What is the best strategy to master Profit, Loss and Discount questions?

Begin by memorizing the core formulas and derivation steps in Profit, Loss and Discount. Practice calculation shortcuts to solve problems within 45 seconds, and solve topic-wise mock tests for SSC CGL and SBI PO & Clerk.

Are these Profit, Loss and Discount questions based on official previous year papers?

Yes, our question database contains previous year exam questions (PYQs) and high-probability model questions curated from SSC CGL, SBI PO & Clerk, IBPS PO, RRB NTPC papers.

Is access to Profit, Loss and Discount practice questions and solutions free?

Yes, 100% of the questions, answer keys, and detailed solutions for Profit, Loss and Discount on GkGet are completely free for all students.

Can I attempt timed quizzes specifically for Profit, Loss and Discount?

Yes, you can attempt topic-wise mock tests with real examination countdown timers, negative marking, and detailed performance analytics in our Test Series portal.

MathematicsTopic Question Bank50+ Solved MCQsUpdated October 2026👁️ 3.8k Topic Views

Profit, Loss and Discount Questions & Answers

Master problem-solving techniques, shortcut tricks, and formulas for Profit, Loss and Discount. Solve graded practice questions with complete step-by-step mathematical solutions.

Relevant Exams:SSC CGLSBI PO & ClerkIBPS PORRB NTPCCAT / MBA

💡

Profit, Loss and Discount — Key Concepts & Shortcuts

•Master core formulas and fundamental algebraic/arithmetic principles for Profit, Loss and Discount.
•Apply approximation techniques and calculation shortcuts to solve problems within 45 seconds.
•Practice 2-tier questions and review step-by-step derivations for complex problems.

Practice Questions for Profit, Loss and Discount

18+ Solved MCQs

Page 10 · Click any question to reveal correct answer and full explanation

163

If the marked price of a watch is ₹2,800, then the difference between a single discount of 25% and two successive discounts of 20% and 5% on the same amount (in ₹) is:

English LanguageView Correct Answer & Explanation

Profit, Loss and Discount Questions & Answers

Profit, Loss and Discount — Key Concepts & Shortcuts

Practice Questions for Profit, Loss and Discount

If the marked price of a watch is ₹2,800, then the difference between a single discount of 25% and two successive discounts of 20% and 5% on the same amount (in ₹) is:

A discount of 20% is offered on a dress whose marked price is Rs. 800 while a discount of 15% is offered on a pair of trousers whose marked price is Rs. 1200. If I buy three dresses worth Rs. 800 each and two pairs of trousers, what will be the effective discount I will get?

In a general store, the marked price of a pack of 5 kg wheat flour is ₹220. The store owner sells it for ₹200. What is the percentage of discount given by the store owner? (Correct up to two decimal places)

A man sold a sweater at a loss of 10% for ₹900. He also sold a pair of trousers at a profit of 25% for ₹760. Find his net profit or loss (in ₹).

A shopkeeper marks the price of an item at ₹x and offers a discount of 38% on it. He sells it at a discounted price of ₹372 after charging 60% VAT. What is the value of x?

In a sale, a trader offers several discount schemes. Choose the scheme that provides the highest discount from the following options.

A retailer buys an electronic item for ₹175. His overhead expenses are ₹25. He sells the electronic item for ₹340 and makes x% profit. The value of x is:

A dinner set is sold at ₹9,775 after giving a discount of 15%. What is the marked price of the dinner set?

A bicycle marked at Rs. 1,500 is sold for Rs. 1,350. What is the percentage of discount?

A salesman offers the following promotional scheme on pencils in his shop: 'Buy 20 and get 5 free'. What is the effective percentage discount offered under this scheme?

The marked price of an article is Rs. 800 and a customer buys it for Rs. 612 after two successive discounts. If the second discount is 15%, find the first discount percentage.

Find a single discount equivalent to two successive discounts of 20% and 30%.

A sewing machine with a marked price of Rs 400 was being sold at a 10% discount for cash payment. During a stock clearance sale, a further successive discount was offered such that the machine was finally sold for Rs 342. What was the second discount percentage offered?

Two successive discounts of 12% and 15% on any number of toys bought are equivalent to a single discount of:

A bag marked at ₹80 is sold for ₹68. The rate of discount is:

The marked price of a fan is ₹620. Due to the off-season, a discount of 15% is allowed. The selling price of the fan is:

A shopkeeper offered successive discounts of 10% and 15% on an article with a marked price of Rs. 28,000. Find the selling price of the article.

Two successive discounts of 40% and 60% on an item are equivalent to a single discount of:

Frequently Asked Questions on Profit, Loss and Discount