SSC CGL Profit and Loss Questions
32 questions on Profit and Loss for SSC CGL, including questions from 2024 papers. Each comes with the correct answer and a worked explanation.
- Questions
- 32
- Easy
- 32
Profit and Loss questions with solutions
A shopkeeper buys an article for ₹1,600 and sells it for ₹2,080. What is the profit percentage?
- (A)30%
- (B)35%
- (C)25%
- (D)23%
Show answer and explanation
Correct answer: (A) 30%
Profit = selling price − cost price = 2080 − 1600 = 480. Profit percentage is always calculated on the cost price: 480 ÷ 1600 × 100 = 30%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹1,700. If a discount of 10% is allowed, what is its selling price?
- (A)₹1,530
- (B)₹1,445
- (C)₹1,870
- (D)₹1,690
Show answer and explanation
Correct answer: (A) ₹1,530
Discount = 10% of 1700 = 170. Selling price = marked price − discount = 1700 − 170 = 1530. So the watch is sold for ₹1,530.
Shortcut: SP = MP × (100 − d)/100 = 1700 × 90/100.
A shopkeeper buys an article for ₹600 and sells it for ₹690. What is the profit percentage?
- (A)20%
- (B)15%
- (C)13%
- (D)25%
Show answer and explanation
Correct answer: (B) 15%
Profit = selling price − cost price = 690 − 600 = 90. Profit percentage is always calculated on the cost price: 90 ÷ 600 × 100 = 15%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹900. If a discount of 10% is allowed, what is its selling price?
- (A)₹990
- (B)₹855
- (C)₹810
- (D)₹765
Show answer and explanation
Correct answer: (C) ₹810
Discount = 10% of 900 = 90. Selling price = marked price − discount = 900 − 90 = 810. So the watch is sold for ₹810.
Shortcut: SP = MP × (100 − d)/100 = 900 × 90/100.
A shopkeeper buys an article for ₹2,900 and sells it for ₹3,770. What is the profit percentage?
- (A)40%
- (B)30%
- (C)35%
- (D)25%
Show answer and explanation
Correct answer: (B) 30%
Profit = selling price − cost price = 3770 − 2900 = 870. Profit percentage is always calculated on the cost price: 870 ÷ 2900 × 100 = 30%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹3,100. If a discount of 20% is allowed, what is its selling price?
- (A)₹3,720
- (B)₹2,325
- (C)₹3,080
- (D)₹2,480
Show answer and explanation
Correct answer: (D) ₹2,480
Discount = 20% of 3100 = 620. Selling price = marked price − discount = 3100 − 620 = 2480. So the watch is sold for ₹2,480.
Shortcut: SP = MP × (100 − d)/100 = 3100 × 80/100.
A shopkeeper buys an article for ₹2,200 and sells it for ₹2,640. What is the profit percentage?
- (A)25%
- (B)15%
- (C)17%
- (D)20%
Show answer and explanation
Correct answer: (D) 20%
Profit = selling price − cost price = 2640 − 2200 = 440. Profit percentage is always calculated on the cost price: 440 ÷ 2200 × 100 = 20%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹3,800. If a discount of 10% is allowed, what is its selling price?
- (A)₹3,230
- (B)₹4,180
- (C)₹3,610
- (D)₹3,420
Show answer and explanation
Correct answer: (D) ₹3,420
Discount = 10% of 3800 = 380. Selling price = marked price − discount = 3800 − 380 = 3420. So the watch is sold for ₹3,420.
Shortcut: SP = MP × (100 − d)/100 = 3800 × 90/100.
A shopkeeper buys an article for ₹1,100 and sells it for ₹1,540. What is the profit percentage?
- (A)35%
- (B)50%
- (C)40%
- (D)29%
Show answer and explanation
Correct answer: (C) 40%
Profit = selling price − cost price = 1540 − 1100 = 440. Profit percentage is always calculated on the cost price: 440 ÷ 1100 × 100 = 40%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹1,200. If a discount of 25% is allowed, what is its selling price?
- (A)₹900
- (B)₹840
- (C)₹1,175
- (D)₹1,500
Show answer and explanation
Correct answer: (A) ₹900
Discount = 25% of 1200 = 300. Selling price = marked price − discount = 1200 − 300 = 900. So the watch is sold for ₹900.
Shortcut: SP = MP × (100 − d)/100 = 1200 × 75/100.
A shopkeeper buys an article for ₹200 and sells it for ₹224. What is the profit percentage?
- (A)11%
- (B)12%
- (C)22%
- (D)7%
Show answer and explanation
Correct answer: (B) 12%
Profit = selling price − cost price = 224 − 200 = 24. Profit percentage is always calculated on the cost price: 24 ÷ 200 × 100 = 12%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹1,400. If a discount of 20% is allowed, what is its selling price?
- (A)₹1,050
- (B)₹1,190
- (C)₹1,120
- (D)₹1,680
Show answer and explanation
Correct answer: (C) ₹1,120
Discount = 20% of 1400 = 280. Selling price = marked price − discount = 1400 − 280 = 1120. So the watch is sold for ₹1,120.
Shortcut: SP = MP × (100 − d)/100 = 1400 × 80/100.
The marked price of a watch is ₹2,100. If a discount of 15% is allowed, what is its selling price?
- (A)₹1,680
- (B)₹2,085
- (C)₹1,785
- (D)₹1,890
Show answer and explanation
Correct answer: (C) ₹1,785
Discount = 15% of 2100 = 315. Selling price = marked price − discount = 2100 − 315 = 1785. So the watch is sold for ₹1,785.
Shortcut: SP = MP × (100 − d)/100 = 2100 × 85/100.
A shopkeeper buys an article for ₹2,900 and sells it for ₹3,335. What is the profit percentage?
- (A)20%
- (B)25%
- (C)15%
- (D)13%
Show answer and explanation
Correct answer: (C) 15%
Profit = selling price − cost price = 3335 − 2900 = 435. Profit percentage is always calculated on the cost price: 435 ÷ 2900 × 100 = 15%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹3,700. If a discount of 20% is allowed, what is its selling price?
- (A)₹4,440
- (B)₹3,145
- (C)₹2,960
- (D)₹2,775
Show answer and explanation
Correct answer: (C) ₹2,960
Discount = 20% of 3700 = 740. Selling price = marked price − discount = 3700 − 740 = 2960. So the watch is sold for ₹2,960.
Shortcut: SP = MP × (100 − d)/100 = 3700 × 80/100.
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Frequently asked questions
How many SSC CGL Profit and Loss questions can I practise here?
32 questions — 32 easy. 15 are shown on this page with answers and explanations, and the practice set draws from all of them.
How should I practise Profit and Loss for SSC CGL?
Read through a few solved questions first to see the method, then take a timed practice set. Afterwards, check which questions you got wrong or spent longest on and redo those before moving on.