SSC CHSL Profit and Loss Questions
12 questions on Profit and Loss for SSC CHSL, including questions from 2024 papers. Each comes with the correct answer and a worked explanation.
- Questions
- 12
- Easy
- 12
Profit and Loss questions with solutions
A shopkeeper buys an article for ₹600 and sells it for ₹660. What is the profit percentage?
- (A)15%
- (B)5%
- (C)10%
- (D)9%
Show answer and explanation
Correct answer: (C) 10%
Profit = selling price − cost price = 660 − 600 = 60. Profit percentage is always calculated on the cost price: 60 ÷ 600 × 100 = 10%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹1,000. If a discount of 30% is allowed, what is its selling price?
- (A)₹700
- (B)₹650
- (C)₹970
- (D)₹750
Show answer and explanation
Correct answer: (A) ₹700
Discount = 30% of 1000 = 300. Selling price = marked price − discount = 1000 − 300 = 700. So the watch is sold for ₹700.
Shortcut: SP = MP × (100 − d)/100 = 1000 × 70/100.
A shopkeeper buys an article for ₹1,800 and sells it for ₹1,980. What is the profit percentage?
- (A)10%
- (B)5%
- (C)9%
- (D)15%
Show answer and explanation
Correct answer: (A) 10%
Profit = selling price − cost price = 1980 − 1800 = 180. Profit percentage is always calculated on the cost price: 180 ÷ 1800 × 100 = 10%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹2,400. If a discount of 10% is allowed, what is its selling price?
- (A)₹2,040
- (B)₹2,160
- (C)₹2,390
- (D)₹2,640
Show answer and explanation
Correct answer: (B) ₹2,160
Discount = 10% of 2400 = 240. Selling price = marked price − discount = 2400 − 240 = 2160. So the watch is sold for ₹2,160.
Shortcut: SP = MP × (100 − d)/100 = 2400 × 90/100.
A shopkeeper buys an article for ₹300 and sells it for ₹390. What is the profit percentage?
- (A)30%
- (B)23%
- (C)35%
- (D)40%
Show answer and explanation
Correct answer: (A) 30%
Profit = selling price − cost price = 390 − 300 = 90. Profit percentage is always calculated on the cost price: 90 ÷ 300 × 100 = 30%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹1,400. If a discount of 25% is allowed, what is its selling price?
- (A)₹1,050
- (B)₹1,375
- (C)₹1,750
- (D)₹1,120
Show answer and explanation
Correct answer: (A) ₹1,050
Discount = 25% of 1400 = 350. Selling price = marked price − discount = 1400 − 350 = 1050. So the watch is sold for ₹1,050.
Shortcut: SP = MP × (100 − d)/100 = 1400 × 75/100.
A shopkeeper buys an article for ₹2,500 and sells it for ₹2,750. What is the profit percentage?
- (A)15%
- (B)20%
- (C)10%
- (D)5%
Show answer and explanation
Correct answer: (C) 10%
Profit = selling price − cost price = 2750 − 2500 = 250. Profit percentage is always calculated on the cost price: 250 ÷ 2500 × 100 = 10%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹2,300. If a discount of 25% is allowed, what is its selling price?
- (A)₹2,275
- (B)₹1,725
- (C)₹1,610
- (D)₹2,875
Show answer and explanation
Correct answer: (B) ₹1,725
Discount = 25% of 2300 = 575. Selling price = marked price − discount = 2300 − 575 = 1725. So the watch is sold for ₹1,725.
Shortcut: SP = MP × (100 − d)/100 = 2300 × 75/100.
A shopkeeper buys an article for ₹1,400 and sells it for ₹1,568. What is the profit percentage?
- (A)11%
- (B)7%
- (C)17%
- (D)12%
Show answer and explanation
Correct answer: (D) 12%
Profit = selling price − cost price = 1568 − 1400 = 168. Profit percentage is always calculated on the cost price: 168 ÷ 1400 × 100 = 12%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹1,200. If a discount of 20% is allowed, what is its selling price?
- (A)₹1,020
- (B)₹1,440
- (C)₹1,180
- (D)₹960
Show answer and explanation
Correct answer: (D) ₹960
Discount = 20% of 1200 = 240. Selling price = marked price − discount = 1200 − 240 = 960. So the watch is sold for ₹960.
Shortcut: SP = MP × (100 − d)/100 = 1200 × 80/100.
A shopkeeper buys an article for ₹2,800 and sells it for ₹3,220. What is the profit percentage?
- (A)13%
- (B)25%
- (C)20%
- (D)15%
Show answer and explanation
Correct answer: (D) 15%
Profit = selling price − cost price = 3220 − 2800 = 420. Profit percentage is always calculated on the cost price: 420 ÷ 2800 × 100 = 15%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹1,900. If a discount of 25% is allowed, what is its selling price?
- (A)₹1,330
- (B)₹1,425
- (C)₹1,520
- (D)₹2,375
Show answer and explanation
Correct answer: (B) ₹1,425
Discount = 25% of 1900 = 475. Selling price = marked price − discount = 1900 − 475 = 1425. So the watch is sold for ₹1,425.
Shortcut: SP = MP × (100 − d)/100 = 1900 × 75/100.
Frequently asked questions
How many SSC CHSL Profit and Loss questions can I practise here?
12 questions — 12 easy. 12 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 CHSL?
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.