PROFIT AND LOSS QUESTIONS SET 1 FOR SSC CGL IBPS MAINS

1. By selling 12 marbles for a rupee, a shopkeeper loses 20%.
In order to gain 20% in the transaction, he should sell the
marbles at the rate of how many marbles for a rupee?

(a) 8 (b) 6

(c) 4 (d) 3

2. Three successive discounts of 10%, 12% and 15% amount
to a single discount of:
(a) 36.28 % (b) 34.68%
(c) 37 % (d) None of these

3. A reduction of 20% in the price of sugar enables a purchaser
to obtain 2 1/2 kg more for ` 160. Find the original price per
kg of sugar.
(a) ` 12 (b) ` 20
(c) ` 16 (d) ` 18
4. Two motor cars were sold for ` 9,900 each, gaining 10% on
one and losing 10% on the other. The gain or loss per cent
in the whole transaction is :
(a) Neither loss no gain
 (b)1/99%  gain
(c) 100/99% profit 
(d) 1% loss

5. A cycle agent buys 30 bicycles, of which 8 are first grade
and the rest are second grade for ` 3150. Find at what price
he must sell the first grade bicycles so that if he sells the
second grade bicycles at third quarter of the price, he may
make a profit of 40% on both the types of transactions ?
(a) ` 200 (b) ` 240
(c) ` 180 (d) ` 210

6. A dairyman pays ` 6.4 per litre of milk. He adds water and
sells the mixture at ` 8 per litre, thereby making 37.5% profit.
The proportion of water to milk received by the customers
is :
(a) 1 : 5 (b) 1 : 10
(c) 1 : 20 (d) 1 : 12

7. The cost price of 20 articles is the same as the selling price
of x articles. If the profit is 25%, then the value of x is
(a) 25 (b) 18
(c) 16 (d) 15

8. A departmental store receives a shipment of 1,000 shirts, for
which it pays ` 9,000. The store sells the shirts at a price 80
per cent above the cost for one month, after which it reduces
the price of the shirts to 20 per cent above the cost. The
store sells 750 shirts for one month and 50 per cent of the
remaining shirts afterwards. How much gross income did
the sales of the shirts generate ?
(a) ` 10,000 (b) ` 10,800
(c) ` 12,150 (d) ` 13,500

9. A company blends two varieties of tea from two different
tea gardens, one variety costing ` 20 per kg and other ` 25
per kg, in the ratio 5 : 4. He sells the blended tea at ` 23 per
kg. Find his profit per cent :
(a) 5% profit (b) 3.5% loss
(c) 3.5% profit (d) No profit, no loss

10. An article is listed at ` 65. A customer bought this article for
` 56.16 and got two successive discounts of which the first
one is 10%. The other rate of discount of this scheme that
was allowed by the shopkeeper was :
(a) 3% (b) 4%
(c) 6% (d) 2%