SSC CGL Profit, Loss and Discount Verified Practice Test 6
15 structurally validated Profit, Loss and Discount questions with unique options, mapped answers and explanations.
SSC CGL Profit, Loss and Discount Verified Practice Test 6
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 6 (no login required)
- Profit
1. An article is bought for Rs. 750 and sold for Rs. 840. Profit is:
- A. Rs. 80
- B. Rs. 85
- C. Rs. 90 (Correct)
- D. Rs. 95
Explanation: Profit = 840 - 750 = 90.
- Loss
2. An article bought for Rs. 600 is sold for Rs. 540. Loss percent is:
- A. 8%
- B. 10% (Correct)
- C. 12%
- D. 15%
Explanation: Loss = 60, so loss percent = 60/600 x 100 = 10%.
- Discount
3. Marked price of an article is Rs. 900 and discount is 15%. Selling price is:
- A. Rs. 735
- B. Rs. 750
- C. Rs. 765 (Correct)
- D. Rs. 780
Explanation: Discount = 15% of 900 = 135, so SP = 765.
- Profit Percent
4. If CP = Rs. 400 and SP = Rs. 460, then profit percent is:
- A. 12%
- B. 15% (Correct)
- C. 18%
- D. 20%
Explanation: Profit = 60, so profit percent = 60/400 x 100 = 15%.
- Marked Price
5. An article is sold for Rs. 640 after a 20% discount. Its marked price is:
- A. Rs. 760
- B. Rs. 780
- C. Rs. 800 (Correct)
- D. Rs. 820
Explanation: Selling price is 80% of marked price, so MP = 640 x 100/80 = 800.
- Reverse Loss
6. An article is sold at a 25% loss for Rs. 450. The cost price is:
- A. Rs. 500
- B. Rs. 550
- C. Rs. 600 (Correct)
- D. Rs. 650
Explanation: Selling price is 75% of cost price, so CP = 450 x 100/75 = 600.
- Successive Discount
7. Successive discounts of 20% and 10% are equivalent to a single discount of:
- A. 28% (Correct)
- B. 30%
- C. 32%
- D. 35%
Explanation: Net discount = 20 + 10 - (20 x 10)/100 = 28%.
- Profit with Discount
8. A trader marks an article 40% above cost price and allows a 10% discount. Profit percent is:
- A. 24%
- B. 25%
- C. 26% (Correct)
- D. 28%
Explanation: Take CP = 100. MP = 140 and SP = 126, so profit = 26%.
- Basic Loss
9. If cost price is Rs. 950 and loss is Rs. 95, selling price is:
- A. Rs. 845
- B. Rs. 850
- C. Rs. 855 (Correct)
- D. Rs. 860
Explanation: Selling price = 950 - 95 = 855.
- Discount Percent
10. An article marked Rs. 1200 is sold for Rs. 1020. Discount percent is:
- A. 10%
- B. 12%
- C. 15% (Correct)
- D. 18%
Explanation: Discount = 180, so discount percent = 180/1200 x 100 = 15%.
- False Weight
11. A shopkeeper sells sugar at cost price but uses a 800 g weight instead of 1 kg. His gain percent is:
- A. 20%
- B. 25% (Correct)
- C. 22.5%
- D. 18%
Explanation: He charges for 1000 g but gives only 800 g, so gain = 200/800 x 100 = 25%.
- Profit Target
12. At what price should an article costing Rs. 320 be sold to gain 25%?
- A. Rs. 360
- B. Rs. 380
- C. Rs. 400 (Correct)
- D. Rs. 420
Explanation: Selling price = 125% of 320 = 400.
- Equivalent Discount
13. Two successive discounts of 10% and 15% are equal to one discount of:
- A. 23%
- B. 23.5% (Correct)
- C. 24%
- D. 24.5%
Explanation: Net discount = 10 + 15 - 1.5 = 23.5%.
- Loss Percent
14. If an article is sold for Rs. 720 at a loss of 10%, then its cost price is:
- A. Rs. 760
- B. Rs. 780
- C. Rs. 800 (Correct)
- D. Rs. 820
Explanation: Selling price is 90% of CP, so CP = 720 x 100/90 = 800.
- Marked Price and Discount
15. A shopkeeper gains 20% after giving a 20% discount. The marked price is what percent of the cost price?
- A. 140%
- B. 145%
- C. 150% (Correct)
- D. 155%
Explanation: Take CP = 100. To gain 20%, SP = 120. Since SP = 80% of MP, MP = 150.