Profit, Loss & Discount Practice Questions

In the previous chapters, we covered the concepts of Profit and Loss, Discount, Marked Price, GST, Dishonest Shopkeeper, and Successive Discount along with their formulas, shortcuts, and solved examples.

Now it’s time to test your understanding by solving a variety of questions in one place. This practice set includes MCQs, True or False, Fill in the Blanks, and Word Problems based on all the important concepts of Profit, Loss and Discount.

Try to solve every question on your own before checking the answers. If you get stuck, revisit the relevant chapter, understand the concept and formulas, and then attempt the question again. 

The answer key is provided at the end of the page, so avoid looking at it until you have completed the entire practice test.

By the end of this practice set, you’ll have the confidence to solve questions asked in your school examinations as well as SSC, RRB, Banking, Defence, NDA, CDS, CUET, and other competitive exams.

So, let us start with the Profit, Loss and Discount Practice Questions. Check our Practice Questions for SSC, RRB, Banking, Defence & Other Competitive Exams section for more questions to practice and build your math foundation.

Profit, Loss & Discount MCQs

Question 1

After clearing the SSC CGL Examination, Neera sold her old mathematics books for ₹1,200. She had originally purchased them for ₹1,000. What is her profit percentage?

A. 10%  B. 15%  C. 20%  D. 25%

Question 2

Rahul purchased SSC CHSL preparation books for ₹800 and later sold them to his friend for ₹720. What is the loss percentage?

A. 8%  B. 10%  C. 12%  D. 15%

Question 3

The marked price of an IBPS PO preparation book set is ₹2,000. The bookstore offers a 10% discount. How much discount will the buyer receive?

A. ₹150  B. ₹180  C. ₹200  D. ₹220

Question 4

A stationery shop near Amausi Metro Station, Lucknow, marked a scientific calculator at ₹1,500 and offered a 20% discount. What is the selling price?

A. ₹1,100  B. ₹1,200  C. ₹1,250  D. ₹1,300

Question 5

A souvenir shop inside Terminal 3 of IGI Airport, New Delhi, marked a travel neck pillow at ₹2,000 and offered a 10% discount. How much does the customer have to pay?

A. ₹1,700  B. ₹1,750  C. ₹1,800  D. ₹1,900

Question 6

Saini Sweets, Hisar, purchased a batch of sweet boxes for ₹8,000 and sold them for ₹10,000. What is the profit percentage?

A. 20%  B. 22%  C. 25%  D. 30%

Question 7

A dealer purchased Tata Steel structural steel sections for ₹50,000 and later sold them for ₹45,000. What is the loss percentage?

A. 8%  B. 10%  C. 12%  D. 15%

Question 8

A tea stall near Dehri-on-Sone Railway Station bought tea packets for ₹400 and sold them for ₹500. What is the profit percentage?

A. 20%  B. 22%  C. 25%  D. 30%

Question 9

A food stall near the Lucknow–Unnao route offered a 25% discount on a snack bill of ₹600. How much did the customer pay after the discount?

A. ₹400  B. ₹425  C. ₹450  D. ₹500

Question 10

A passenger travelling on the Tejas Express purchased a travel bag with a marked price of ₹2,400. The onboard store offered a 25% discount. What is the selling price of the bag?

A. ₹1,700  B. ₹1,750  C. ₹1,800  D. ₹1,900

Question 11

A student of IIT Kanpur purchased a scientific calculator with a marked price of ₹3,000. The shopkeeper offered a 20% discount. What was the selling price?

A. ₹2,200  B. ₹2,300  C. ₹2,400  D. ₹2,500

Question 12

After qualifying the NEET Examination, Riya purchased medical books for ₹4,000 and sold them to her juniors for ₹4,600. What was her profit percentage?

A. 12%  B. 15%  C. 18%  D. 20%

Question 13

An SSC MTS aspirant purchased a study table for ₹5,000. The shopkeeper first offered a 10% discount and then charged 18% GST on the discounted price. How much did the aspirant finally pay?

A. ₹5,100  B. ₹5,250  C. ₹5,310  D. ₹5,400

Question 14

An Agniveer (Indian Navy) candidate bought sports shoes with a marked price of ₹2,500. The shopkeeper offered a 20% discount. The candidate later sold the shoes for ₹2,200.

What was the profit percentage?

A. 8%  B. 10%  C. 12%  D. 15%

Question 15

A candidate preparing for NABARD Recruitment purchased a financial calculator for ₹2,400. He sold it at a 20% profit.

What was the selling price?

A. ₹2,760  B. ₹2,800  C. ₹2,880  D. ₹3,000

Question 16

A Section Controller in Indian Railways purchased a laptop for ₹60,000. He sold it for ₹54,000.

What was the loss percentage?

A. 8%  B. 10%  C. 12%  D. 15%

Question 17

A handicraft shop in Motihari, Bihar, marked a Madhubani painting at ₹3,200. During a festival sale, it offered a 25% discount.

What was the selling price?

A. ₹2,200  B. ₹2,300  C. ₹2,400  D. ₹2,500

Question 18

A souvenir shop near Sarnath, Varanasi, purchased a Buddha statue for ₹2,500 and sold it for ₹3,000.

What was the profit percentage?

A. 18%  B. 20%  C. 22%  D. 25%

Question 19

After receiving the salary revision from the 7th CPC, a government employee purchased a smartphone with a marked price of ₹25,000. The shopkeeper offered a 10% discount.

How much money did the employee save?

A. ₹2,000  B. ₹2,250  C. ₹2,500  D. ₹2,750

Question 20

A candidate selected as a Station Master through the RRB NTPC Examination purchased a suitcase with a marked price of ₹4,000. The shopkeeper offered a 15% discount, and then 18% GST was charged on the discounted price.

What was the final amount paid?

A. ₹4,012  B. ₹4,050  C. ₹4,100  D. ₹4,150

Question 21

The Deputy Commissioner of Kaithal purchased office furniture with a marked price of ₹80,000. The supplier offered a 15% discount, after which 18% GST was charged.

What was the final amount paid?

A. ₹80,240  B. ₹80,360  C. ₹80,260  D. ₹80,420

Question 22

A newly recruited Indian Police constable purchased a uniform kit with a marked price of ₹6,000. The shopkeeper first offered a 20% discount and then a 10% discount.

What was the equivalent discount?

A. 26%  B. 27%  C. 28%  D. 30%

Question 23

An investor sold his Sensex ETF units for ₹1,08,000, earning a 20% profit.

What was the cost price?

A. ₹88,000  B. ₹89,000  C. ₹90,000  D. ₹92,000

Question 24

A student of Doon Public School purchased books with a marked price of ₹3,500. A 20% discount was offered, and 5% GST was charged on the discounted price.

What was the final amount paid?

A. ₹2,920  B. ₹2,940  C. ₹2,960  D. ₹2,980

Question 25

While travelling from Kathgodam to Nainital, a tourist purchased a jacket with a marked price of ₹5,000. The shopkeeper offered 10% and 20% successive discounts.

What was the final selling price?

A. ₹3,500  B. ₹3,600  C. ₹3,700  D. ₹3,800

Question 26

A shop near Moradabad Railway Station purchased luggage bags for ₹2,500 each and sold them at a 12% profit.

What was the selling price of one bag?

A. ₹2,700  B. ₹2,750  C. ₹2,800  D. ₹2,850

Question 27

A student of MNNIT Allahabad purchased a laptop for ₹60,000 after receiving a 25% discount on the marked price.

What was the marked price of the laptop?

A. ₹75,000  B. ₹78,000  C. ₹80,000  D. ₹82,000

Question 28

A Civil Contractor in Pratapgarh purchased office chairs for ₹48,000 and sold them to another person at a loss of 12.5%.

What was the selling price?

A. ₹41,000  B. ₹42,000  C. ₹43,000  D. ₹44,000

Question 29

A student purchased MathsByNITian books having a marked price of ₹4,000. The publisher offered a 25% discount, after which 5% GST was charged.

How much did the student finally pay?

A. ₹3,100  B. ₹3,125  C. ₹3,150  D. ₹3,200

Question 30

A gift shop near the upcoming Noida International Airport (Jewar Airport) offered 10%, 20%, and 10% successive discounts on a premium travel bag.

What is the equivalent discount percentage?

A. 34.2%  B. 35.0%  C. 35.2%  D. 36.0%

Profit, Loss & Discount True or False

Question 1 

A shop near Amausi Airport, Lucknow, purchased a travel bag for ₹2,000 and sold it for ₹2,400. The shopkeeper earned a 20% profit.

□ True  □ False

Question 2 

An Inductotherm induction furnace manufacturer purchased a spare component for ₹50,000 and sold it for ₹45,000. The company incurred a 12% loss.

□ True  □ False

Question 3

An officer who recently joined the Income Tax Department sold a laptop for ₹36,000 after earning a 20% profit. The cost price of the laptop was ₹30,000.

□ True  □ False

Question 4 

A newly appointed Assistant Audit Officer (AAO) through the SSC CGL Examination purchased a study table for ₹8,000 after receiving a 20% discount. Therefore, its marked price was ₹9,600.

□ True  □ False

Question 5

After getting promoted from Assistant Loco Pilot (ALP) to Senior Loco Pilot, Amit purchased a refrigerator with a marked price of ₹40,000. A 10% discount was offered, so he paid ₹36,000.

□ True  □ False

Question 6

After the increase in Dearness Allowance (DA), a government employee purchased a washing machine with a marked price of ₹30,000. A 10% discount was offered first, and then 18% GST was charged. The final amount paid was ₹31,860.

□ True  □ False

Question 7

After clearing the SSC CGL Examination, Rohan sold his SSC CHSL preparation books. He purchased them for ₹1,500 and sold them for ₹1,800. Therefore, he earned a 25% profit.

□ True  □ False

Question 8

New recruits at the Indian Military Academy (IMA) purchased a backpack with a marked price of ₹5,000. The shopkeeper offered 10% and 20% successive discounts, so the final price became ₹3,600.

□ True  □ False

Question 9 

After a petrol price hike, a helmet shop announced 10%, 20%, and 10% successive discounts on helmets. The equivalent discount was 34.2%.

□ True  □ False

Question 10

After the LPG cylinder price hike, a kitchen appliance store offered 20% and 10% successive discounts on a gas stove. The equivalent discount is 28%.

□ True  □ False

Profit, Loss & Discount Fill in the Blanks

Question 1

The ticket price of Mehrangarh Fort, Jodhpur, after a 20% discount was ₹800. The original ticket price was ₹__________.

Question 2

A guest booked a room at Taj Lake Palace, Udaipur, with a tariff of ₹40,000. After a 10% discount, 18% GST was charged on the discounted price. The final amount paid was ₹__________.

Question 3

Charan Kamal Hotel, Udaipur, offered 10%, 20%, and 10% successive discounts on a banquet package with a marked price of ₹50,000. The final amount payable was ₹__________.

Question 4

A student of Harcourt Butler Technical University (HBTU), Kanpur, sold his laptop for ₹66,000 after earning a 10% profit. The cost price of the laptop was ₹__________.

Question 5

While travelling from Prayagraj to Deen Dayal Upadhyaya Junction, a passenger purchased a trolley bag with a marked price of ₹5,000. The shopkeeper offered a 20% discount, after which 18% GST was charged. The final amount paid was ₹__________.

Question 6

A traveller going from Haldwani to Bareilly purchased a bicycle for ₹24,000 and later sold it for ₹21,600. The loss percentage was __________%.

Question 7

A customer purchased Tanishq Gold Jewellery for ₹2,40,000 and later sold it for ₹2,76,000. The profit percentage was __________%.

Question 8

A luggage shop near Charbagh Railway Station, Lucknow, marked a suitcase at ₹8,000. It offered 25% and 20% successive discounts. The customer finally paid ₹__________.

Profit, Loss & Discount Word Problems

Question 1

A textile outlet inside the historic Lal Imli Mill, Kanpur, marked a premium woollen blazer at ₹8,000. During the winter sale, the shopkeeper offered a 15% discount, after which 12% GST was charged on the discounted price. If the shopkeeper had purchased the blazer for ₹6,500, calculate the actual profit percentage earned after collecting the selling price before GST.

Question 2

During the Magh Mela, Prayagraj, a handicraft stall displayed a wooden souvenir with a marked price of ₹5,000. To attract visitors, the seller announced 10%, 15%, and 20% successive discounts.

Find: 1. The final selling price. 2. The equivalent discount percentage.

Question 3

A family shopping at Celebration Mall, Udaipur, purchased a microwave oven for ₹27,000 after receiving a 10% discount on the marked price. The invoice clearly showed that the discount was applied before billing.

Find the marked price of the microwave.

Question 4

A store inside Rave Moti Mall, Kanpur, purchased a branded smartwatch for ₹18,000. It was marked 25% above the cost price, but during a festive sale the store offered a 10% discount on the marked price.

Find the profit percentage actually earned by the store.

Question 5

A student booked four movie tickets through BookMyShow, each having a marked price of ₹350. He received a 20% promotional discount on the total ticket value. After the discount, 18% GST was charged.

Find the final amount payable.

Question 6

A customer purchased branded clothes worth ₹12,000. The showroom first offered a 20% festive discount. The customer then received an additional 10% instant discount by making the payment through PhonePe.

Find: 1. The final amount paid. 2. The equivalent discount percentage.

Question 7

While travelling on the Ganga Expressway from Meerut to Prayagraj, Rohit stopped at a premium luggage store and purchased a trolley suitcase with a marked price of ₹6,000. The shopkeeper offered a 15% discount, after which 18% GST was charged on the discounted price.

Find the final amount paid by Rohit.

Question 8

While travelling from Haridwar to Garhmukteshwar, a tourist purchased a bicycle for sightseeing. After completing the trip, he sold the bicycle for ₹16,800, thereby earning a 20% profit.

Find the cost price of the bicycle.

Question 9

A candidate who recently joined as an RRB Section Controller purchased a premium office chair. The dealer bought the chair for ₹12,000 and marked it 30% above the cost price. During the inaugural offer, the dealer gave a 10% discount on the marked price.

Find the profit percentage actually earned by the dealer.

Question 10

A passenger travelling on the Vande Bharat Express from Varanasi to Kanpur purchased a smartwatch at the station’s electronics store. The marked price of the smartwatch was ₹10,000. The store first offered a 20% festive discount and then an additional 10% digital payment discount. After these discounts, 18% GST was charged.

Find the final amount payable.

Question 11 

A Domino’s outlet incurred a food cost of ₹900 for preparing three large pizzas and sold them for ₹1,170 (before GST). Find the profit percentage earned on the sale.

Question 12

During the Holi Celebration Sale, Burger King announced three successive discounts of 15%, 10%, and 20% on its Family Feast Combo having a marked price of ₹2,500.

Find: 1. The final selling price. 2. The equivalent discount percentage.

Important Resources Related to Profit, Loss & Discount

1. Profit, Loss & Discount Practice Questions
2. Profit & Loss Questions with Answers and Solutions
3. Profit, Loss and Discount: Formula, Questions, Tricks & Examples for SSC, RRB
4. Profit, Loss and Discount Formulas: Complete Formula Sheet for SSC, RRB, Banking & Defence Exams
5. Successive Discount Questions with Answers and Solutions
6. Marked Price Questions with Answers and Solutions
7. GST Questions with Answers and Solutions
8. Discount Questions with Answers and Solutions
9. Percentage Practice Questions with Answers | MCQs, Quiz & Practice Set
10. Ratio and Proportion Practice Questions with Answers
11. Profit, Loss & Discount PYQs SSC, RRB, Banking & Defence Exams (Solved)
12. Simple Interest & Compound Interest Practice Questions

Answer Keys:

Answer Key MCQs

Answer Key True/False

Answer Key Fill in the Blanks

Answer Key Word Problems