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

19th SSC CGL Tier 2 Question Set on Profit and loss with answers

Solve the questions in Profit and Loss for SSC CGL Tier 2 Question Set 19 within scheduled time of 12 mins and verify results from answers.

Link to the companion solution set and the answers are at the end.

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Profit and loss for SSC CGL Tier 2 Question set 19 - 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.

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Answers to the Profit and loss for SSC CGL Tier 2 Question set 19

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.

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