Profit and Loss Practice Test 38 is a challenging short drill of 15 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 38 in the Profit and Loss series on TestMint. This test is free to attempt.
What this test covers
- Profit and Loss: 15 questions
Question topics include Profit & Loss.
Test details
| Questions | 15 |
|---|---|
| Duration | 25 minutes |
| Marks | 1 per question, 15 in total |
| Negative marking | None |
| Difficulty | Mostly challenging |
| Access | Free |
A sample question from this test
A shopkeeper buys an article for ₹816 and sells it at a gain of 25%. Find the selling price.
- 918
- 1,224
- 1,020
- 1,122
Answer: C. 1,020. SP = CP × (100 + gain%) ÷ 100 = 816 × 125 ÷ 100 = ₹1,020.
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 15 questions in 25 minutes, you have about 100 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.