Profit, Loss & Discount - 1 - Free MCQ Practice Test with solutions, SSC
MCQ Practice Test & Solutions: MCQ: Profit, Loss & Discount - 1 (15 Questions)
You can prepare effectively for SSC CGL Quantitative Aptitude for SSC CGL with this dedicated MCQ Practice Test (available with solutions) on the important topic of "MCQ: Profit, Loss & Discount - 1". These 15 questions have been designed by the experts with the latest curriculum of SSC CGL 2026, to help you master the concept.
Test Highlights:
- - Format: Multiple Choice Questions (MCQ)
- - Duration: 15 minutes
- - Number of Questions: 15
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A shopkeeper sells an item for Rs. 870 and earns 20% profit. At what price should he sell that item to make a profit of 50%?
Detailed Solution: Question 1
A shopkeeper marked an article 80% above its cost price and sold it after giving two successive discounts of 30% and 25% respectively. What is his profit/loss percentage?
Detailed Solution: Question 2
By selling a calculator for Rs. 258, a shopkeeper gains 7.50%. Find the cost price of the calculator for the shopkeeper.
Detailed Solution: Question 3
A camera costs Rs. 7200. If it is sold at a loss of 25%, what will be its cost price as a percentage of its selling price?
Detailed Solution: Question 4
A shopkeeper sold an article for Rs. 5,640 and gained 50%. At what price should he sell it to gain 75%?
Detailed Solution: Question 5
On selling a watch for Rs. 720, a shopkeeper incurs a loss of 33.33%. Find the cost price of the watch for the shopkeeper.
Detailed Solution: Question 6
A seller marked an article 60% above the cost price and earned a profit of 25%. What percentage discount does he allow on the article?
Detailed Solution: Question 7
Mohit marked up an article by 60%. If he earned a profit of Rs. 720 after allowing a discount of Rs. 420, what is the cost price of the article?
Mohit marked up an article by 60%. If he earned a profit of Rs. 720 after allowing a discount of Rs. 420, what is the cost price of the article?
Detailed Solution: Question 8
A shopkeeper sold an article for Rs. 2,250 and made a profit of 25%. Find his profit/loss percent if he had sold his article for Rs. 1,000.
Detailed Solution: Question 9
A seller marked an article X% above the cost price and allowed a discount of 50%. If the selling price and the cost price are Rs. 1000 and Rs. 1200 respectively, what is the value of X?
Detailed Solution: Question 10
A shopkeeper sold an article for Rs. 59,200 and incurred a loss of 20%. At what price should he sell it to gain 20%?
Detailed Solution: Question 11
Vishal bought 60 pens for Rs. 5 each. If he earns an overall profit of Rs. 90, what is the selling price of each pen?
Detailed Solution: Question 12
A fruit seller bought 80 apples for Rs. 1200. 20 of them were rotten so he sold the remaining apples for Rs. 25 each. What is his overall profit/loss percentage?
Detailed Solution: Question 13
A milkman claims to sell his milk at a 10% loss but uses a 900 ml vessel in place of 1 liter to measure. What is his actual profit/loss percentage?
Detailed Solution: Question 14
A shopkeeper marked an article 20% above the cost price and sold the article after allowing a discount of Rs. 400 and still made a profit of Rs. 100. At what price did he sell the article?
Detailed Solution: Question 15
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