SSC CGL Profit, Loss and Discount Verified Practice Test 5
15 structurally validated Profit, Loss and Discount questions with unique options, mapped answers and explanations.
SSC CGL Profit, Loss and Discount Verified Practice Test 5
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 5 (no login required)
- Profit
1. A shopkeeper buys an item for Rs. 640 and sells it for Rs. 736. Profit percent is:
- A. 12%
- B. 15% (Correct)
- C. 18%
- D. 20%
Explanation: Profit = 96, and 96/640 x 100 = 15%.
- Loss
2. An article bought for Rs. 900 is sold for Rs. 810. Loss percent is:
- A. 8%
- B. 10% (Correct)
- C. 12%
- D. 15%
Explanation: Loss = 90, so 90/900 x 100 = 10%.
- Discount
3. Marked price is Rs. 2000 and discount is 10%. Selling price is:
- A. 1700
- B. 1750
- C. 1800 (Correct)
- D. 1900
Explanation: 10% of 2000 is 200, so selling price = 1800.
- Profit
4. A trader makes 25% profit by selling an article for Rs. 500. Cost price is:
- A. 380
- B. 400 (Correct)
- C. 420
- D. 450
Explanation: Cost price = 500/1.25 = 400.
- Loss
5. At 20% loss, an article is sold for Rs. 480. Cost price is:
- A. 560
- B. 580
- C. 600 (Correct)
- D. 620
Explanation: Rs. 480 is 80% of the cost price, so CP = 600.
- Marked Price
6. An article with marked price Rs. 1500 is sold after 12% discount. Selling price is:
- A. 1290
- B. 1310
- C. 1320 (Correct)
- D. 1340
Explanation: Discount = 180, so selling price = 1320.
- Successive Discount
7. Successive discounts of 10% and 20% are equal to a single discount of:
- A. 26%
- B. 27%
- C. 28% (Correct)
- D. 30%
Explanation: Net factor = 0.9 x 0.8 = 0.72, so net discount is 28%.
- Net Profit
8. Goods are marked 30% above cost and sold at 10% discount. Profit percent is:
- A. 14%
- B. 16%
- C. 17% (Correct)
- D. 18%
Explanation: Net factor = 1.3 x 0.9 = 1.17, so profit = 17%.
- No Profit No Loss
9. If selling price equals cost price, the transaction results in:
- A. Profit
- B. Loss
- C. No profit no loss (Correct)
- D. Discount only
Explanation: When CP = SP, gain and loss are both zero.
- Discount
10. A discount of 20% on marked price Rs. 750 gives selling price:
- A. 580
- B. 600 (Correct)
- C. 620
- D. 650
Explanation: 20% of 750 is 150, so SP = 600.
- Profit
11. CP is Rs. 450 and profit is Rs. 90. Profit percent is:
- A. 18%
- B. 20% (Correct)
- C. 22%
- D. 25%
Explanation: 90/450 x 100 = 20%.
- Loss
12. Selling price is Rs. 680 and loss is 15%. Cost price is:
- A. 760
- B. 780
- C. 800 (Correct)
- D. 820
Explanation: Rs. 680 is 85% of CP, so CP = 680/0.85 = 800.
- Marked Price
13. A shopkeeper allows 20% discount and still makes 20% profit. If cost price is Rs. 500, marked price is:
- A. 700
- B. 720
- C. 740
- D. 750 (Correct)
Explanation: Selling price must be 600. If that is 80% of marked price, marked price = 750.
- Discount
14. 12.5% discount on Rs. 480 equals:
- A. 50
- B. 55
- C. 60 (Correct)
- D. 65
Explanation: 12.5% is 1/8, and 480/8 = 60.
- Trade Trick
15. Selling 8 articles for the cost price of 10 articles results in:
- A. 20% gain
- B. 25% gain (Correct)
- C. 20% loss
- D. 25% loss
Explanation: If the selling price of 8 articles equals the cost price of 10, then SP/CP = 10/8 = 1.25, so gain = 25%.