SSC CGL Profit, Loss and Discount Verified Practice Test 7
15 structurally validated Profit, Loss and Discount questions with unique options, mapped answers and explanations.
SSC CGL Profit, Loss and Discount Verified Practice Test 7
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 7 (no login required)
- Profit
1. An article bought for Rs. 900 is sold for Rs. 990. Profit is:
- A. Rs. 80
- B. Rs. 90 (Correct)
- C. Rs. 100
- D. Rs. 110
Explanation: Profit = 990 - 900.
- Loss
2. An article bought for Rs. 700 is sold for Rs. 630. Loss percent is:
- A. 8%
- B. 10% (Correct)
- C. 12%
- D. 15%
Explanation: Loss = 70, so loss percent = 70/700 x 100.
- Discount
3. Marked price Rs. 500 with 20% discount gives selling price:
- A. Rs. 380
- B. Rs. 400 (Correct)
- C. Rs. 420
- D. Rs. 450
Explanation: Discount = Rs. 100.
- Profit Percent
4. If CP = Rs. 250 and SP = Rs. 300, profit percent is:
- A. 15%
- B. 20% (Correct)
- C. 25%
- D. 30%
Explanation: Profit = Rs. 50 on CP Rs. 250.
- Marked Price
5. An article sold for Rs. 720 after 10% discount has marked price:
- A. Rs. 760
- B. Rs. 780
- C. Rs. 800 (Correct)
- D. Rs. 820
Explanation: Selling price is 90% of marked price.
- Reverse Loss
6. An article sold for Rs. 540 at a loss of 10% had cost price:
- A. Rs. 560
- B. Rs. 580
- C. Rs. 600 (Correct)
- D. Rs. 620
Explanation: Selling price is 90% of cost price.
- Successive Discount
7. Successive discounts of 15% and 20% are equal to one discount of:
- A. 32% (Correct)
- B. 33%
- C. 34%
- D. 35%
Explanation: Net discount = 15 + 20 - 3.
- Profit with Discount
8. A trader marks goods 25% above cost and gives 8% discount. Profit percent is:
- A. 12%
- B. 13%
- C. 14%
- D. 15% (Correct)
Explanation: Take CP = 100, MP = 125, SP = 115.
- Basic Loss
9. If CP is Rs. 480 and loss is Rs. 60, SP is:
- A. Rs. 400
- B. Rs. 410
- C. Rs. 420 (Correct)
- D. Rs. 430
Explanation: SP = CP - loss.
- Discount Percent
10. An item marked Rs. 1000 is sold for Rs. 850. Discount percent is:
- A. 10%
- B. 12%
- C. 15% (Correct)
- D. 17%
Explanation: Discount = Rs. 150.
- False Weight
11. A grocer sells at cost price but gives only 900 g for 1 kg. Gain percent is:
- A. 10%
- B. 11.11% (Correct)
- C. 12.5%
- D. 15%
Explanation: Gain = 100/900 x 100.
- Profit Target
12. At what price should an item costing Rs. 560 be sold to gain 25%?
- A. Rs. 680
- B. Rs. 700 (Correct)
- C. Rs. 720
- D. Rs. 740
Explanation: Selling price = 125% of cost price.
- Equivalent Discount
13. Two successive discounts of 5% and 10% equal one discount of:
- A. 14%
- B. 14.5% (Correct)
- C. 15%
- D. 15.5%
Explanation: Net discount = 5 + 10 - 0.5.
- Loss Percent
14. If an item sold for Rs. 450 incurs a 10% loss, CP is:
- A. Rs. 480
- B. Rs. 500 (Correct)
- C. Rs. 520
- D. Rs. 540
Explanation: Selling price is 90% of cost price.
- Marked Price and Discount
15. After a 20% discount, a trader still gains 25%. Marked price is what percent of cost price?
- A. 140%
- B. 150%
- C. 156.25% (Correct)
- D. 160%
Explanation: Take CP = 100 and SP = 125. Since SP = 80% of MP, MP = 156.25.