Practice Sheet – 02

CLASS Profit and Loss

02

1. A person bought an article and sold it at a loss of 5. Anil sold an article at a loss of 15%. Had he sold
10 percent. If he had bought it for 30 percent less it for Rs. 84 more, he would have gained 13%. At
price and sold it for Rs.90 more, then he would what price should he have sold it to gain 20%?
earn a profit of 35 percent What is the cost price Rs.
of the article?

30 (a) Rs. 360 (b) Rs. 375 (c) Rs. 350 (d) Rs. 300
Rs.90 SSC CHSL 2022 (Tier-1)
6. An article is sold at 10 percent loss. If its cost price
(a) Rs. 2400 (b) Rs. 2000 is decreased by Rs. 5 and selling price is increased
by Rs. 8, then profit of 10 percent is earned on it.
(c) Rs. 2100 (d) Rs. 2200
What is the original selling price of the article?
SSC MTS 2022
2. A person sold an article at a loss of 4%. Had he had
sold it at a gain of 1%. He would have received Rs.42.5 Rs. 5 Rs.
more. To gain 18%, what must be his selling price?
4%
1% Rs.42.5 (a) Rs. 68.5 (b) Rs. 67.5
18% (c) Rs. 62.5 (d) Rs. 60.75
SSC CHSL 2022 (Tier-1)

(a) Rs.756 (b) Rs.900 (c) Rs.1003 (d) Rs.850 7. A person sells an article for a loss of 18
SSC MTS 2022 percent. If he increases the selling price by Rs.
3. Ramesh sells an article at a loss of 20 percent. If 144 and decreases the cost price by 30 percent,
he buys it for 30 percent less price and sells it for then there is profit of 20 percent. What is the
Rs.36 less price. then his profit will be 10 percent. original selling price?
What is the cost price of the article?

Rs. 36
(a) Rs. (b) Rs. (c) Rs. (d) Rs.
SSC CGL 2020 (Tier-II)
(a) 1000 (b) 1200 (c) 900 (d) 1500 8. Remi earns a profit of 20% on selling an article
SSC MTS 2022 at a certain price. If she sells the article for Rs 8
4. A shopkeeper sells a book at a loss of 40 percent. more, she will gain 30%. What is the original cost
Had he sold the book for Rs. 120 more, then he price of 16 such articles?
would have suffered a loss of 10 percent. To earn
a profit of 10 percent, what should be the selling 20%
price of the book? 8 30%
16
Rs. 120 (a) Rs. 1,152 (b) Rs. 1,120
(c) Rs. 1,280 (d) Rs. 1,200
SSC CGL 2020 (Tier-II)

(a) Rs. 400 (b) Rs. 440 (c) Rs. 500 (d) Rs. 650 9. A T.V. is sold at 8% gain. Had is been sold for Rs.714
SSC CHSL 2022 (Tier-1) more, then the gain would have been 15%. To gain

FOLLOW RAKESH YADAV SIR ON SOCIAL MEDIA 1

 18%, the selling price of the T.V. should be: 14. The reduction of Rs. 12 in the selling price of an
8% 714 1
article will changes 5% gain into 2 % loss. The
15% 18% 2
cost price of the article is
(a) Rs. 12,036 (b) Rs. 12,138 12 5%
(c) Rs. 11,934 (d) Rs. 12,240 1
SSC CGL 2020 (Tier-II) 2 %
2
10. A person sold an article at a loss of 16%. Had he
sold it for Rs. 660 more, he would have gained (a) Rs. 140 (b) Rs. 160 (c) Rs. 80 (d) Rs. 100
SSC MTS 2017
8%. If the article is sold at Rs. 3,080, then how
much profit percentage is gained? 15. An article was sold at a profit of 12%. If the cost
price would be 10% less and selling price would
be Rs. 5.75 more, there would be profit of 30%.
Then at what price it should be sold to make a
profit of 20% ?
(a) 20% (b) 15% (c) 12% (d) 10% 12% 10%
SSC CPO 2020 5.75 30% 20%
11. A man bought an article and sold it at a gain of
10%. If he bought the article at 20% less and sold
(a) Rs.115 (b) Rs. 120 (c) Rs. 138 (d) Rs. 215
it for Rs. 1,000 more, he would have made a profit
SSC MTS 2017
of 40%. The cost price of the article (in Rs.) is:
16. A man gets Rs. 13 more by selling an article at a
10%
1 1
20% profit of 12 % than selling it at a loss of 12 %.
2 2
1,000 40%
The cost price of the article is :

(a) 50,000 (b) 60,000 1 1

12 % 12 %
(c) 40,000 (d) 25,000 2 2
SSC CPO 2020
12. A man sells an article at 5% above its cost price. (a) Rs.25.50 (b) Rs. 38 (c) Rs.52 (d) Rs. 65
If he had bought it at 5% less than what he had SSC CGL 2016 (Tier-I)
paid for it and sold it at Rs. 2 less, he would have 17. An article is sold at a certain price. If it is sold at
gained 10%. The cost price of the article is 80% of this price, then there will be a loss of 10%.
What is the percentage profit when the article is
sold at the original selling price?

(a) Rs. 200 (b) Rs. 400

(c) Rs. 300 (d) Rs. 100
SSC CGL 2018 (Tier-II)
13. A book seller sells a book at a profit of 10%. If he
1 1
had bought it at 4% less and sold it for Rs. 6 more. (a) 15 (b) 12
2 2
3
he would have gained 18 %. The cost price of (c) 15 (d) 12
4 SSC CGL 2021 (Tier-II)
the book is 18. A man sells his goods at a certain price, 20% of
which is his profit. If the price at which he buys
the goods increases by 10% and he sells them at
an 8% higher price, then what will be his profit
3 percent (correct to one decimal place)?
18 %
4
(a) Rs. 130 (b) Rs. 140 (c) Rs. 150 (d) Rs. 160
SSC CGL 2017 (Tier-I)

2 FOLLOW RAKESH YADAV SIR ON SOCIAL MEDIA

 20. A fruit seller makes a profit of 20% by selling man-
goes at a certain price. If he charges Rs. 1 more
for each mango, he can make a profit of 40%. Find
(a) 21.8 (b) 23.4 (c) 21.4 (d) 17.8 the selling price of a mango in the first case.
SSC CGL 2021 (Tier-II)
19. An article is sold at a certain price. If it is sold at 20%
1 40%
1 1
33 % of this price, there is a loss of 33 %.
3 3
What is the percentage profit if the article is sold (a) Rs. 6 (b) Rs. 5 (c) Rs. 5.50 (d) Rs. 7
SSC CGL 2017 (Tier-II)
at 80% of its original selling price?

Answer Key
1 1
33 % 33 %
3 3
1. (b) 6. (d) 11. (a) 16. (c)
80%
2. (c) 7. (c) 12. (b) 17. (b)
3. (b) 8. (c) 13. (c) 18. (d)
(a) 70% (b) 50% (c) 60% (d) 40%
4. (b) 9. (a) 14. (b) 19. (c)
SSC CGL 2020 (Tier-II)
5. (a) 10. (c) 15. (c) 20. (a)

FOLLOW RAKESH YADAV SIR ON SOCIAL MEDIA 3

 Profit and Loss/
SOLUTION (SHEET – 02)

1. (b) Let, CP = 100x, SP = 90x CP = 100x = 400

New CP = 70% of 100x = 70x
11
New SP = 135% of 70x = 94.5x For 10% profit SP = 400 × = 440
10
ATQ, 94.5x – 90x = 90  4.5x = 90  x = 20
OR
Actual CP = 100x = 100 × 20 = 2000
OR 60
CP
100 30 ×4 120
–10% ×4
100 90 90 100 400
×20 ×4 11
+4.5 90 SP for 10% gain = 110 400× = Rs.440
10
+35% ×20
70 94.5 100 Rs. 2000 5. (a) Let, CP = 100x  SP = 85x
2. (c) Let CP = 100 ATQ, 85x + 84 = 113x  28x = 84
x = 3  CP = 300
SP = 96% of CP = 96
5 42.5 120
For 20% profit = 300 × = 360
42.5 100
New SP = 101% of CP = 101 100 × 100
5 OR
= 850
85
CP
118 100 28 ×3 84
For 18% profit SP = 850 × = 1003 ×3
100 100 300
112
OR ×3 120
120 300× = Rs.360
100
CP 96
6. (d) Let, CP = 100x  SP = 90x
100 5 42.5
101 110
ATQ, (100x – 5) × = 90x + 8
100
42.5
SP for 18% gain =118  ×118 = Rs.1003 1100x – 55 = 900x + 80  200x = 135
5
3. (b) Let CP = 100x, SP = 80x 135
New CP = 70% of 100x = 70x x=
200
New SP = 110% of 70x = 77x
ATQ, 80x – 77x = 36  3x = 36  x = 12 135
 Original SP = 90x = 90 × = 60.75
200
CP = 100x = 100 × 12 = 1200
OR 7. (c) CP 100 70
–30%
–20%
–18% +20%
100 80
×12 SP 82 84
–30% 3 36
+10% ×12 ×72
70 77 100 Rs.1200 2 unit 144
72
4. (b) Let, CP = 100x  SP = 60x 82 unit  = Rs. 5904
ATQ, 60x + 120 = 90x  30x = 120  x = 4

FOLLOW RAKESH YADAV SIR ON SOCIAL MEDIA 1

 Hence, original S.P = 5904
84
8. (c) Profit = 20% CP
10% 8% 100 24 ×27.5 660
Profit = 30%
100  Rs.80 108
CP = 100 unit = 100 × 27.5 = Rs. 2750
 CP of 1 article = 80
 CP of 16 article = 80×16 = Rs.1280 (given SP = 3080)

2 330
9. (a) 8% = % profit  100 = 12%
25 2750

C.P S.P
25x 27x 11. (a) C.P S.P
10x 11x
-20%
25x 27x+714
15%P 8x 11x+1000
40%P
23
 25x × = 27x +714  115x = 108x+2856
20 7
Hence, 8x × =11x+1000
 7x=2856 = 408  C.P = 25x = 25×408 5

59 56x = 55x + 5000  x = 5000

So required answer. 25×408× = 12036 Ans. Hence, C.P = 10x = 10×5000 = Rs. 50,000 Ans.
50
OR 12. (b)

108 5%
C.P S.P
CP ×102 100 105
100 7 714
×4
-5% 0.5 unit Rs.2
115
SP for 18% gain = 102×118= Rs. 12036
95 104.5
10%
10. (c) C.P. S.P.
25x 21x
CP = 100 unit = 100 × 4 = Rs. 400
13. (c) Let CP of the book = 100 units
25x 21x + 660 10%
8% (P) C.P S.P
100 110
108 ×1.5
25 x ×  21x 660  6x = 660 -4% 4 unit Rs.6
100
x = 110  C.P. 25 × 11 = 2750 114
96
S.P. = 3080, CP = 2750 3
18 %
4
330 100
% profit  = 12%
2750 CP = 100 units = 100 × 1.5 = Rs. 150
OR  3 
3 3
18 %   96   96  114
 4 16 16 
14. (b) Let CP of the article = 400

2 FOLLOW RAKESH YADAV SIR ON SOCIAL MEDIA

 400 (CP) C.P 20% S.P
100 120
5% 1
2 % loss
gain 2 +10% +8%

New C.P New S.P

420 390 129.6
110
30 units ×0.4 Rs.12 19.6

CP of article = 400 units = 400 × 0.4 = Rs. 160 19.6

15. (c) Let the CP of the article =Rs. 100 Profit % = ×100= 17.8%
110
C.P 12% S.P 1 1
100 112 19. (c) 33 %
3 3
×1.15
-10% 5 unit Rs.5.75 (SP) = 90
[ S.P = 3×3 = 9 multiple ]
90 117
30%
1
CP = 100 units = 1.15 × 100 = Rs. 115 SP1 = × 90 = 30
3
115
SP for 20% gain = 120 = Rs. 138 3
100  100 
(C.P) = 100 – 
%
=30 × = 45
2
16. (c) Let, the CP = 8 units

8 (CP) 80
80% S.P2 = × 90 = 72
100
1% +12
1%
-12
2 2 = 72 – 45 = 27

7 9 27
%= × 100 = 60%
45
2 unit Rs. 13
20. (a)
13
CP of article = 8 units = × 8 = Rs.52 120
2 se
CP I ca
17. (b) Let price = 100 100 20 unit Rs.1
II c
ase
80 140
Sold = 100 × = 80
100 SP of a mango in first case = 120 unit

80 100 800 1
CP = = = 120 × = Rs. 6
90 9 20

CP : SP
800
: 100
9

100 1
P% = 100 = 12 %
800 2

18. (d)

FOLLOW RAKESH YADAV SIR ON SOCIAL MEDIA 3