SSC CGL Profit and Loss Questions Asked in Tier 2

Quantitative Aptitude is one of the important subjects in any government exam or any entrance examination. in the quant section, Profit and Loss is one of the easy topics and marks scoring. Go through the complete post to know about how to attempt SSC CGL Profit and Loss Questions. Also, know the weightage of this section in the SSC CGL Exam of Tier 1 & 2.

SSC CGL Profit And Loss Questions 2020

Profit and Loss questions carry relevance in SSC CGL Tier 2. Profit and Loss appear in the Quantitative Aptitude section. A Profit and Loss statement summarizes the revenues, costs, and expenses incurred during a specific period of time. Every year, there are about 2-5 questions on Profit and Loss in the Quantitative Aptitude section in SSC CGL Tier 2. Follow the SSC CGL Preparation Tips by experts to crack the exam in one attempt.

SSC CGL Profit and Loss Questions Tier 2 Weightage

Check out the below table to know how many questions are asked from SSC CGL Profit and Loss topic.

Exam No. of Questions
Profit and Loss Questions in SSC CGL Tier 2 7-8

How to Attempt Profit and Loss Questions for SSC CGL Tier 2?

Candidates appearing for SSC CGL need to practice very well in order to crack the exam easily. Here are a few tips and tricks to answer profit and loss questions SSC CGL.

  • Ensure to be thorough with the basics of profit and loss topic
  • Solve more and more SSC CGL Previous Year Papers to know the difficulty level of the paper and estimate which type of questions can be asked.
  • Understand the questions carefully before answering them.
  • Be thorough with the formulas and substitute the values correctly.

SSC CGL Tier 2 Exam Pattern 2020

Here is the detailed SSC CGL Exam Pattern for the second stage of the CGL Exam.

Section Maximum Marks No. of Questions
Quantitative Abilities 200 100
English Language & Comprehension 200 200
Statistics 200 100
General Studies
(Finance and
200 100
Total 800 500

Profit and Loss Formulas and Basic Concepts

Before proceeding with answering the Profit and Loss Questions, here are few important formulas and basic concepts you need to be aware of.

Profit(P): The amount gained by selling a product with more than its cost price.

Loss(L): The amount, the seller incurs after selling the product less than its cost price, is mentioned as a loss.

Cost Price (CP): The amount paid for a product or commodity to purchase is called a cost price. Also, denoted as CP. This cost price is further classified into two different categories:

  • Fixed Cost: The fixed cost is constant, it doesn’t vary under any circumstances
  • Variable Cost: It could vary depending as per the number of units

Selling Price (SP): The amount for which the product is sold is called Selling Price. It is usually denoted as SP. Also, sometimes called a sale price.

Marked Price Formula (MP): This is basically labeled by Shopkeepers to offer a discount to the customers in such a way that,

  • Discount = Marked Price – Selling Price
  • And Discount Percentage = (Discount/Marked price) x 100

Profit & Loss Formulas: 

  • Profit or Gain = Selling price – Cost Price
  • Loss = Cost Price – Selling Price

Profit Percentage Formulas:

  • Profit percentage = (Profit /Cost Price) x 100
  • Loss percentage = (Loss / Cost price) x 100

Sample SSC CGL Tier 2 Profit and Loss Questions

Here are a few SCG CGL Profit and Loss Questions from previous year exams. Practice these questions from SSC CGL Profit and Loss to enhance your preparation.

Q1. A cash payment that will settle a bill for 250 chairs at Rs. 50 per chair less 20% and 15% with a further discount of 5% on cash payment is?

(a) Rs. 8075 (b) Rs. 7025 (c) Rs. 8500 (d) None of these

Q2. An oil refinery takes 1000 L of crude oil as input and after refining for 1 hour gives a certain amount of output oil X L. This can be sold in the market at a profit of Rs. 30 per L. If this oil is further refined for 1/2h, it gives oil Y L. This can be sold at a profit of Rs. 50 per L. Output and input ratio at both the stages is 90%. The maximum amount that can be earned from 1000 L of crude input is?

(a) Rs. 40000 (b) Rs. 30000 (c) Rs. 27000 (d) Rs. 40500

Q3. A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%. The wholesaler sells the same to a retailer at a profit of 20%. The retailer, in turn, sells them to a customer for Rs. 30.09, thereby earning a profit of 25%. The cost price for the manufacturer is?

(a) Rs. 15 (b) Rs. 16 (c) Rs. 17 (d) Rs. 18

Q4. A dealer offers a cash discount of 20% and still makes a profit of 20% ,when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much percent above the cost price was his wares listed?

(a) 100% (b) 80% (c) 75% (d) 66 2/3%

Q5. Instead of a meter scale cloth merchant uses a 120 cm scale while buying but uses an 80 cm scale while selling the same cloth. If he offers a discount of 20 percent of cash payment, what is his overall percent profit?

(a) 20% (b) 25% (c) 40% (d) 15%

Q6. A book is sold at profit of Rs. 20, which is 10% of its cost price. If its C.P. is increased by 50% and it is still sold at a profit of 10%,  then find the new profit?

(a) Rs. 30 (b) Rs. 50 (c) Rs. 60 (d) Rs. 300

Q7. A fruit seller sells mangoes at the rate of Rs. 9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%?

(a) Rs. 11.81 (b) Rs. 12 (c) Rs. 12.25 (d) Rs. 12.31

Q8. A man would gain 20% by selling a chair for Rs. 47.5 and would gain 15% by selling a table for Rs. 57.5. He sells the chair for Rs. 36, what is the least price for which he must sell the table to avoid any loss on the two together?

(a) Rs. 50.2 (b) Rs. 55.8 (c) Rs. 60 (d) Rs. 53.6

Q9. By selling 5 dozen mangoes for Rs. 156 it was found that 3/10th of the outlay was gained. What should the retail price per mongo be in order to gain 60%?  (a) Rs. 4 (b) Rs. 2 (c) Rs. 3.2 (d) Rs. 4.2

Q10. An article is sold at 20% profit. If its CP and SP are less by Rs. 10 and Rs. 5 respectively the percentage of profit increases by 10%. Find the cost price?

(a) Rs. 40 (b) Rs. 80 (c) Rs. 60 (d) Rs. 50

Q11. A man purchases two clocks A and B at a total cost of Rs. 650. He sells A with 20% profit and B at a loss of 25% and gets the same selling price for both the clocks. What are the purchasing prices of A and B respectively?

(a) Rs. 225; Rs. 425 (b) Rs. 250; Rs. 400 (c) Rs. 275; Rs. 375 (d) Rs. 300; Rs. 350

Q12. A person purchases 100 pens at a discount of 10%. The net amount of money spent by the person to purchase the pens is Rs. 600. The selling expenses incurred by the person are 15% on the net cost price. What should be the selling price for 100 pens in order to earn a profit of 25%?

(a) Rs. 802.50 (b) Rs. 811.25 (c) Rs. 862.50 (d) Rs. 875

Q13. A milkman buys milk contained in 10 vessels of equal size. If he sells his milk at Rs. 5 a liter, he loses Rs. 200; if he sells it at Rs. 6 a liter, he would gain Rs. 150 on the whole. Find the number of liters contained in each vessel?

(a) 20 litres (b) 30 litres (c) 25 litres (d) 35 litres

Q14. A shopkeeper purchased a table marked at Rs. 200 at a successive discount of 10% and 15% respectively. He spent Rs. 7 on transportation and sold the table for Rs. 200. Find his gain %?

(a) No loss or gain (b) 25% (c) 30% (d) 40%

Q15. A man buys 2 dozen bananas at Rs. 16 per dozen. After selling 18 bananas at the rate of Rs. 12 per dozen, the shopkeeper reduced the rate of Rs. 4 per dozen. The percent loss is?

(a) 25.2% (b) 32.4% (c) 36.5% (d) 37.5%

Profit and Loss Questions for SSC CGL in Hindi

Practice the below SSC CGL profit and Loss Questions in Hindi and enhance your preparation.

Q. एक वस्तु पर 900रु अंक्ति किये गए और उस पर 8% और 8% की दो क्रमागत छूट दी गई. यदि दुकानदार दो छूट की जगह 16% की एक छूट देता है तो विक्रेता को कितना लाभ या हानि हुई?  
(a) Gain, Rs. 4.76
(b) Loss, Rs. 5.76
(c) Gain, Rs. 5.76
(d) Loss, Rs. 4.76

Q. एक व्यापारी अपने ग्राहकों को बाजार मूल्य पर 10% छूट की इजाजत देने के बाद 20% हासिल करना चाहता है. उसे लागत मूल्य से कितने प्रतिशत अधिक पर अपनी वस्तु को अंकित करना चाहिए?  
(a) 30%
(b) 100/3%
(c) 104/3%
(d) 35%

Q. एक मेज को 400रु के स्थान पर 350रु पर बेचकर हानि प्रतिशत में 5% से वृद्धि होती है. मेज का लागत मूल्य है: 
(a) Rs. 435
(b) Rs. 417.50
(c) Rs. 1000
(d) Rs. 1050

Q. यदि लागत कीमत विक्रय मूल्य के 95% है, तो लाभ प्रतिशत क्या है?  
(a) 4
(b) 4.75
(c) 5
(d) 5.26

Q. एक वस्तु के अंकित मूल्य पर 10% और 5% के क्रमागत छूट के बाद उसका विक्रय मूल्य 171रु है. अंकित मूल्य ज्ञात कीजिये. 
(a) Rs. 200
(b) Rs. 220
(c) Rs. 240
(d) Rs. 250

Q. एक वस्तु को 300रु पर 20% के लाह पर बेचा गया. यदि इसे 235रु पर बेचा जाता तो हानि प्रतिशत होती?
(a) 16
(b) 3
(c) 5
(d) 6

Q. एक निश्चित राशि पर ब्याज 222रु है और समान दर पर समान समय के लिए समान योग पर छूट 20रु है, योग ज्ञात कीजिये –
(a) Rs. 220
(b) Rs. 200
(c) Rs. 210
(d) Rs. 212

Q. एक खुदरा व्यपारी एक थोक विक्रेता से 400रु प्रत्येक पर रेडियो सेट खरीदता है. वह 30% से कीमत में वृद्धि करता है और प्रत्येक पर 8% की छूट देता है. उसका लाभ प्रतिशत होगा-   
(a) 19%
(b) 78.4%
(c) 22%
(d) 19.6%

Q. सेब की कीमत में गिरवट आने से एक व्यक्ति 1.25रु के स्थान पर 1रु में 3सेब खरीद सकता है. कीमत में गिरावट का प्रतिशत है (लगभग)?  
(a) 20
(b) 25
(c) 30
(d) 33⅓

Q. एक फल विक्रेता 10रु पर 4 की दर पर कुछ संतरे खरीदता है और 10रु पर 5 की दर पर समान मात्रा में संतरे खरीदता है. वह पूरे को 20रु पर 9 संतरे की दर पर बेचता है. उसका लाभ और हानि प्रतिशत है:   
(a) Loss percent 1 19⁄81 %
(b) Gain percent 1 19⁄81 %
(c) No profit No loss
(d) Loss percent 2%

Q. कपड़े का 25मी बेचने पर एक व्यपारी को 5मी कपड़े का विक्रय मूल्य प्राप्त होता है. % में व्यपारी का लाभ है:
(a) 25
(b) 20
(c) 28
(d) 29

Q. एक दुकानदार एक वस्तु के अंकित मूल्य पर 10% की छूट प्रदान करता है लेकिन छूट दी गई कीमत पर 8% का विक्रय कर लगाता है. यदि विक्रय कर को मिलाकर उपभोक्ता 3,402रु देता है, तो अंकित मूल्य है
(a) Rs. 3400
(b) Rs. 3500
(c) Rs. 3600
(d) Rs. 3800

Q. एक दुकानदार एक निश्चित वस्तु पर 12.5% की छूट देता है और 20% का लाभ प्राप्त करता है. यदि वस्तु पर दुकानदार की लागत 210रु है, तो वस्तु का अंकित मूल्य है: 
(a) Rs. 288
(b) Rs. 387
(c) Rs. 350
(d) Rs. 386

Q. उसके उत्पादन लागत से 30% अधिक मूल्य लगाने पर एक रेडियो मार्कर अपने रेडियो पर 286 का लाबले लगाता है. लेकिन बेचने के समय, वह अंकित मूल्य पर 10% की छूट प्रदान करता है. उसका लाभ क्या होगा?  
(a) Rs. 37.40
(b) Rs. 275.40
(c) Rs. 254.40
(d) Rs. 198

Q. पूजा 20% के लाभ पर एक घड़ी बेचना चाहती है. वह 10% कम पर इसे खरीदती है और 30रु पर कम बेचती है लेकिन फिर भी उसे 20% का लाभ होता है. घडी का लागत मूल्य है –
(a) Rs. 220
(b) Rs. 225
(c) Rs. 240
(d) Rs. 250


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