SSC CGL Profit, Loss and Discount Verified Practice Test 1

1. A shopkeeper marks an article 50% above cost price and gives two successive discounts of 10% and 20%. Find his profit percent.

• A. 6%
• B. 8% (Correct)
• C. 10%
• D. 12%

Explanation: Let CP = 100. MP = 150. SP = 150 x 0.9 x 0.8 = 108. Profit = 8%.

2. A dealer sells goods at 5% loss but uses 900 g instead of 1 kg. Find his actual gain percent.

• A. 4.44%
• B. 5.56% (Correct)
• C. 6.25%
• D. 7.5%

Explanation: For goods costing Rs. 90, he receives 95% of Rs. 100 = Rs. 95. Gain = 5 on 90 = 5.56%.

3. A man sells two articles for Rs. 9,600 each. On one he gains 20% and on the other he loses 20%. Find overall loss.

• A. 2%
• B. 3%
• C. 4% (Correct)
• D. 5%

Explanation: Equal SP with equal gain/loss percent gives net loss = x^2/100 = 400/100 = 4%.

4. After selling an article at 18% profit, a trader receives Rs. 5,900. Find cost price.

• A. Rs. 4,800
• B. Rs. 5,000 (Correct)
• C. Rs. 5,200
• D. Rs. 5,400

Explanation: CP = 5900 x 100/118 = 5000.

5. An article is marked at Rs. 2,400. After a discount, it is sold for Rs. 2,040. Find the discount percent.

• A. 12%
• B. 15% (Correct)
• C. 18%
• D. 20%

Explanation: Discount = 360. Discount percent = 360/2400 x 100 = 15%.

6. A shopkeeper gives 25% discount and still gains 20%. By what percent is the marked price above cost price?

• A. 45%
• B. 50%
• C. 55%
• D. 60% (Correct)

Explanation: SP = 120% of CP and SP = 75% of MP. Thus MP = 120/75 x 100 = 160% of CP.

7. Which single discount is equivalent to discounts of 20%, 15% and 10%?

• A. 38.8% (Correct)
• B. 39.2%
• C. 40.4%
• D. 41.2%

Explanation: Final price factor = 0.8 x 0.85 x 0.9 = 0.612. Discount = 38.8%.

8. Two articles have cost prices in the ratio 5:6. They are sold at profits of 20% and 25% respectively. If total selling price is Rs. 13,500, find the first cost price.

• A. Rs. 4,500
• B. Rs. 5,000 (Correct)
• C. Rs. 5,500
• D. Rs. 6,000

Explanation: Let CPs be 5x and 6x. SP total = 6x + 7.5x = 13.5x = 13500, so x = 1000 and first CP = 5000.

9. An article sold at Rs. 1,530 gives 15% loss. At what price should it be sold to gain 15%?

• A. Rs. 1,980
• B. Rs. 2,040
• C. Rs. 2,070 (Correct)
• D. Rs. 2,160

Explanation: CP = 1530/0.85 = 1800. Required SP = 1800 x 1.15 = 2070.

10. A dealer buys 1 kg for Rs. 80 and sells 800 g for Rs. 80. Find gain percent.

• A. 20%
• B. 22.5%
• C. 25% (Correct)
• D. 30%

Explanation: Cost of 800 g = Rs. 64, selling price = Rs. 80. Gain = 16 on 64 = 25%.

11. An article is sold for Rs. 1,152 after a 10% discount and gives 20% profit. Find CP.

• A. Rs. 840
• B. Rs. 900
• C. Rs. 960 (Correct)
• D. Rs. 1,000

Explanation: SP = 1152 = 120% of CP. CP = 1152 x 100/120 = 960.

12. Selling an article for Rs. 4,600 gives 15% profit. What selling price gives 25% profit?

• A. Rs. 4,800
• B. Rs. 5,000 (Correct)
• C. Rs. 5,200
• D. Rs. 5,400

Explanation: CP = 4600/1.15 = 4000. For 25% profit, SP = 4000 x 1.25 = 5000.

13. A retailer offers 'buy 4 get 1 free'. What is the effective discount percent?

• A. 16%
• B. 18%
• C. 20% (Correct)
• D. 25%

Explanation: Customer gets 5 items for price of 4. Discount = 1/5 x 100 = 20%.

14. An item costs Rs. 2,000. It is sold at 20% profit, and then 5% tax is added on selling price. What does the customer pay?

• A. Rs. 2,400
• B. Rs. 2,480
• C. Rs. 2,520 (Correct)
• D. Rs. 2,600

Explanation: SP before tax = 2400. Customer pays 2400 x 1.05 = 2520.

15. A trader sells 60% of goods at 20% profit and the rest at 10% loss. Find overall profit percent.

• A. 7%
• B. 8% (Correct)
• C. 9%
• D. 10%

Explanation: Assume total CP = 100. Profit on 60 = 12 and loss on 40 = 4. Net profit = 8%.