# Profit and Loss Questions and Answers for SSC Exams - 1

Question: 1

The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%.

(A) 35.5%

(B) 37.5%

(C) 48%

(D) 50.5%

Ans: B

Let marked price = Rs. 100.

Then, C.P. = Rs. 64. S.P. = Rs. 88.

∴ Gain% = \$\$({24} / {64} × 100)%\$\$ = 37.5%.

Question: 2

A manufacturer marked an article at Rs. 50 and sold it allowing 20% discount. If his profit was 25%, then the cost price of the article was

(A) Rs. 30

(B) Rs. 31

(C) Rs. 32

(D) Rs. 34

Ans: C

S.P. = 80% of Rs. 50 = Rs. \$\$({80}/{100} × 50)\$\$ = Rs. 40,

Profit = 25%.

∴ C.P. = Rs. \$\$({100}/{125} × 40)\$\$ = Rs. 32.

Question: 3

Komal buys an article at a discount of 25%. At what percentage above the cost price should he sell it to make a profit of 25% over the original list price?

(A) 60

(B) 66.67

(C) 70

(D) 80

Ans: B

Let original list price = Rs. 100.

Then, C.P. = Rs. 75. Desired S.P. = Rs. 125.

∴ Required percentage = \$\$({50} / {75} × 100)%\$\$ = 66.67%.

Question: 4

Supriya sold a washing machine for Rs.8500. She incurred a loss of 15% in this transaction. At what price had she bought the washing machine?

(A) Rs. 1200

(B) Rs. 10000

(C) Rs. 10500

(D) Rs. 11000

Ans: B

S.P. of washing machine = Rs. 8500.

Loss% = 15%

C.P. of washing machine = Rs. \$\$({100}/{85} × 8500)\$\$ = Rs. 10000.

Question: 5

Sam purchased 20 dozens of toys at the rate of Rs.375 per dozen. He sold each one of them at the rate of Rs.33. What was his percentage profit?

(A) 3.5

(B) 4.5

(C) 5.5

(D) 5.6

Ans: D

C.P. of 1 toy = Rs. \$\$({375} / {12})\$\$ = Rs. 31.25.

S.P. of 1 toy = Rs. 33.

∴ Profit% = \$\$({1.75} / {31.25} × 100)\$\$%

= \$\${28}/{5}\$\$% = 5.6%.

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