Profit and Loss for SSC GD | Concepts & Practice

Learn the shortcut

Understand the fastest pattern for this topic before you attempt full MCQs.

Avoid common traps

See where students commonly lose marks so you can eliminate bad options earlier.

Solve faster in exam

Apply one practical method before attempting MCQs and cut down hesitation.

Summary Formula Tricks Mistakes Solved Example Practice FAQ

Profit and Loss revision for SSC GD: understand the base rule, apply the correct formula or relation, check common traps, then practise with approved questions.

Profit and Loss compares selling price with cost price. Profit or loss percentage normally uses cost price as the base, while discount uses marked price.

SSC GD focus: Solve the core method first, then use the approved practice questions on this page to build exam-speed accuracy.

Profit and Loss revision rule: concept → formula/relation → one worked example → timed practice → error review.

Core concept
Key formula/relation
Common trap
Approved practice

Profit = SP-CP
Loss = CP-SP
Profit% = Profit/CP ×100
Loss% = Loss/CP ×100

At p% profit, SP:CP=(100+p):100. At p% loss, SP:CP=(100-p):100.

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You can start learning here right away, explore formulas and tricks, and use the current limited practice flow before premium tools arrive.

Read the exact requirement before choosing a shortcut.
Keep units, signs and percentage bases consistent.
Use the final few seconds to verify direction and magnitude.

Using a memorised shortcut without checking its condition.
Skipping unit or base conversion.
Doing long arithmetic before identifying the underlying relation.

Practice example: A shopkeeper buys an article for Rs. 800 and sells it for Rs. 920. Find the profit percentage.

Solution: Profit = 920 - 800 = Rs. 120. Profit% = 120/800 x 100 = 15%.

An article marked at Rs. 1600 is sold at a discount of 12.5%. If its cost price is Rs. 1250, what is the profit percentage?
An article is sold for Rs. 1840 after an 8% loss. What was its cost price?
An article is marked 25% above cost price and sold at a 12% discount on marked price. What is the profit percentage?

Learn the shortcut first

Shortcut before you solve

Do not jump into percentages until the basic amount relation is clear.

Faster solving steps

Use this 4-step method before solving to keep your thinking fast and repeatable.

Step 1 Identify relation

Spot the pattern, relationship, or core idea first.

Step 2 Apply same pattern

Use the same rule instead of re-solving from scratch.

Step 3 Eliminate wrong options

Remove confusing choices before comparing the last few.

Step 4 Confirm final answer

Pick the option that matches the shortcut most cleanly.

Practice Questions

Start with the first 10 questions free, then unlock the rest with premium

Now apply the trick on real questions

Use the shortcut above before solving these questions

Write CP and SP first, then use Profit = SP - CP or Loss = CP - SP before anything else.

Tip: If SP is more than CP, it is profit. If SP is less than CP, it is loss.

Step 1

CP = 400 and SP = 460.

Step 2

Profit = 460 - 400 = 60.

Rule

Profit = SP - CP and Profit% = Profit / CP x 100.

3-second trick

Find the difference first, then convert it into percentage only if asked.

Trap to avoid

Do not use SP in the denominator when calculating profit percentage.

Correct answer

Rs. 60

Thinking path

The first job is to identify CP and SP correctly.
The difference gives the profit amount directly.
Percentage is a second step only when required.

Final answer: Rs. 60

Why this is fast: Separating amount and percentage avoids formula confusion.

Free now: first 10 questions Premium later: full solutions, advanced tricks, targeted practice

Q1 Easy

An article costing Rs. 2500 is sold at a profit of 18%. Find the selling price.