SSC CGL Profit and Loss Questions with Answers

Profit And Loss For SSC CGL Exam: Profit and Loss is a simple topic that appears in many government exams. Candidates can expect at least 1-2 questions on Profit and Loss for SSC CGL Exam at an easy to moderate level. Profit and Loss consist of theory and some important basic formulas. Based on the concept and formulas one can solve the questions related to profit and loss. In this blog Profit and Loss for SSC CGL Exam, we have covered a basic concept, some important questions with different patterns along with the solutions and explanations. So, candidates must understand the concept, learn the formulas, and practice the questions.

Proft and Loss for SSC CGL: Topic-wise and Complete Preparation

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Concept of Profit And Loss

Profit: Profit can be defined as it is the amount that is gained by selling a product at a price greater than its purchased price.

Loss: Loss can be defined as it is the amount lost by selling a product for less than its purchased price.

Cost Price: It is the amount that is paid to purchase a product.

Selling Price: It is the amount for which the product is sold.

Important Formulas:

• Profit or Gain= Selling Price – Cost Price
• Loss = Cost Price – Selling Price
• Profit percentage (P%) = (Profit /Cost Price) x 100
• Loss percentage (L%) = (Loss / Cost price) x 100
• Selling Price = {(100 + Profit%)/100} x Cost Price
• Selling Price = {(100 – Loss%)/100} x Cost Price
• Cost Price = {100/(100 + Profit%)} x Selling Price
• Cost Price = {100/(100 – Loss%)} x Selling Price
• Discount = Marked Price – Selling Price
• Selling Price = Marked Price -Discount

SSC CGL Profit and Loss Questions with Answers

We have understood the concept of Profit and Loss in simple words and learned the formulas for it. In this section, we have provided the questions in both Hindi and English (in PDF) for the candidates’ convenience. Candidates can solve the questions to boost their practice and check the answers and solutions provided in this blog.

SSC CGL Profit and Loss Question 1:

Question 1: Surya purchased 40 bottles at some amount and he sold 30 bottles out of the 40 bottles at the same amount at which he purchased the 40 bottles. Find the profit/loss per bottle sold by him.

A) (100/3) %

B) 25%

C) 30%

D) 40%

SSC CGL Profit and Loss Question 2:

Question 2: The ratio of the marked price to cost price of an article is 13:10. A discount of Rs. 54 is given on the article and it is sold at a profit of 20%. Find the marked price of the article.

A) Rs. 648

B) Rs. 702

C) Rs. 540

D) Rs. 620

SSC CGL Profit and Loss Question 3:

Question 3: A seller sold 4 pencils and 6 pens for Rs. 80. If the selling price of each pen is twice that of a pencil, then find the selling price of 12 pencils.

A) Rs. 60

B) Rs. 48

C) Rs. 50

D) Rs. 120

SSC CGL Profit and Loss Question 4:

Question 4: A seller marked an article 80% above its cost price and sold it after allowing a discount of 40%. Find the gain percentage of the seller.

A) 8%

B) 12%

C) 15%

D) 9%

SSC CGL Profit and Loss Question 5:

Question 5: The cost price of 7 articles is equal to the selling price of 8 articles. If the loss incurred on selling 1 article is Rs. 75, then find the cost price of 1 article.

A) Rs. 540

B) Rs. 960

C) Rs. 600

D) Rs. 400

SSC CGL Profit and Loss Question 6:

Question 6: A seller marked an article at Rs. 400 and sold it after allowing two successive discounts of 15% and 10%, respectively. If he earned a profit of Rs. 96, then find the cost price of the article.

A) Rs. 240

B) Rs. 200

C) Rs. 210

D) Rs. 180

SSC CGL Profit and Loss Question 7:

Question 7: A seller marked an article for Rs. 8,000 and sold it at Rs. 6,532. Find the discount percentage allowed by the seller.

A) 19.25%

B) 18.35%

C) 17.65%

D) 17.75%

SSC CGL Profit and Loss Question 8:

Question 8: An article was sold at a loss of 8%. If it had been sold for Rs. 460 more, then it would have been sold at a profit of 15%. If the same article was sold for Rs. 2,440, then what would be the profit percentage earned?

A) 28%

B) 18%

C) 22%

D) 16%

SSC CGL Profit and Loss Question 9:

Question 9: Suraj bought an article at 40% discount on marked price and sold it after allowing a 25% discount on marked price. Find his gain percentage.

A) 15%

B) 25%

C) 20%

D) 7.5%

SSC CGL Profit and Loss Question 10:

Question 10: The profit earned on selling 5 article ‘A’ for Rs. 120 is same as the loss incurred on selling 8 article ‘A’ for Rs. 114. Find the cost price of each article ‘A’.

A) Rs. 12

B) Rs. 16

C) Rs. 24

D) Rs. 18

Take the Test of SSC CGL Profit and Loss

Practicing the profit and loss for SSC CGL is very important, and it will be best if you practice the questions that match the level of the SSC CGL exam and provide you with the feel of the real exam environment. Below, we have provided the free quiz on the SSC CGL profit and loss and other topic-wise tests. So, click on the link and check your profit and loss preparation level.

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