Profit and Loss Practice Test 31 is a moderate sectional-style set of 25 multiple-choice questions on profit and loss, created by Xigma Academy for candidates preparing for SSC CGL and other staff-selection and government recruitment exams. It is test 31 in the Profit and Loss series on TestMint. This is a paid test priced at ₹49; a small convenience fee applies at checkout.
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 moderate |
| Access | ₹49 |
A sample question from this test
A shopkeeper buys an article for ₹309 and sells it at a loss of 12%. Find the selling price.
- 271.92
- 299.11
- 244.73
- 326.30
Answer: A. 271.92. SP = CP × (100 − loss%) ÷ 100 = 309 × 88 ÷ 100 = ₹271.92.
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 mixes straightforward questions with a few that need an extra step, so it works well as a checkpoint once the basics are comfortable. 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.