SSC CGL Profit and Loss Practice Test 3
15 SSC CGL profit and loss questions with chapter-wise explanations and exam-style options.
Leaderboard slot above the practice session for revision tools, test series, books, and career products.
SSC CGL Profit and Loss Practice Test 3
15 SSC CGL profit and loss questions with chapter-wise explanations and exam-style options.
Preview all 15 questions in SSC CGL Profit and Loss Practice Test 3 (no login required)
- Profit and Loss
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%.
- Profit and 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%.
- Profit and Loss
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.
- Profit and Loss
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.
- Profit and 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.
- Profit and Loss
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.
- Profit and Loss
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%.
- Profit and Loss
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%.
- Profit and Loss
9. CP = 350, profit = 70. SP =
- A. 400
- B. 410
- C. 420 (Correct)
- D. 430
Explanation: SP = 350 + 70 = 420.
- Profit and Loss
10. SP = 270, loss = 30. CP =
- A. 280
- B. 290
- C. 300 (Correct)
- D. 310
Explanation: CP = SP + loss = 300.
- Profit and 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.
- Profit and Loss
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%.
- Profit and Loss
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%.
- Profit and Loss
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.
- Profit and Loss
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%.