SSC CGL Tier II level Question Set 20, Profit loss discount 3 | SureSolv

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

20th SSC CGL Tier II level Question Set, 3rd on topic Profit loss discount

ssc cgl tier II level question set 20 profit loss discount 3

This is the 20th question set of 10 practice problem exercise for SSC CGL Tier II exam and 3rd on topic Profit loss discount. Students should complete the 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 20th SSC CGL Tier II level solution set on Profit loss discount 3, 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.


20th question set—10 problems for SSC CGL Tier II exam: topic Profit loss discount 3—Answering time 12 mins

Problem 1.

A man sells an item 5% above its cost price. If he had bought it 5% less than what he had paid for it and sold it at Rs.2 less he would have gained 10%. The original cost price of the item is,

  1. Rs.300
  2. Rs.200
  3. Rs.100
  4. Rs.400

Problem 2.

A trader bought 200 eggs out of which 38 eggs were broken. He sold the remaining eggs at the rate of Rs.4.80 per dozen and thus gained 8%. His total investment is,

  1. Rs.45
  2. Rs.120
  3. Rs.60
  4. Rs.80

Problem 3.

A book seller allowed 10% discount on printed price. He gets 30% commission from the publisher. His profit percent is,

  1. $26\displaystyle\frac{3}{7}$
  2. $28\displaystyle\frac{4}{7}$
  3. $20$
  4. $25$

Problem 4.

The cost price of an article is marked up by 200% and the article is sold at Rs.540 after giving a discount of 25%. What is the original cost price?

  1. Rs.360
  2. Rs.250
  3. Rs.240
  4. Rs.300

Problem 5.

If the discount on an article is 15%, its selling price is Rs.816. What would be its selling price if the discount on it were 25%?

  1. Rs.800
  2. Rs.750
  3. Rs.720
  4. Rs.200

Problem 6.

A trader allows a trade discount of 20% and a cash discount of $6\frac{1}{4}$% on the marked price of the goods and gets a net gain of 20% on the cost. By how much above the cost price would the goods have been marked for sale?

  1. 40%
  2. 70%
  3. 50%
  4. 60%

Problem 7.

A store offers a variety of discounts that range between 20% and 25% inclusive. If a book is discounted to a price of Rs.270, then its maximum possible original price was,

  1. Rs.360
  2. Rs.345.5
  3. Rs.337.5
  4. Rs.334

Problem 8.

Two blends of tea costing Rs.350 and Rs.400 per kg were mixed in the ratio of 2 : 3 by weight. If one-fifth of the mixture is sold at Rs.460 per kg and the remaining at the rate of Rs.550 per kg, the profit percent will be,

  1. 50%
  2. 20%
  3. 30%
  4. 40%

Problem 9.

A shopkeeper sold an article at a loss of 10% after giving a discount equal to half of the marked price. Then the cost price is,

  1. $\displaystyle\frac{7}{9}$th of marked price
  2. $\displaystyle\frac{5}{9}$th of marked price
  3. $\displaystyle\frac{1}{9}$th of marked price
  4. $\displaystyle\frac{4}{9}$th of marked price

Problem 10.

If 60% discount is offered on the marked price so that the selling price becomes equal to the cost price, then what was the percentage mark up?

  1. 40%
  2. 100%
  3. 150%
  4. 250%

To know how most of the ten problems could be solved quickly in mind using basic and rich profit and loss concepts, percentage concepts, successive discount concept, Rich ratio concepts and key pattern identification, you should refer to the companion solution set,

SSC CGL Tier II level solution set 20 Profit and loss 3.


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