SSC CGL Profit, Loss and Discount Verified Practice Test 2
15 structurally validated Profit, Loss and Discount questions with unique options, mapped answers and explanations.
SSC CGL Profit, Loss and Discount Verified Practice Test 2
15 structurally validated Profit, Loss and Discount questions with unique options, mapped answers and explanations.
Preview all 15 questions in SSC CGL Profit, Loss and Discount Verified Practice Test 2 (no login required)
- Profit
1. An article bought for Rs. 500 is sold for Rs. 575. Profit is:
- A. 50
- B. 60
- C. 70
- D. 75 (Correct)
Explanation: Profit = SP - CP = 575 - 500 = 75.
- Profit Percent
2. If CP = 400 and SP = 480, profit percent is:
- A. 15%
- B. 20% (Correct)
- C. 25%
- D. 30%
Explanation: Profit = 80, so profit percent = 80/400 × 100 = 20%.
- Loss
3. An article bought for Rs. 800 is sold for Rs. 720. Loss percent is:
- A. 8%
- B. 10% (Correct)
- C. 12%
- D. 15%
Explanation: Loss = 80, so loss percent = 80/800 × 100 = 10%.
- Discount
4. Marked price is Rs. 600 and discount is 10%. Selling price is:
- A. 520
- B. 530
- C. 540 (Correct)
- D. 550
Explanation: Discount = 60, so SP = 600 - 60 = 540.
- Successive Discount
5. Two successive discounts of 10% and 20% are equivalent to a single discount of:
- A. 28% (Correct)
- B. 30%
- C. 32%
- D. 35%
Explanation: Net discount = 10 + 20 - (10×20/100) = 28%.
- Marked Price
6. An article is sold at 20% discount on MP of 1000. SP is:
- A. 700
- B. 750
- C. 800 (Correct)
- D. 850
Explanation: 20% of 1000 is 200, so SP = 800.
- Reverse Profit
7. If SP is Rs. 960 after gaining 20%, CP is:
- A. 700
- B. 750
- C. 800 (Correct)
- D. 850
Explanation: SP = 120% of CP, so CP = 960 × 100/120 = 800.
- Discount and Profit
8. A shopkeeper marks goods 25% above CP and gives 10% discount. Profit percent is:
- A. 10%
- B. 11.5%
- C. 12.5% (Correct)
- D. 15%
Explanation: Take CP = 100, MP = 125, SP = 112.5, so profit = 12.5%.
- Loss Case
9. An article sold for Rs. 450 incurs a loss of 10%. Cost price is:
- A. 475
- B. 500 (Correct)
- C. 525
- D. 550
Explanation: If SP = 90% of CP, CP = 450 × 100/90 = 500.
- False Weight
10. A dishonest dealer sells at CP but uses a 900 g weight as 1 kg. Profit percent is:
- A. 10%
- B. 11.11% (Correct)
- C. 12.5%
- D. 15%
Explanation: He gives 900 g for price of 1000 g, so gain = 100/900 × 100 = 11.11%.
- Equivalent Discount
11. Successive discounts of 15% and 15% are equivalent to:
- A. 27%
- B. 27.5%
- C. 27.75% (Correct)
- D. 30%
Explanation: Net discount = 15 + 15 - 2.25 = 27.75%.
- Basic Loss
12. If CP = 250 and loss = 50, SP is:
- A. 180
- B. 190
- C. 200 (Correct)
- D. 210
Explanation: Selling price = cost price - loss = 250 - 50 = 200.
- Profit and SP
13. If profit is 25% and CP is 640, SP is:
- A. 720
- B. 760
- C. 800 (Correct)
- D. 840
Explanation: SP = 125% of 640 = 800.
- Discount Percent
14. An article marked Rs. 900 is sold for Rs. 810. Discount percent is:
- A. 8%
- B. 9%
- C. 10% (Correct)
- D. 12%
Explanation: Discount = 90, so discount percent = 90/900 × 100 = 10%.
- Profit vs Discount
15. A trader gains 20% even after giving 20% discount. Marked price is what percent above CP?
- A. 40%
- B. 45%
- C. 50% (Correct)
- D. 60%
Explanation: Take CP = 100. To gain 20%, SP = 120. Since SP = 80% of MP, MP = 150. So MP is 50% above CP.