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← Index: Profit & Loss — Complete Exam Mastery GuideChapter 18
Study Guide · Chapter 18

5. Practice Question Set A — Basic Level (20 MCQs)

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This set mirrors the difficulty level typically seen in SSC MTS, RRB Group D, and the easier half of CHSL/CGL Tier-I papers — each question tests a single formula or a single two-step application, and none require combining more than one concept from Section 2. Aim to complete all 20 in 10–13 minutes on your first attempt, and under 8 minutes on a repeat attempt once the shortcuts from Section 3 feel natural. Attempt every question before checking the answer key in Section 7 — guessing intelligently from the options (Trick 13) is itself a skill worth practising here.

A1. [CP/SP basic] The cost price of an article is Rs 450, and it is sold for Rs 540. Find the profit percentage. (a) 15% (b) 18% (c) 20% (d) 25%

A2. [CP→SP] A CP of Rs 750 is sold at a loss of 12%. Find the SP. (a) Rs 640 (b) Rs 650 (c) Rs 660 (d) Rs 670

A3. [SP→CP] An article is sold for Rs 690, yielding a profit of 15%. Find the CP. (a) Rs 580 (b) Rs 590 (c) Rs 600 (d) Rs 610

A4. [MP/Discount] An article marked at Rs 1200 is sold after a discount of 20%. Find the SP. (a) Rs 900 (b) Rs 940 (c) Rs 950 (d) Rs 960

A5. [MP/Discount reverse] After a discount of 15%, an article is sold for Rs 476. Find its marked price. (a) Rs 540 (b) Rs 550 (c) Rs 560 (d) Rs 570

A6. [SP→CP, loss] An article sold for Rs 720 results in a loss of 10%. Find its cost price. (a) Rs 780 (b) Rs 790 (c) Rs 800 (d) Rs 810

A7. [Successive Discount] A marked price of Rs 2500 receives successive discounts of 10% and 20%. Find the SP. (a) Rs 1750 (b) Rs 1800 (c) Rs 1850 (d) Rs 1900

A8. [False Weight] A dealer sells goods at cost price but uses a weight of 900 g in place of 1 kg. Find his profit percentage. (a) 10% (b) 100/9% (c) 12% (d) 9%

A9. [CP:SP ratio] The ratio of CP to SP of an article is 5:6. Find the profit percentage. (a) 15% (b) 16⅔% (c) 20% (d) 22%

A10. [SP change] Selling an article for Rs 396 results in a loss of 10%. At what price should it be sold to gain 10%? (a) Rs 470 (b) Rs 475 (c) Rs 480 (d) Rs 484

A11. [CP=100 method] If the cost price of 15 articles equals the selling price of 12 articles, find the profit percentage. (a) 20% (b) 25% (c) 30% (d) 33⅓%

A12. [Markup+Discount] A shopkeeper marks his goods 40% above cost price and allows a discount of 10%. Find his profit percentage. (a) 24% (b) 25% (c) 26% (d) 30%

A13. [Successive discount, equal] Find the single discount equivalent to two successive discounts of 10% and 10%. (a) 18% (b) 19% (c) 20% (d) 21%

A14. [CP→SP, loss] A watch bought for Rs 1500 is sold at a loss of 8%. Find the selling price. (a) Rs 1360 (b) Rs 1370 (c) Rs 1380 (d) Rs 1390

A15. [Same SP, equal % trap] Two articles are sold at Rs 2400 each — one at 20% profit and the other at 20% loss. Find the overall profit or loss percentage. (a) No profit no loss (b) 2% loss (c) 4% loss (d) 4% profit

A16. [CP/SP basic] The cost price of an item is Rs 680, and it is sold for Rs 782. Find the profit percentage. (a) 12% (b) 15% (c) 18% (d) 20%

A17. [MP/Discount] An article marked at Rs 950 is sold after a discount of 12%. Find the selling price. (a) Rs 826 (b) Rs 836 (c) Rs 846 (d) Rs 856

A18. [Successive Discount] A marked price of Rs 2000 receives successive discounts of 10% and 5%. Find the SP. (a) Rs 1690 (b) Rs 1700 (c) Rs 1710 (d) Rs 1720

A19. [False Weight] A dealer professes to sell at cost price but uses a weight of 800 g in place of 1 kg. Find his profit percentage. (a) 20% (b) 25% (c) 30% (d) 33.33%

A20. [Same SP, equal % trap] Two articles are sold at the same price of Rs 1250 each — a profit of 15% is made on one, and a loss of 15% on the other. Find the overall loss percentage. (a) 1.5% (b) 2% (c) 2.25% (d) 3%


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