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Profit and Loss

Quantitative Aptitude · Maths Bookwise · Commercial Arithmetic

Useful for: SSC CGL

BOOK-GUIDED ORIGINAL SSC MATHS PRACTICE — Profit and Loss

FOUNDATION

SP = CP × (100 + gain%)/100 for gain.

METHOD

Identify the quantities given, choose the exact relationship, calculate in the same unit, then check the answer against the question.

WORKED EXAMPLE 1

An article costs ₹1400 and is sold at 10% profit. Find selling price (₹).

SP = CP × (100 + gain%)/100 = 1400 × 110/100 = ₹1540.

WORKED EXAMPLE 2

An article costs ₹4700 and is sold at 35% profit. Find selling price (₹).

SP = CP × (100 + gain%)/100 = 4700 × 135/100 = ₹6345.

IMPORTANT EXCEPTION / COMMON TRAP

Profit percentage is normally calculated on cost price.

QUICK REVISION

SP = CP × (100 + gain%)/100 for gain.

SEE MORE: https://study.kundali-iq.com/ssc-maths/profit/

For complete timed maths practice, use SSC CGL Test Series → New Maths 100 Mixed Sets or Chapter-wise sets. These are independent original questions, not copied previous-year questions.

Practice MCQs

  1. An article costs ₹1400 and is sold at 10% profit. Find selling price (₹).

    1. 1540
    2. 1438
    3. 1744
    4. 1642

    Read chapter notes · Similar questions

    Show answer

    Answer: (a) 1540. SP = CP × (100 + gain%)/100 = 1400 × 110/100 = ₹1540.

  2. An article costs ₹4700 and is sold at 35% profit. Find selling price (₹).

    1. 5922
    2. 6345
    3. 7191
    4. 6768

    Read chapter notes · Similar questions

    Show answer

    Answer: (b) 6345. SP = CP × (100 + gain%)/100 = 4700 × 135/100 = ₹6345.

  3. An article costs ₹5400 and is sold at 15% profit. Find selling price (₹).

    1. 5796
    2. 6210
    3. 7038
    4. 6624

    Read chapter notes · Similar questions

    Show answer

    Answer: (b) 6210. SP = CP × (100 + gain%)/100 = 5400 × 115/100 = ₹6210.

  4. An article costs ₹3600 and is sold at 12% profit. Find selling price (₹).

    1. 4032
    2. 3764
    3. 4300
    4. 4568

    Read chapter notes · Similar questions

    Show answer

    Answer: (a) 4032. SP = CP × (100 + gain%)/100 = 3600 × 112/100 = ₹4032.

  5. An item costs ₹750 and sells for ₹900. What is the profit percentage on cost price

    1. 18%
    2. 15%
    3. 25%
    4. 20%

    Read chapter notes · Similar questions

    Show answer

    Answer: (d) 20%. Profit = 900 − 750 = 150; profit percentage = (150/750) × 100 = 20%.

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Notes and questions are written by Kundali IQ for practice. They are not official papers; always check the latest official notification for the syllabus and pattern.