Profit and Loss Practice Test 24 is an easy sectional-style set of 25 multiple-choice questions on profit and loss, created by ReadyGo Learn for candidates preparing for SSC CGL and other staff-selection and government recruitment exams. It is test 24 in the Profit and Loss series on TestMint. This test is free to attempt.
What this test covers
- Profit and Loss: 25 questions
Question topics include Profit & Loss.
Test details
| Questions | 25 |
|---|---|
| Duration | 40 minutes |
| Marks | 1 per question, 25 in total |
| Negative marking | 0.25 mark for each wrong answer |
| Difficulty | Mostly easy |
| Access | Free |
A sample question from this test
A shopkeeper buys an article for ₹182 and sells it at a loss of 25%. Find the selling price.
- 122.85
- 163.80
- 136.50
- 150.15
Answer: C. 136.50. SP = CP × (100 − loss%) ÷ 100 = 182 × 75 ÷ 100 = ₹136.50.
How to approach this test
Profit and loss percentages are always on the cost price, and a discount is always on the marked price. Write which one each number refers to before you start.
This set leans easy, so use it to confirm that you can solve the basic pattern accurately before you move to harder sets. At 25 questions in 40 minutes, you have about 96 seconds per question on average. After you submit, review every wrong or guessed answer using the explanations.
Keep practising
Continue with the Profit and Loss practice page, all SSC CGL mock tests, free mock tests, a guide to preparing this topic and how to review your mistakes.