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. 30.68%

B. 32%

C. 25%

D. 28.5%

Answer: Option A

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

An article is sold at Rs. 540, earning a profit of 8%. What is the cost price?

A. Rs. 520

B. Rs. 510

C. Rs. 500

D. Rs. 480

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Correct Answer: Option C

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #2

If the cost price of an article is Rs. 390 and the selling price is Rs. 468, what is the profit percentage?

A. 15%

B. 20%

C. 18%

D. 25%

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Correct Answer: Option B

Explanation:
Profit = 78, profit% = 78/390*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

If the cost price of an article is Rs. 250 and the selling price is Rs. 200, what is the loss percentage?

A. 25%

B. 15%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

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