SSC CGL Profit, Loss and Discount Verified Practice Test 3
15 structurally validated Profit, Loss and Discount questions with unique options, mapped answers and explanations.
SSC CGL Profit, Loss and Discount Verified Practice Test 3
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 3 (no login required)
- Profit
1. An article is bought for 400 and sold for 480. Profit percent is:
- A. 15%
- B. 18%
- C. 20% (Correct)
- D. 25%
Explanation: Profit = 80, so profit% = 80/400 x 100 = 20%.
- Loss
2. A pen is bought for 50 and sold for 45. Loss percent is:
- A. 5%
- B. 8%
- C. 10% (Correct)
- D. 12%
Explanation: Loss = 5 on cost 50, so 10%.
- Discount
3. Marked price is 600 and discount is 10%. Selling price is:
- A. 520
- B. 540 (Correct)
- C. 560
- D. 580
Explanation: 10% of 600 is 60, so selling price = 540.
- Profit
4. A shopkeeper gains 25% by selling an article for 500. Cost price is:
- A. 380
- B. 400 (Correct)
- C. 420
- D. 450
Explanation: CP = 500/1.25 = 400.
- Loss
5. A man sells an article at 20% loss for 320. Cost price is:
- A. 360
- B. 380
- C. 400 (Correct)
- D. 420
Explanation: SP = 80% of CP, so CP = 320/0.8 = 400.
- Discount
6. A 20% discount on marked price 750 gives selling price:
- A. 550
- B. 575
- C. 600 (Correct)
- D. 625
Explanation: 20% of 750 is 150, so SP = 600.
- Successive Discount
7. Two successive discounts of 10% and 20% are equal to a single discount of:
- A. 28% (Correct)
- B. 30%
- C. 32%
- D. 36%
Explanation: Net factor = 0.9 x 0.8 = 0.72, so discount = 28%.
- Marked Price
8. A shopkeeper marks goods 25% above cost and gives 10% discount. Profit percent is:
- A. 10%
- B. 12.5% (Correct)
- C. 15%
- D. 20%
Explanation: Net SP factor = 1.25 x 0.9 = 1.125, so profit = 12.5%.
- Profit
9. CP = 200, profit = 50. SP =
- A. 220
- B. 240
- C. 250 (Correct)
- D. 260
Explanation: SP = CP + profit = 250.
- Loss
10. SP = 180, loss = 20. CP =
- A. 190
- B. 200 (Correct)
- C. 210
- D. 220
Explanation: CP = SP + loss = 200.
- Profit-Loss
11. An article sold for 360 gives neither profit nor loss. Cost price is:
- A. 320
- B. 340
- C. 360 (Correct)
- D. 380
Explanation: No profit no loss means SP = CP.
- Discount
12. If MP is 1000 and SP is 850, discount percent is:
- A. 10%
- B. 12%
- C. 15% (Correct)
- D. 18%
Explanation: Discount = 150, so 150/1000 x 100 = 15%.
- Profit
13. By selling 12 articles for the price of 10, the loss percent is:
- A. 16 2/3% (Correct)
- B. 18%
- C. 20%
- D. 25%
Explanation: If 12 are sold at CP of 10, SP/CP = 10/12 = 5/6, so loss = 1/6 = 16 2/3%.
- Discount
14. Marked price 500 with 5% discount gives SP:
- A. 465
- B. 470
- C. 475 (Correct)
- D. 480
Explanation: 5% of 500 is 25, so SP = 475.
- Profit
15. A trader gains 20% on one article and 10% on another. If CPs are equal, overall gain percent is:
- A. 12%
- B. 14%
- C. 15% (Correct)
- D. 16%
Explanation: With equal CPs, average of profit percentages = 15%.