SSC CGL Tier II level Question Set 19, Profit and loss 2 | SureSolv

SSC CGL Tier II level Question Set 19, Profit and loss 2

19th SSC CGL Tier II level Question Set, 2nd on topic Profit and loss

ssc cgl tier II level question set 19 profit loss 2

This is the 19th question set of 10 practice problem exercise for SSC CGL Tier II exam and 2nd on topic Profit and loss. Students should complete this question set in prescribed time first and then only refer to the corresponding solution set for extracting maximum benefits from this resource.

We will repeat here the method of taking a 10 problem test if you have not gone through it already.

Method for taking this 10 problem test and get the best results from the test set:

  1. Before start, go through the tutorials Numbers, Number system and basic arithmetic operations, Factorizing or finding out factors, HCF and LCM, Basic concepts on fractions and decimals part 1, Ratio and proportion or any other short but good material to refresh your concepts if you so require.
  2. Answer the questions in an undisturbed environment with no interruption, full concentration and alarm set at 12 minutes.
  3. When the time limit of 12 minutes is over, mark up to which point you have answered, but go on to complete the set.
  4. At the end, refer to the answers given in the companion 19th SSC CGL Tier II level solution set on Profit and loss 2, to mark your score at 12 minutes. For every correct answer add 1 and for every incorrect answer deduct 0.25 (or whatever is the scoring pattern in the coming test). Write your score on top of the answer sheet with date and time.
  5. Identify and analyze the problems that you couldn't do to learn how to solve those problems.
  6. Identify and analyze the problems that you solved incorrectly. Identify the reasons behind the errors. If it is because of your shortcoming in topic knowledge improve it by referring to only that part of concept from the best source you get hold of. You might google it. If it is because of your method of answering, analyze and improve those aspects specifically.
  7. Identify and analyze the problems that posed difficulties for you and delayed you. Analyze and learn how to solve the problems using basic concepts and relevant problem solving strategies and techniques.
  8. Give a gap before you take a 10 problem practice test again.

Important: both practice tests and mock tests must be timed, analyzed, improving actions taken and then repeated. With intelligent method, it is possible to reach highest excellence level in performance.


19th question set—10 problems for SSC CGL Tier II exam: topic Profit and loss 2—Answering time 12 mins

Problem 1.

If the cost price is doubled and selling price is tripled, the profit would have become 65%. What is the present profit percentage?

  1. 10%
  2. 15%
  3. 20%
  4. 25%

Problem 2.

If a fruit-seller sells a coconut at Rs.14.4 he suffers 10% loss. If he wants to make a profit of 25%, then at what price should he sell?

  1. Rs.18
  2. Rs.16
  3. Rs.22
  4. Rs.20

Problem 3.

The cost of 9 files, 6 notebooks, and 4 pens is Rs.305 while the cost of 2 files, 4 notebooks and 3 pens is Rs.145. What is the cost of 16 files, 8 notebooks and 5 pens?

  1. Rs.440
  2. Rs.415
  3. Rs.465
  4. Cannot be determined

Problem 4.

A fruit-seller buys bananas at 9 for Rs.8 and sells at 8 for Rs.9. What will be the profit or loss in percentage?

  1. 13.28% loss
  2. 13.28% profit
  3. 26.56% profit
  4. 26.56% loss

Problem 5.

If a pizza-seller sells a pizza at Rs.200, he suffers a 20% loss. If he wants to make a profit of 10%, then at what price should he sell a pizza?

  1. Rs.300
  2. Rs.250
  3. Rs.325
  4. Rs.275

Problem 6.

Purchase cost of two watches were in ratio 16 : 23. If the cost of the first watch is increased by 10% and the second watch by Rs.477, the ratio changes to 11 : 20. The original purchase cost of the second watch is then,

  1. Rs.1696
  2. Rs.848
  3. Rs.932
  4. Rs.1219

Problem 7.

When the cost price of an item increases by 25% what will be the new profit margin in percentage if the original profit were 150%?

  1. 25
  2. 50
  3. 75
  4. 100

Problem 8.

A wholesale dealer sold some of his 200 dozens of mangoes at 20% profit and the rest at 10% profit, so that he made 13% profit on the two transactions taken together. How many mangoes (in dozens) did he sell at 20% profit?

  1. 80
  2. 140
  3. 120
  4. 60

Problem 9.

The sale price of an item when sold at a profit of 8% is Rs.28 more than the sale price when it is sold at a loss of 8%. The cost price of the item is,

  1. Rs.175
  2. Rs.170
  3. Rs.190
  4. Rs.165

Problem 10.

The profit earned by selling an item for Rs.625 is same as the loss incurred if it is sold for Rs.545. The price at which it is to be sold for a gain of Rs.65 is then,

  1. Rs.630
  2. Rs.660
  3. Rs.650
  4. Rs.640

To know how all the ten problems could be solved quickly in mind using basic and rich profit and loss concepts, percentage concepts and key pattern identification along with free resource use of choice values, you should refer to the companion solution set,

SSC CGL Tier II level solution set 19 Profit and loss 2.


Answers to the questions

Q1. Option a; 10%.

Q2. Option d: Rs.20.

Q3. Option c: Rs.465.

Q4. Option c: 26.56% profit.

Q5. Option d: Rs.275.

Q6. Option d: Rs.1219.

Q7. Option d: 100.

Q8. Option d: 60.

Q9. Option a: Rs.175.

Q10. Option c: Rs.650.


Resources that should be useful for you

7 steps for sure success in SSC CGL tier 1 and tier 2 competitive tests or section on SSC CGL to access all the valuable student resources that we have created specifically for SSC CGL, but generally for any hard MCQ test.

Other related question set and solution set on SSC CGL Profit, loss and discount and Ratio and Proportion

SSC CGL Tier II level Solution Set 21 on Profit loss discount 4

SSC CGL Tier II level Question Set 21 on Profit loss discount 4

SSC CGL Tier II level Solution Set 20 on Profit loss discount 3

SSC CGL Tier II level Question Set 20 on Profit loss discount 3

SSC CGL Tier II level Solution Set 19 on Profit and loss 2

SSC CGL Tier II level Question Set 19 on Profit and loss 2

SSC CGL Tier II level Solution Set 8 on Profit and loss 1

SSC CGL Tier II level Question Set 8 on Profit and loss 1

SSC CGL level Solution Set 53 on Profit and loss 4

SSC CGL level Question Set 53 on Profit and loss 4

SSC CGL level Solution Set 34 on Profit and loss 3

SSC CGL level Question Set 34 on Profit and loss 3

SSC CGL level Solution Set 29 on Profit and loss 2

SSC CGL level Question Set 29 on Profit and loss 2

SSC CGL level Solution Set 25 on Arithmetic Percentage Ratios

SSC CGL level Question Set 25 on Arithmetic Percentage Ratios

SSC CGL level Solution Set 24 on Arithmetic Ratios

SSC CGL level Question Set 24 on Arithmetic Ratios

SSC CGL level Solution Set 6 on Profit and loss

SSC CGL level Question Set 6 on Profit and loss

SSC CGL level Solution Set 5 on Arithmetic Ratios

SSC CGL level Question Set 5 on Arithmetic Ratios

SSC CGL level Solution Set 4 on Arithmetic Ratios

SSC CGL level Question Set 4 on Arithmetic Ratios

How to solve difficult SSC CGL Math problems at very high speed using efficient problem solving strategies and techniques

These resources should be extremely useful for you to speed up your in-the-exam-hall SSC CGL math problem solving. You will find these under the subsection Efficient Math Problem Solving.

This is a collection of high power strategies and techniques for solving apparently tricky looking problems in various topic areas usually within a minute. These are no bag of tricks but are based on concepts and strategies that are not to be memorized but to be understood and applied with ease along with permanent skillset improvement.

The following are the associated links,

How to solve SSC CGL level Profit and loss problems by Change analysis in a few steps 6

How to solve a difficult SSC CGL level Profit and loss problem with equal sale prices in a few steps 5

How to solve a difficult SSC CGL level Profit and Loss problem in a few steps 4

How to solve difficult SSC CGL Profit and loss problems in a few steps 3

How to solve similar problems in a few seconds, Profit and loss problem 2, Domain modeling

How to solve in a few steps, Profit and loss problem 1