UGC NET Questions (Paper – 1)

Statement A correctly defines profit when the selling price is higher than the cost price. Statement C is also correct, as profit percent in standard questions is taken on cost price unless the question says otherwise. Statement D is a direct application: 20% of 100 is 20, so the selling price becomes 120. Statement B is false because discount is subtracted from the marked price, not added, and E is false since loss happens when cost price exceeds selling price. Therefore, A, C and D only are correct, as in option D.

Option A:
Option A is incomplete because it omits D, which concretely applies the profit percentage idea, and so does not give a full set of correct statements for exam-oriented understanding.

Option B:
Option B is wrong because it adds E, which reverses the condition for loss, and therefore contains at least one false statement. Even though A and C are true, the presence of E invalidates the combination.

Option C:
Option C is incorrect since it contains only C and D and omits A, leaving out the basic definition of profit that anchors the other statements and making the set of correct facts incomplete.

Option D:
Option D is correct because it collects the conceptual definition of profit, the rule for profit percentage and a worked numerical illustration, while excluding the wrong descriptions of discount and loss conditions.