Profit and Loss, along with their solutions and the exams they were asked in: -
Full Details Concept Here :-
https://www.gkncertsolution.in/2024/11/hp-police-constable-chapter-1-profit.html
Then try these questions
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Lecture Here :-
1. A trader sold an article at a profit of 20%. If the cost price of the article was ₹120, what was the profit made by the trader?
Exam: SSC Constable GD 2018
A) ₹20
B) ₹24
C) ₹28
D) ₹32
Answer: B) ₹24
Solution:
Cost Price = ₹120
Profit Percentage = 20%
Profit = (20/100) × 120 = ₹24
2. A trader sold an article for ₹150, which he had purchased for ₹120. What was his profit percentage?
Exam: UP Police Constable 2019
A) 20%
B) 25%
C) 30%
D) 35%
Answer: B) 25%
Solution:
Cost Price = ₹120
Selling Price = ₹150
Profit = Selling Price - Cost Price = ₹150 - ₹120 = ₹30
Profit Percentage = (Profit/Cost Price) × 100 = (30/120) × 100 = 25%
3. A trader sold an article for ₹200, but he had purchased it for ₹250. What was his loss percentage?
Exam: SSC Constable GD 2019
A) 10%
B) 15%
C) 20%
D) 25%
Answer: C) 20%
Solution:
Cost Price = ₹250
Selling Price = ₹200
Loss = Cost Price - Selling Price = ₹250 - ₹200 = ₹50
Loss Percentage = (Loss/Cost Price) × 100 = (50/250) × 100 = 20%
4. A trader sold an article at a loss of 10%. If the cost price of the article was ₹180, what was the loss incurred by the trader?
Exam: UP Police Constable 2020
A) ₹10
B) ₹18
C) ₹20
D) ₹22
Answer: B) ₹18
Solution:
Cost Price = ₹180
Loss Percentage = 10%
Loss = (10/100) × 180 = ₹18
5. A trader purchased an article for ₹120 and sold it for ₹150. What was his profit percentage?
Exam: SSC Constable GD 2020
A) 20%
B) 25%
C) 30%
D) 35%
Answer: B) 25%
Solution:
Cost Price = ₹120
Selling Price = ₹150
Profit = Selling Price - Cost Price = ₹150 - ₹120 = ₹30
Profit Percentage = (Profit/Cost Price) × 100 = (30/120) × 100 = 25%
6. A trader sold an article for ₹150, which he had purchased for ₹120. What was his profit percentage?
Exam: UP Police Constable 2020
A) 20%
B) 25%
C) 30%
D) 35%
Answer: B) 25%
Solution:
Cost Price = ₹120
Selling Price = ₹150
Profit = Selling Price - Cost Price = ₹150 - ₹120 = ₹30
Profit Percentage = (Profit/Cost Price) × 100 = (30/120) × 100 = 25%
7. A trader sold an article for ₹200, but he had purchased it for ₹250. What was his loss percentage?
Exam: SSC Constable GD 2020
A) 10%
B) 15%
C) 20%
D) 25%
Answer: C) 20%
Solution:
Cost Price = ₹250
Selling Price = ₹200
Loss = Cost Price - Selling Price = ₹250 - ₹200 = ₹50
Loss Percentage = (Loss/Cost Price) × 100 = (50/250) × 100 = 20%
8. A trader sold an article at a profit of 15%. If he had purchased the article for ₹180, what was his profit?
Exam: UP Police Constable 2019
A) ₹20
B) ₹24
C) ₹27
D) ₹30
Answer: C) ₹27
Solution:
Cost Price = ₹180
Profit Percentage = 15%
Profit = (15/100) × 180 = ₹27
9. A trader purchased an article for ₹150 and sold it for ₹180. What was his profit percentage?
Exam: SSC Constable GD 2019
A) 16.67%
B) 20%
C) 25%
D) 30%
Answer: B) 20%
Solution:
Cost Price = ₹150
Selling Price = ₹180
Profit = Selling Price - Cost Price = ₹180 - ₹150 = ₹30
Profit Percentage = (Profit/Cost Price) × 100 = (30/150) × 100 = 20%
10. A trader purchased an article for ₹180 and sold it for ₹216. What is his profit percentage?
Exam: SSC GD Constable 2022
A) 16.67%
B) 20%
C) 25%
D) 30%
Answer: B) 20%
Solution:
Cost Price = ₹180
Selling Price = ₹216
Profit = Selling Price - Cost Price = ₹216 - ₹180 = ₹36
Profit Percentage = (Profit/Cost Price) × 100 = (36/180) × 100 = 20%
11. A trader sold an article for ₹200, but he had purchased it for ₹250. What is his loss percentage?
Exam: SSC GD Constable 2023
A) 10%
B) 15%
C) 20%
D) 25%
Answer: C) 20%
Solution:
Cost Price = ₹250
Selling Price = ₹200
Loss = Cost Price - Selling Price = ₹250 - ₹200 = ₹50
Loss Percentage = (Loss/Cost Price) × 100 = (50/250) × 100 = 20%
12. A trader purchased an article for ₹150 and sold it for ₹180. What is his profit percentage?
Exam: SSC GD Constable 2022
A) 16.67%
B) 20%
C) 25%
D) 30%
Answer: B) 20%
Solution:
Cost Price = ₹150
Selling Price = ₹180
Profit = Selling Price - Cost Price = ₹180 - ₹150 = ₹30
Profit Percentage = (Profit/Cost Price) × 100 = (30/150) × 100 = 20%
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