100 = 6 × 100 = 16.67%

Question 8

Selling price of first article is ₹ 470 and cost price of second article is ₹ 470. If there is a loss of 20% on
first article and profit of 20% on second article, then what will be the overall profit or loss percentage?

A 2.22% loss

B 4% profit

C No profit no loss

D 1.80% loss

Answer: A

Explanation:
Selling Price of first article = Rs.470
Loss = 20%
100
Cost Price of first article = Rs.470 × 80 = Rs.587.5
Cost Price of second article = Rs.470

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Profit = 20%
120
Selling Price of second article = Rs.470 × 100 = Rs.564
Overall Cost Price of both articles = Rs.587.5+Rs.470 = Rs.1057.5
Overall Selling Price of both articles = Rs.470+Rs.564 = Rs.1034
1057.5 − 1034 23.5
Therefore, Loss percent = 1057.5 × 100 = 1057.5 × 100 = 2.22%

Question 9

Selling price of first article is ₹ 960 and cost price of second article is ₹ 960. If there is a profit of 20% on
first article and loss of 20% on second article, then, what will be the total loss?

A ₹36

B ₹24

C ₹20

D ₹32

Answer: D

Explanation:
Given, Selling Price of first article = Rs.960
Profit = 20%
100
Then, Cost Price of first article = Rs.960 × 120 = Rs.800
Given, Cost Price of second article = Rs.960
Loss = 20%
80
Then, Selling Price of second article = Rs.960 × 100 = Rs.768
Total Cost Price of first and second article = Rs.800+Rs.960 = Rs.1760
Total Selling Price of first and second article = Rs.960+Rs.768 = Rs.1728
Therefore, Loss = Rs.1760 - Rs.1728 = Rs.32

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Question 10

Out of 100 articles, 25 articles were sold at 25% profit and the remaining articles were sold at 25% loss.
What will be the total loss percentage?

A 15

B 12.5

C 20

D 10

Answer: B

Explanation:
Let the Cost Price of each article be Rs.100
Then, Cost Price of 100 articles = 100*100 = Rs.10000
Cost Price of 25 articles = Rs.2500
Selling Price of 25 articles with a profit of 25% = 125% of Rs.2500 = Rs.3125
Remaining articles = 75
Cost Price of 75 articles = Rs.7500
Selling Price of 75 articles with a loss of 25% = 75% of Rs.7500 = Rs.5625

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Total Cost Price = Rs.10000
Total Selling Price = Rs.3125+Rs.5625 = Rs.8750
10000 − 8750 1250
Loss percentage = 10000 × 100 = 10000 × 100 = 12.5%

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