Profit And Loss Questions For SSC MTS
Download Top-20 SSC MTS Profit and Loss Questions PDF. Profit and Loss questions based on asked questions in previous year exam papers very important for the SSC MTS exam.
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Question 1: A person sold a product for Rs.1200 and got 20% loss. If he needs to get 30% profit, then the price at which he needs to sell is?
a) Rs.2000
b) Rs.1500
c) Rs.1600
d) Rs.1950
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Question 2: Marked price of an article is Rs 1000 and three successive discounts of 20% each are given. What is the profit/loss if cost price=500 ?
a) Rs 14
b) Rs 12
c) Rs 13
d) Rs 11
Question 3: Marked price of an article is Rs 480 and cost price of article is marked up by 20%. If the profit percent is 20% then what is the discount offered ?
a) 10
b) 20
c) 30
d) 0
Question 4: A person bought 15 pens at Rs 10 each and sold 5 of them at Rs 8 and other 7 at Rs 12 and remaining at Rs 16. What is the profit/loss percentage ?
a) 13.66%
b) 12.33%
c) 14.66%
d) 12.66%
Question 5: Marked price of an article is Rs 400 and a discount of 10% is given. If profit percent is 30% then what is the cost price ?
a) Rs 260
b) Rs 270
c) Rs 285
d) Rs 277
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Question 6: Alan sold his two ipods for Rs 8400 each without any profit or loss. If he sold one of the mobile at 30% loss then at what profit percent should he sell the other mobile ?
a) 55%
b) 80%
c) 60%
d) 75%
Question 7: A person purchased 20 ice creams for Rs 15 each and sold each ice cream at a different price,every price is between 1 and 20 both inclusive then what is his loss/profit percent ?
a) 50 %
b) 40 %
c) 60 %
d) 30 %
Question 8: Suraj bought a bike for Rs 10000 and sold it at 20% loss.If he had sold it for Rs 1500 more then what will be the loss percent ?
a) 20 %
b) 49/3 %
c) 50/3 %
d) 51/3 %
Question 9: A person bought a bike for Rs 15000 and sold it at 20% profit. If he had sold the bike for Rs 1000 less then what is the loss or profit percent ?
a) 10.33%
b) 15.33%
c) 13.33%
d) 12.33%
Question 10: An article is marked up by 10% and a discount of 20% was given the find the profit/loss percentage ?
a) 14%
b) 12%
c) 16%
d) 10%
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Question 11: If the selling price of an article is 3 times its cost price then what is the profit percentage ?
a) 150%
b) 400%
c) 200%
d) 300%
Instructions
Question 12: Marked price of an article is Rs 500 and three successive discounts of 10% each are given. What is the profit/loss if cost price=350 ?
a) Rs 14.5
b) Rs 12.5
c) Rs 13.5
d) Rs 11.5
Question 13: Marked price of an article is Rs 240 and cost price of article is marked up by 20%. If the profit percent is 10% then what is the discount offered ?
a) 10
b) 20
c) 30
d) 40
Question 14: A person bought 20 pens at Rs 12 each and sold 5 of them at Rs 10 and other 7 at Rs 14 and remaining at Rs 11. What is the profit/loss percentage ?
a) 1.66%
b) 2.33%
c) 1.33%
d) 2.66%
Question 15: Marked price of an article is Rs 300 and a discount of 20% is given. If profit percent is 20% then what is the cost price ?
a) Rs 210
b) Rs 200
c) Rs 180
d) Rs 220
Question 16: Arif sold his two mobiles for Rs 5000 each without any profit or loss. If he sold one of the mobile at 20% loss then at what profit percent should he sell the other mobile ?
a) 25%
b) 20%
c) 30%
d) 35%
Question 17: A person purchased 20 apples for Rs 11 each and sold each apple at a different price,every price is between 1 and 20 both inclusive then what is his loss/profit percent ?
a) 50/11 %
b) 40/11 %
c) 60/11 %
d) 70/11 %
Question 18: Kiran bought a mobile for Rs 15000 and sold it at 30% loss.If he had sold it for Rs 2000 more then what will be the loss percent ?
a) 20%
b) 49/3 %
c) 50/3 %
d) 51/3 %
Question 19: A person bought a bike for Rs 20000 and sold it at 20% loss. If he had sold the bike for Rs 1000 more then what is the loss or profit percent ?
a) 10%
b) 15%
c) 12%
d) 18%
Question 20: An article is marked up by 20% and a discount of 30% was given the find the profit/loss percentage ?
a) 14%
b) 12%
c) 16%
d) 10%
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Answers & Solutions:
1) Answer (D)
Given Selling Price = Rs.1200
Loss percentage = 20%
Then, Cost Price of the product = $1200 \times \dfrac{100}{100-20} = 1200 \times \dfrac{100}{80} = Rs.1500$
Required Profit percentage = 30%
Then, the required Selling Price = 130% of Rs.1500 = Rs.1950
2) Answer (B)
MP=1000
Three successive discounts of 20% each and so SP=1000*(80/100)(80/100)(80/100)
SP=512
Profit=512-500
=12
3) Answer (D)
MP=480
1.2*CP=480
CP=400
SP=MP-d
SP=480-d
$\frac{480-d-400}{400}\times100$=20
80-d=80
d=0
4) Answer (C)
Total cost price=15*10
=150
Total selling price=5*8+12*7+3*16
=40+84+48
=172
Profit percent=$\frac{172-150}{150}\times100$
=14.66%
5) Answer (D)
MP=400
SP=MP-discount
SP=400*90/100
SP=360
Cost price=360*10/13
Cost price=Rs 277
6) Answer (A)
Total SP=16800
Cost price of 1st mobile=8400(100/70)
=12000
Selling price of 2nd mobile=8400
Cost price of 2nd mobile=16800-12000
=4800
Profit percent=$\frac{8400-4800}{4800}\times100$
=75%
7) Answer (D)
Total Cost price=20*15
=300
As we have 20 different prices and 20 apples and eah apple is sold at a different price and so
Total SP=1+2+3+4…..20
=$\frac{20(20+1)}{2}$
=210
Loss percent=$\frac{300-210}{300}\times100$
=30%
8) Answer (C)
Cost price=10000
Selling price=(80/100)*10000
=80000
New selling price=8000+1500
=9500
Loss percent=$\frac{10000-9500}{10000}\times100$
=5 %
9) Answer (C)
Given CP=Rs 15000
SP=(120/100)*15000
=18000
New selling price=18000-1000
=17000
Loss percent=$\frac{17000-15000}{15000}\times100$
=13.33%
10) Answer (B)
let the cost price be 100
Marked price =100*1.1=110
SP=MP-discount
=110-110*(20/100)
=88
Loss=100-88
=12
Loss percent=(12/100)*100
=12%
11) Answer (C)
Let the cost price be x
Selling price=3x
Profit percent=$\frac{3x-x}{x}\times100$
=200%
12) Answer (A)
MP=500
Three successive discounts of 10% each and so SP=500*(90/100)(90/100)(90/100)
SP=364.5
Profit=364.5-350
=14.5
13) Answer (B)
MP=240
1.2*CP=240
CP=200
SP=MP-d
SP=240-d
$\frac{240-d-200}{200}\times100$=10
40-d=20
d=20
14) Answer (A)
Total cost price=20*12
=240
Total selling price=5*10+14*7+8*11
=50+98+88
=236
Loss percent=$\frac{240-236}{240}\times100$
=1.66%
15) Answer (B)
MP=300
SP=MP-discount
SP=300*80/100
SP=240
Cost price=240*100/120
Cost price=Rs 200
16) Answer (A)
Total SP=10000
Cost price of 1st mobile=5000(100/80)
=6000
Selling price of 2nd mobile=5000
Cost price of 2nd mobile=10000-6000
=4000
Profit percent=$\frac{5000-4000}{4000}\times100$
=25%
17) Answer (A)
Total Cost price=20*11
=220
As we have 20 different prices and 20 apples and eah apple is sold at a different price and so
Total SP=1+2+3+4…..20
=$\frac{20(20+1)}{2}$
=210
Loss percent=$\frac{220-210}{220}\times100$
=50/11 %
18) Answer (C)
Cost price=15000
Selling price=(70/100)*15000
=10500
New selling price=10500+2000
=12500
Loss percent=$\frac{15000-12500}{15000}\times100$
=250000/15000
=50/3 %
19) Answer (B)
Given CP=Rs 20000
SP=(80/100)*20000
=16000
New selling price=16000+1000
=17000
Loss percent=$\frac{20000-17000}{20000}\times100$
=15%
20) Answer (A)
let the cost price be 100
Marked price =100*1.2=120
SP=MP-discount
=120-120*(30/100)
=86
Loss=100-86
=14
Loss percent=(14/100)*100
=14%
