SSC MTS Profit and Loss Questions
2 questions on Profit and Loss for SSC MTS, including questions from 2024 papers. Each comes with the correct answer and a worked explanation.
- Questions
- 2
- Easy
- 2
Profit and Loss questions with solutions
A shopkeeper buys an article for ₹1,900 and sells it for ₹2,660. What is the profit percentage?
- (A)35%
- (B)29%
- (C)50%
- (D)40%
Show answer and explanation
Correct answer: (D) 40%
Profit = selling price − cost price = 2660 − 1900 = 760. Profit percentage is always calculated on the cost price: 760 ÷ 1900 × 100 = 40%.
Shortcut: Profit % = (SP − CP)/CP × 100.
The marked price of a watch is ₹1,600. If a discount of 10% is allowed, what is its selling price?
- (A)₹1,760
- (B)₹1,360
- (C)₹1,440
- (D)₹1,590
Show answer and explanation
Correct answer: (C) ₹1,440
Discount = 10% of 1600 = 160. Selling price = marked price − discount = 1600 − 160 = 1440. So the watch is sold for ₹1,440.
Shortcut: SP = MP × (100 − d)/100 = 1600 × 90/100.
Frequently asked questions
How many SSC MTS Profit and Loss questions can I practise here?
2 questions — 2 easy. 2 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 MTS?
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.