A dealer buys an article at a 20% discount on its marked price. He spends 10% of the cost price on repairs and sells it at a 15% profit on the marked price. Find his total profit percentage. MCQ with Answer and Explanation

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A dealer buys an article at a 20% discount on its marked price. He spends 10% of the cost price on repairs and sells it at a 15% profit on the marked price. Find his total profit percentage.

A. 28.5%

B. 25%

C. 32%

D. 30.68%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let Marked Price = 100. Buy price = 80. Repairs = 8. Total Cost Price = 88. Selling Price = 115. Profit = 27. Profit percentage = (27 / 88) * 100 = 30.68%.

This question belongs to: Maths Profit And Loss

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Question #1

If the selling price of an article is Rs. 340 and the loss is 15%, find the cost price.

A. Rs. 390

B. Rs. 380

C. Rs. 400

D. Rs. 410

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Correct Answer: Option C

Explanation:
SP = 85% of CP => CP = 340 / 0.85 = 400.

This question belongs to: Maths Profit And Loss

Question #2

If the cost price of an article is Rs. 300 and the selling price is Rs. 255, what is the loss percentage?

A. 12%

B. 10%

C. 18%

D. 15%

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Correct Answer: Option D

Explanation:
Loss = 45, loss% = 45/300*100 = 15%.

This question belongs to: Maths Profit And Loss

Question #3

A shopkeeper marks his goods 30% above cost and gives a discount of 25%. What is his profit or loss percent?

A. Loss 5%

B. No profit no loss

C. Profit 2.5%

D. Loss 2.5%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 130, SP = 130*0.75 = 97.5, loss = 2.5%.

This question belongs to: Maths Profit And Loss

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