Profit and Loss Practice Test 36 is a challenging long practice set of 40 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 36 in the Profit and Loss series on TestMint. This is a paid test priced at ₹79; a small convenience fee applies at checkout.
What this test covers
- Profit and Loss: 40 questions
Question topics include Profit & Loss.
Test details
| Questions | 40 |
|---|---|
| Duration | 60 minutes |
| Marks | 1 per question, 40 in total |
| Negative marking | 0.25 mark for each wrong answer |
| Difficulty | Mostly challenging |
| Access | ₹79 |
A sample question from this test
A shopkeeper buys an article for ₹619 and sells it at a loss of 15%. Find the selling price.
- 631.38
- 526.15
- 578.77
- 473.53
Answer: B. 526.15. SP = CP × (100 − loss%) ÷ 100 = 619 × 85 ÷ 100 = ₹526.15.
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 hard, with multi-step questions, so treat it as a stretch: attempt the questions you can see a method for first and return to the rest. At 40 questions in 60 minutes, you have about 90 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.