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Practice Test 7
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SSC CGL Profit and Loss Practice Test 7

15 SSC CGL profit and loss questions with chapter-wise explanations and exam-style options.

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SSC CGL Practice Session

SSC CGL Profit and Loss Practice Test 7

15 SSC CGL profit and loss questions with chapter-wise explanations and exam-style options.

Questions
15
Marking
+2 correct, -0.5 wrong
Format
15-question ad-supported session
Preview all 15 questions in SSC CGL Profit and Loss Practice Test 7 (no login required)
  1. Profit and Loss

    1. CP = ₹450, SP = ₹540. Profit percent is:

    • A. 15%
    • B. 18%
    • C. 20% (Correct)
    • D. 22%

    Explanation: Profit = 90. Profit% = 90/450×100 = 20%.

  2. Profit and Loss

    2. CP = ₹750, SP = ₹600. Loss percent is:

    • A. 15%
    • B. 18%
    • C. 20% (Correct)
    • D. 25%

    Explanation: Loss = 150. Loss% = 150/750×100 = 20%.

  3. Profit and Loss

    3. An article marked at ₹800 is sold at 15% discount. SP is:

    • A. ₹650
    • B. ₹660
    • C. ₹680 (Correct)
    • D. ₹700

    Explanation: SP = 800 × 0.85 = 680.

  4. Profit and Loss

    4. If SP = ₹924 at 10% profit, find CP.

    • A. ₹820
    • B. ₹840 (Correct)
    • C. ₹860
    • D. ₹880

    Explanation: CP = 924 × 100/110 = 840.

  5. Profit and Loss

    5. Successive discounts of 20% and 10% is equivalent to a single discount of:

    • A. 28% (Correct)
    • B. 30%
    • C. 32%
    • D. 34%

    Explanation: Effective = 100 − (0.8 × 0.9 × 100) = 100−72 = 28%.

  6. Profit and Loss

    6. A trader uses a 900g weight instead of 1 kg. His actual profit percent (even at cost price) is:

    • A. 9.09%
    • B. 10%
    • C. 11.11% (Correct)
    • D. 12%

    Explanation: Profit% = (100/900)×100 = 11.11%.

  7. Profit and Loss

    7. An article is sold at 25% profit. If CP is ₹480, SP is:

    • A. ₹580
    • B. ₹600 (Correct)
    • C. ₹620
    • D. ₹640

    Explanation: SP = 480 × 1.25 = 600.

  8. Profit and Loss

    8. What discount percent on MP ₹500 gives SP ₹425?

    • A. 12%
    • B. 13%
    • C. 14%
    • D. 15% (Correct)

    Explanation: Discount = 75. Discount% = 75/500×100 = 15%.

  9. Profit and Loss

    9. SP = ₹810 at 10% loss. Find CP.

    • A. ₹850
    • B. ₹880
    • C. ₹900 (Correct)
    • D. ₹920

    Explanation: At 10% loss, SP is 90% of CP. Therefore CP = 810 x 100/90 = ₹900.

  10. Profit and Loss

    10. A shopkeeper sells at 12% loss. If SP is ₹660, what was CP?

    • A. ₹720
    • B. ₹740
    • C. ₹750 (Correct)
    • D. ₹780

    Explanation: CP = 660×100/88 = 750.

  11. Profit and Loss

    11. A shopkeeper marks 40% above CP and gives 15% discount. Profit percent is:

    • A. 14%
    • B. 16%
    • C. 19% (Correct)
    • D. 21%

    Explanation: SP = CP×1.4×0.85 = 1.19CP. Profit = 19%.

  12. Profit and Loss

    12. By selling 12 pens for ₹180, a trader gains 20%. CP per pen is:

    • A. ₹10
    • B. ₹12
    • C. ₹12.50 (Correct)
    • D. ₹15

    Explanation: Total SP=180, Total CP=180/1.2=150. Per pen CP=150/12=12.50.

  13. Profit and Loss

    13. Two successive discounts of 30% and 20% are given. Net discount is:

    • A. 40%
    • B. 44% (Correct)
    • C. 48%
    • D. 50%

    Explanation: Effective discount = 100 − (0.7×0.8×100) = 100−56 = 44%.

  14. Profit and Loss

    14. At what SP should an item with CP ₹360 be sold to gain 15%?

    • A. ₹400
    • B. ₹404
    • C. ₹412
    • D. ₹414 (Correct)

    Explanation: SP = 360 × 1.15 = 414.

  15. Profit and Loss

    15. MP = ₹1200, discount = ₹180. Discount percent is:

    • A. 12%
    • B. 13.5%
    • C. 15% (Correct)
    • D. 18%

    Explanation: 180/1200×100 = 15%.