Profit and loss objective type questions set 1

Answer: c) 1750

Explanation:
To find the Selling Price (SP), we first determine the profit amount based on the buying price and then add it to the original cost.

Given:
Buying Price (Cost Price, \( CP \)) = ₹1400
Profit Percentage = 25%

Step 1: Calculate the Profit Amount
\[ \text{Profit} = \frac{\text{Buying Price} \times \text{Profit\%}}{100} \]
\[ \text{Profit} = \frac{1400 \times 25}{100} \]
\[ \text{Profit} = 350 \]

Step 2: Calculate the Selling Price
\[ \text{Selling Price} = \text{Buying Price} + \text{Profit} \]
\[ \text{Selling Price} = 1400 + 350 \]
\[ \text{Selling Price} = 1750 \]

Final Answer:
The selling price of the T.V. is ₹1750.

Answer: c. 50%

Solution:

Step 1: Find the Profit in Rupees
\[ \text{Profit} = SP – CP \text{} \]
\[ \text{Profit} = 18 – 12 = 6 \text{} \]

Step 2: Calculate Profit Percentage
\[ \text{Profit \%} = \left( \frac{\text{Profit}}{CP} \right) \times 100 \text{} \]
\[ 6 = \frac{12 \times P}{100} \text{} \]
\[ P = \frac{6 \times 100}{12} = 50\% \text{} \]

Answer: c) 7%

Solution:
Cost price of that article will be:

If he sells the article at 930, he will be at:

Now, calculate the loss percentage:

Answer: b. 2100

Solution:
The cost price ($CP$) of that article will be:

To make a 40% profit, the article should be sold at:

Answer: c) 20:21

Solution:
To find the ratio, let us assume a standard value for the original cost.

Let the Cost Price (CP) be \( 100 \).

If the profit is 5%, then the Selling Price (SP) will be:

Now, we determine the ratio between them:

Simplifying the ratio by dividing both numbers by 5:

Answer: c) 61.2

Solution:
Let the amount be 100

According to the Question:

Answer: b) 10%

Solution:
The total cost price will be:

The loss amount will be:

Let percentage be P:

Answer: a) 8%

Solution:
Let the Price of that article be 100

10% Discount means he get it at 90 price

On 90 he selled at 20% profit which means:

He gained 8% on the M.R.P price.

Answer: a) 16(2/3)​

If the selling price is 100, then the loss will be 20

According to that:

Loss on cost price:

Final Answer: The loss percentage on the cost price is 16 2/3%.

Answer: a) 800

Solution:
Let the cost price be \( x \)

Selling price at 5% loss:

Selling price at 5% gain:

According to the Question:

Answer: d) 150​

Solution:
C paid 225 which includes B’s 25% profit. That means:

A’s cost at 20% profit will be:

Answer: b) 800

Solution:
Let the cost price (CP) be \( x \)

According to the Question:

Answer: c) 70,000

Solution:

Let the cost price be (CP) \( x \)

According to the Question:

Answer: c) 600

Answer: c. 20%

Solution:

Let the C.P of one pen be one rupee

S.P of 36 pen = 36 Rs

C.P of 30 pen = 30 Rs

Profit = 36 – 30 = 6

The Percent of gain will be:

Answer: b) 33.3%

Solution:

Let the cost price of one article be 1 rupee

C.P of 10 articles will be

S.P of 15 articles will be 15 Rs

Loss = 15 – 10 = 5

Loss will be:

Answer: a) 66.67%

Solution:

18. A man purchase a bicycle for 1000 and sold it for 1350. His gain percentage will be”

a) 25%

b) 35%

c) 45%

d) 55%

19. An item that cost 300 rs sold at a loss of 20%. If the price reduced by 10% more, the price will be?

a) 204

b. 208

c. 212

d. 216

20. By selling an article for 450 Rs a person lose 20%. For what price he should sell that article to make it at 20% profit?”

a) 475

b) 575

c) 675

d) 690

Also practice other quantitative aptitude questions:-

Percentage objective type practice question set 1
Percentage objective type practice question set 2

Compound Interest objective type question set 1
Compound Interest objective type practice question set 2

Also practice Reasoning questions:-

Analogy and similarity objective type practice question set 1

Check the syllabus of SSC exam here:- https://ssc.nic.in/Portal/Syllabus