Profit/Loss & Discount

JKSSB Panchayat Account Assistant · Mathematics · 37 practice questions with answers and explanations: 13 Easy, 12 Medium, 12 Hard.

Sample questions

Sample Easy question 1

A shirt marked at Rs. 500 is sold after a 10% discount. Find the selling price.

  1. 430
  2. 440
  3. 450
  4. 460
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Answer: C. Discount = 50, selling price = 500 - 50 = 450.

Sample Medium question 2

A shopkeeper marks an article 40% above its cost price of Rs. 300 and then gives a 10% discount on the marked price. Find his profit percentage.

  1. 20%
  2. 24%
  3. 26%
  4. 30%
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Answer: C. Marked price = 300 × 1.40 = 420. Selling price = 420 × 0.90 = 378. Profit % = (378-300)/300 × 100 = 26%.

Sample Hard question 3

A man sold an article at a 15% loss. Had he sold it for Rs. 180 more, he would have gained 5%. Find the cost price.

  1. 850
  2. 880
  3. 900
  4. 920
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Answer: C. The 20% difference in price equals Rs. 180, so cost price = 180/0.20 = 900.

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