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Practice Test 4
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SSC CGL Profit, Loss and Discount Verified Practice Test 4

15 structurally validated Profit, Loss and Discount questions with unique options, mapped answers and explanations.

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SSC CGL Practice Session

SSC CGL Profit, Loss and Discount Verified Practice Test 4

15 structurally validated Profit, Loss and Discount questions with unique options, mapped answers and explanations.

Questions
15
Marking
+2 correct, -0.5 wrong
Format
15-question practice session
Preview all 15 questions in SSC CGL Profit, Loss and Discount Verified Practice Test 4 (no login required)
  1. Profit

    1. An article bought for 500 is sold for 575. Profit percent is:

    • A. 10%
    • B. 12%
    • C. 15% (Correct)
    • D. 18%

    Explanation: Profit = 75, so 75/500 x 100 = 15%.

  2. Loss

    2. An article bought for 250 is sold for 225. Loss percent is:

    • A. 5%
    • B. 8%
    • C. 10% (Correct)
    • D. 12%

    Explanation: Loss = 25 on 250, so 10%.

  3. Discount

    3. Marked price is 800 and discount is 15%. Selling price is:

    • A. 660
    • B. 680 (Correct)
    • C. 700
    • D. 720

    Explanation: Discount = 120, so SP = 680.

  4. Profit

    4. A trader gains 20% by selling an article for 360. Cost price is:

    • A. 280
    • B. 300 (Correct)
    • C. 320
    • D. 340

    Explanation: CP = 360/1.2 = 300.

  5. Loss

    5. A man sells an article at 25% loss for 450. Cost price is:

    • A. 500
    • B. 550
    • C. 600 (Correct)
    • D. 650

    Explanation: SP = 75% of CP, so CP = 450/0.75 = 600.

  6. Discount

    6. A 25% discount on marked price 960 gives SP:

    • A. 700
    • B. 720 (Correct)
    • C. 740
    • D. 760

    Explanation: Discount = 240, so SP = 720.

  7. Successive Discount

    7. Two successive discounts of 20% and 10% are equal to a single discount of:

    • A. 26%
    • B. 27%
    • C. 28% (Correct)
    • D. 30%

    Explanation: Net factor = 0.8 x 0.9 = 0.72, so discount = 28%.

  8. Marked Price

    8. Goods are marked 20% above cost and sold at 10% discount. Profit percent is:

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

    Explanation: Net SP factor = 1.2 x 0.9 = 1.08, so profit = 8%.

  9. Profit

    9. CP = 350, profit = 70. SP =

    • A. 400
    • B. 410
    • C. 420 (Correct)
    • D. 430

    Explanation: SP = 350 + 70 = 420.

  10. Loss

    10. SP = 270, loss = 30. CP =

    • A. 280
    • B. 290
    • C. 300 (Correct)
    • D. 310

    Explanation: CP = SP + loss = 300.

  11. No Profit No Loss

    11. An article sold for 640 gives no profit no loss. CP is:

    • A. 600
    • B. 620
    • C. 640 (Correct)
    • D. 660

    Explanation: At no profit no loss, CP = SP.

  12. Discount

    12. If MP is 1200 and SP is 1020, discount percent is:

    • A. 10%
    • B. 12%
    • C. 15% (Correct)
    • D. 18%

    Explanation: Discount = 180, so 180/1200 x 100 = 15%.

  13. Profit

    13. By selling 8 articles for the price of 10, the gain or loss percent is:

    • A. 20% gain
    • B. 20% loss
    • C. 25% gain (Correct)
    • D. 25% loss

    Explanation: If 8 articles are sold for the price of 10, then SP/CP = 10/8 = 1.25, so gain = 25%.

  14. Discount

    14. Marked price 400 with 12.5% discount gives SP:

    • A. 340
    • B. 345
    • C. 350 (Correct)
    • D. 360

    Explanation: 12.5% of 400 is 50, so SP = 350.

  15. Profit

    15. A trader gains 15% on one article and 25% on another. If CPs are equal, overall gain percent is:

    • A. 18%
    • B. 19%
    • C. 20% (Correct)
    • D. 21%

    Explanation: With equal CPs, average of profit percentages = 20%.