Profit & Loss
SSC GD Self-Paced Course
1. Basic Terms
✔ Cost Price (CP)
The price at which an article is purchased.
✔ Selling Price (SP)
The price at which an article is sold.
✔ Profit (Gain)
When SP > CP
Profit = SP - CP
✔ Loss
When CP > SP
Loss = CP - SP
2. Profit% and Loss%
Profit Percentage
Profit% = (Profit / CP) × 100
Loss Percentage
Loss% = (Loss / CP) × 100
3. Selling Price (SP) Formulas
If Profit% = P
SP = CP × (1 + P/100)
If Loss% = L
SP = CP × (1 - L/100)
4. Cost Price (CP) Formulas
If Profit% = P
CP = (SP × 100) / (100 + P)
If Loss% = L
CP = (SP × 100) / (100 - L)
5. Marked Price (MP) & Discount
✔ Discount (D)
Discount = MP - SP
Discount% = (Discount / MP) × 100
6. Successive Profit/Loss
If two gains of a% and b%
Net Gain% = a + b + (a×b)/100
If one gain a% and one loss b%
Net result = a - b - (a×b)/100
7. Important Short Tricks
Selling at x% loss is same as buying at x% gain
If article sold at loss% → same as CP × (100 - L)/100
If article sold at profit% → same as CP × (100 + P)/100
Practice Section
Test your profit & loss concepts with these SSC GD level practice questions. Click on "View Answer" to check your understanding.
Q1. CP = ₹600, SP = ₹750. Find profit%.
View Answer
Profit = 150 → (150/600 × 100 = 25%)
Q2. SP = ₹480, Loss = 20%. Find CP.
View Answer
CP = (480 × 100)/80 = 600
Q3. A man buys a toy for ₹350 and sells for ₹420. Find gain%.
View Answer
Profit = 70 → (70/350 × 100 = 20%)
Q4. CP = ₹1200, Loss = 25%. Find SP.
View Answer
SP = 1200 × (1 - 25/100) = 900
Q5. SP = ₹880, Profit = 10%. Find CP.
View Answer
CP = (880 × 100)/110 = 800
Q6. MP = ₹1500, Discount = 20%. Find SP.
View Answer
Discount = 300 → SP = 1200
Q7. CP = ₹500. Sold at 12% loss. Find SP.
View Answer
SP = 500 × (1 - 0.12) = 440
Q8. SP = ₹720 after giving 10% discount. Find MP.
View Answer
MP = (720 × 100)/90 = 800
Q9. Two successive profits of 10% and 20%. Find net profit%.
View Answer
10 + 20 + (10×20)/100 = 32%
Q10. A trader sells an item at 25% gain. If CP = ₹640, find SP.
View Answer
SP = 640 × 1.25 = ₹800
Q11. A shopkeeper earns 15% profit after giving 10% discount on MP 1000. Find CP.
View Answer
SP = 900, CP = 900/1.15 = ₹782.60
Q12. CP of 20 pens = ₹200. Sold each pen at ₹15. Find profit%.
View Answer
SP total = 15 × 20 = 300, Profit = 100, Profit% = 100/200 × 100 = 50%
Q13. A shopkeeper faces 25% loss. If CP = ₹240, find SP.
View Answer
SP = 240 × 0.75 = ₹180
Q14. A man buys a phone at 8000 and sells at 7400. Find loss%.
View Answer
Loss = 600, Loss% = 600/8000 × 100 = 7.5%
Q15. After 20% discount, SP = ₹1040. Find MP.
View Answer
MP = (1040 × 100)/80 = 1300
✅ SSC GD Exam Strategy
🟢 Memorize basic profit/loss formulas for quick calculations
🟢 Practice successive profit/loss scenarios
🟢 Master discount and marked price calculations
🟢 Learn to quickly find CP from SP and profit/loss%
🟢 Time yourself - aim for 45-60 seconds per profit & loss question
You've completed Profit & Loss Concepts!
SSC GD Tip: Profit & Loss is a frequently asked topic in the quantitative section. Focus on mastering the basic formulas for profit percentage, loss percentage, and the relationship between CP, SP, and MP. Remember to practice successive profit/loss scenarios and discount calculations as they are common in SSC exams. Regular practice with previous year SSC GD questions will build your speed and accuracy in solving profit & loss problems quickly.
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