SSC GD Profit and Loss Questions
5 questions on Profit and Loss for SSC GD, including questions from 2024 papers. Each comes with the correct answer and a worked explanation.
- Questions
- 5
- Easy
- 5
Profit and Loss questions with solutions
A shopkeeper buys an article for ₹500 and sells it for ₹575. What is the profit percentage?
- (A)13%
- (B)20%
- (C)25%
- (D)15%
Show answer and explanation
Correct answer: (D) 15%
Profit = selling price − cost price = 575 − 500 = 75. Profit percentage is always calculated on the cost price: 75 ÷ 500 × 100 = 15%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹2,600. If a discount of 25% is allowed, what is its selling price?
- (A)₹1,950
- (B)₹2,575
- (C)₹3,250
- (D)₹1,820
Show answer and explanation
Correct answer: (A) ₹1,950
Discount = 25% of 2600 = 650. Selling price = marked price − discount = 2600 − 650 = 1950. So the watch is sold for ₹1,950.
Shortcut: SP = MP × (100 − d)/100 = 2600 × 75/100.
A shopkeeper buys an article for ₹1,900 and sells it for ₹2,185. What is the profit percentage?
- (A)15%
- (B)25%
- (C)20%
- (D)13%
Show answer and explanation
Correct answer: (A) 15%
Profit = selling price − cost price = 2185 − 1900 = 285. Profit percentage is always calculated on the cost price: 285 ÷ 1900 × 100 = 15%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹2,700. If a discount of 5% is allowed, what is its selling price?
- (A)₹2,565
- (B)₹2,695
- (C)₹2,835
- (D)₹2,700
Show answer and explanation
Correct answer: (A) ₹2,565
Discount = 5% of 2700 = 135. Selling price = marked price − discount = 2700 − 135 = 2565. So the watch is sold for ₹2,565.
Shortcut: SP = MP × (100 − d)/100 = 2700 × 95/100.
A shopkeeper buys an article for ₹1,000 and sells it for ₹1,150. What is the profit percentage?
- (A)25%
- (B)15%
- (C)13%
- (D)20%
Show answer and explanation
Correct answer: (B) 15%
Profit = selling price − cost price = 1150 − 1000 = 150. Profit percentage is always calculated on the cost price: 150 ÷ 1000 × 100 = 15%.
Shortcut: Profit % = (SP − CP)/CP × 100.
Frequently asked questions
How many SSC GD Profit and Loss questions can I practise here?
5 questions — 5 easy. 5 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 GD?
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.