Profit And Loss For SSC CGL Exam, Check All Details

Profit And Loss For SSC CGL Exam

Profit And Loss For SSC CGL Exam: Profit and Loss is a simple topic that appears in many government exams. Candidates can expect at least 1-2 questions on Profit and Loss for SSC CGL Exam at an easy to moderate level. Profit and Loss consist of theory and some important basic formulas. Based on the concept and formulas one can solve the questions related to profit and loss. In this blog Profit and Loss for SSC CGL Exam, we have covered a basic concept, some important questions with different patterns along with the solutions and explanations. So, candidates must understand the concept, learn the formulas, and practice the questions.

Concept of Profit And Loss

Profit: Profit can be defined as it is the amount that is gained by selling a product at a price greater than its purchased price.

Loss: Loss can be defined as it is the amount lost by selling a product for less than its purchased price.

Cost Price: It is the amount that is paid to purchase a product.

Selling Price: It is the amount for which the product is sold.

Important Formulas:

• Profit or Gain= Selling Price – Cost Price
• Loss = Cost Price – Selling Price
• Profit percentage (P%) = (Profit /Cost Price) x 100
• Loss percentage (L%) = (Loss / Cost price) x 100
• Selling Price = {(100 + Profit%)/100} x Cost Price
• Selling Price = {(100 – Loss%)/100} x Cost Price
• Cost Price = {100/(100 + Profit%)} x Selling Price
• Cost Price = {100/(100 – Loss%)} x Selling Price
• Discount = Marked Price – Selling Price
• Selling Price = Marked Price -Discount

Questions on Profit and Loss with Solutions

We have understood the concept of Profit and Loss in simple words and we have also learned the formulas of Profit and Loss. In this section, we have provided the questions in both Hindi and English language for the candidate’s convenience. Candidates can solve the questions to boost their practice and also check the answers and solutions provided in this blog.

Profit and Loss Questions in the English Language

Question 1: Surya purchased 40 bottles at some amount and he sold 30 bottles out of the 40 bottles at the same amount at which he purchased the 40 bottles. Find the profit/loss per bottle sold by him.

A) (100/3) %

B) 25%

C) 30%

D) 40%

Question 2: The ratio of the marked price to cost price of an article is 13:10. A discount of Rs. 54 is given on the article and it is sold at a profit of 20%. Find the marked price of the article.

A) Rs. 648

B) Rs. 702

C) Rs. 540

D) Rs. 620

Question 3: A seller sold 4 pencils and 6 pens for Rs. 80. If the selling price of each pen is twice that of a pencil, then find the selling price of 12 pencils.

A) Rs. 60

B) Rs. 48

C) Rs. 50

D) Rs. 120

Question 4: A seller marked an article 80% above its cost price and sold it after allowing a discount of 40%. Find the gain percentage of the seller.

A) 8%

B) 12%

C) 15%

D) 9%

Question 5: The cost price of 7 articles is equal to the selling price of 8 articles. If the loss incurred on selling 1 article is Rs. 75, then find the cost price of 1 article.

A) Rs. 540

B) Rs. 960

C) Rs. 600

D) Rs. 400

Question 6: A seller marked an article at Rs. 400 and sold it after allowing two successive discounts of 15% and 10%, respectively. If he earned a profit of Rs. 96, then find the cost price of the article.

A) Rs. 240

B) Rs. 200

C) Rs. 210

D) Rs. 180

Question 7: A seller marked an article for Rs. 8,000 and sold it at Rs. 6,532. Find the discount percentage allowed by the seller.

A) 19.25%

B) 18.35%

C) 17.65%

D) 17.75%

Question 8: An article was sold at a loss of 8%. If it had been sold for Rs. 460 more, then it would have been sold at a profit of 15%. If the same article was sold for Rs. 2,440, then what would be the profit percentage earned?

A) 28%

B) 18%

C) 22%

D) 16%

Question 9: Suraj bought an article at 40% discount on marked price and sold it after allowing a 25% discount on marked price. Find his gain percentage.

A) 15%

B) 25%

C) 20%

D) 7.5%

Question 10: The profit earned on selling 5 article ‘A’ for Rs. 120 is same as the loss incurred on selling 8 article ‘A’ for Rs. 114. Find the cost price of each article ‘A’.

A) Rs. 12

B) Rs. 16

C) Rs. 24

D) Rs. 18

Profit and Loss Questions in the Hindi Language

प्रश्न 1: सूर्या ने कुछ राशि में 40 बोतलें खरीदीं और उसने 40 बोतलों में से 30 बोतलें उसी कीमत पर बेचीं जिस पर उसने 40 बोतलें खरीदी थीं। उसके द्वारा बेची गई प्रति बोतल लाभ/हानि ज्ञात कीजिए।

A) (100/3) %

B) 25%

C) 30%

D) 40%

प्रश्न 2: एक वस्तु के अंकित मूल्य और क्रय मूल्य का अनुपात 13:10 है। उस वस्तु पर Rs. 54 की छूट दी जाती है और इसे 20% के लाभ पर बेचा जाता है। वस्तु का अंकित मूल्य ज्ञात कीजिए।

A) Rs. 648

B) Rs. 702

C) Rs. 540

D) Rs. 620

प्रश्न 3: एक विक्रेता ने 4 पेंसिल और 6 कलम को Rs. 80 में बेचा। यदि प्रत्येक कलम का विक्रय मूल्य एक पेंसिल से दोगुना है तो 12 पेंसिलों का विक्रय मूल्य ज्ञात कीजिए।

A) Rs. 60

B) Rs. 48

C) Rs. 50

D) Rs. 120

प्रश्न 4: एक विक्रेता ने एक वस्तु को उसके क्रय मूल्य से 80% अधिक अंकित किया और 40% की छूट देकर उसे बेच दिया। विक्रेता का लाभ प्रतिशत ज्ञात कीजिए।

A) 8%

B) 12%

C) 15%

D) 9%

प्रश्न 5: 7 वस्तुओं का क्रय मूल्य 8 वस्तुओं के विक्रय मूल्य के बराबर है। यदि 1 वस्तु को बेचने पर होने वाली हानि Rs. 75 होती है, तो 1 वस्तु का क्रय मूल्य ज्ञात कीजिए।

A) Rs. 540

B) Rs. 960

C) Rs. 600

D) Rs. 400

प्रश्न 6: एक विक्रेता ने Rs. 400 पर एक वस्तु अंकित किया गया और क्रमशः 15% और 10% की दो लगातार छूट देने के बाद इसे बेच दिया गया। यदि उसने Rs. 96 का लाभ कमाया है, तो वस्तु का क्रय मूल्य ज्ञात कीजिए।

A) Rs. 240

B) Rs. 200

C) Rs. 210

D) Rs. 180

प्रश्न 7: एक विक्रेता ने Rs. 8,000 के लिए एक वस्तु को अंकित किया और इसे Rs. 6,532 में बेच दिया। विक्रेता द्वारा अनुमत छूट प्रतिशत ज्ञात कीजिए।

A) 19.25%

B) 18.35%

C) 17.65%

D) 17.75%

प्रश्न 8: एक वस्तु को 8% की हानि पर बेचा गया। यदि इसे Rs. 460 अधिक में बेचा गया होता तो इसे 15% के लाभ पर बेचा जाता। यदि उसी वस्तु को Rs. 2,440 में बेचा गया था। तो अर्जित लाभ प्रतिशत क्या होगा?

A) 28%

B) 18%

C) 22%

D) 16%

प्रश्न 9: सूरज ने अंकित मूल्य पर 40% छूट पर एक वस्तु खरीदी और अंकित मूल्य पर 25% छूट देने के बाद उसे बेच दिया। उसका लाभ प्रतिशत ज्ञात कीजिए।

A) 15%

B) 25%

C) 20%

D) 7.5%

प्रश्न 10: Rs. 120 में 5 वस्तु ‘A’ को बेचने पर अर्जित लाभ, Rs. 114 में 8 वस्तु ‘A’ को बेचने पर हुई हानि के बराबर है। प्रत्येक वस्तु ‘A’ का क्रय मूल्य ज्ञात कीजिए।

A) Rs. 12

B) Rs. 16

C) Rs. 24

D) Rs. 18

ANSWER KEYS and SOLUTIONS:

Solutions of the Above Questions with Explanation

Solution 1: 1)

Let the price at which Surya purchased each bottle = Rs. 1

Cost Price of each bottle = Rs. 1

Cost Price of 40 bottles = Rs. 40

Selling Price of 30 bottles = Rs. 40

So, selling price per bottle = (40/30) = Rs. (4/3)

So, profit% per bottle = {(4/3) – 1} X 100 = (100/3)%

Hence, option a.

Solution 2: 2)

Let the cost price and marked price of the article be Rs. 10x & Rs. 13x, respectively.

Selling price of the article after giving Rs. 54 discount = Rs. (13x – 54)

Selling price of the article at a profit of 20% = 10x X (120/100) = Rs. 12x

Given, 12x = 13x – 54

Or, x = 54

So, marked price of the article = 13x = 13 X 54 = Rs. 702

Hence, option b.

Solution 3: 1)

Let the selling price of each pencil be Rs. ‘x’.

So, selling price of each pen = 2 X x = Rs. ‘2x’

ATQ;

(4 X x) + (6 X 2x) = 80

Or, 4x + 12x = 80

Or, 16x = 80

So, x = 5

So, selling price of 12 pencils = 12 X 5 = Rs. 60

Hence, option a.

Solution 4: 1)

Let the cost price of the article be Rs. ‘100x’

So, marked price of the article = 100x X 1.8 = Rs. ‘180x’

And selling price of the article = 180x X 0.6 = Rs. ‘108x’

So, profit earned = 108x – 100x = Rs. ‘8x’

So, gain percentage = (8x/100x) X 100 = 8%

Hence, option a.

Solution 5: 3)

Let the cost price of 1 article = Rs. ‘100x’

Then, cost price of 7 articles = 7 X 100x = Rs. ‘700x’ = selling price of 8 articles

So, selling price of 1 article = (700x/8) = ‘87.5x’

According to the question,

100x – 87.5x = 75

So, x = 75 ÷ 12.5 = 6

So, cost price of an article = 100x = 100 X 6 = Rs. 600

Alternate solution

7 X CP = 8 X SP

Or, (SP/CP) = (7/8)

So, cost price of 1 article = {8/(8 – 7)} X 75 = Rs. 600

Hence, option c.

Solution 6: 3)

Selling price of the article = 400 X 0.85 X 0.9 = Rs. 306

So, cost price of the article = 306 – 96 = Rs. 210

Hence, option c.

Solution 7: 2)

Total discount allowed = 8000 – 6532 = Rs. 1,468

So, required percentage = (1468/8000) X 100 = 18.35%

Hence, option b.

Solution 8: 3)

Let the cost price of the article = Rs. ‘100x’

Then, selling price when article is sold at loss of 8% = 100x X 0.92 = Rs. ’92x’

According to the question,

92x + 460 = 100x X 1.15

Or, 460 = 115x – 92x = 23x

So, x = 460 ÷ 23 = 20

So, cost price of the article = 100x = 100 X 20 = Rs. 2,000

Therefore, percentage of profit earned = {(2440 – 2000)/2000} X 100 = 22%

Hence, option c.

Solution 9: 2)

Let the marked price of the article be Rs. ‘100x’

So, cost price of the article for Suraj = 100x X 0.6 = Rs. ’60x’

And selling price of the article for Suraj = 100x X 0.75 = Rs. ’75x’

So, profit earned by Suraj = 75x – 60x = Rs. ’15x’

So, gain percentage = (15x/60x) X 100 = 25%

Hence, option b.

Solution 10: 4)

Let the cost price of each article ‘A’ be Rs. ‘x’.

ATQ;

120 – 5x = 8x – 114

Or, 234 = 13x

So, x = (234/13) = 18

So, cost price of each article ‘A’ = Rs. 18

Hence, option d.

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