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. 28.5%

C. 25%

D. 32%

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

A man sells a book for Rs. 190, losing 5%. Find the cost price.

A. Rs. 195

B. Rs. 205

C. Rs. 200

D. Rs. 210

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Correct Answer: Option C

Explanation:
SP = 95% of CP => CP = 190 / 0.95 = 200.

This question belongs to: Maths Profit And Loss

Question #2

A man buys an article at a 20% discount on its marked price and sells it at its marked price. What is his profit percentage?

A. 33.33%

B. 20%

C. 30%

D. 25%

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Correct Answer: Option D

Explanation:
Let Marked Price = 100. Cost Price = 80. Selling Price = 100. Profit = 20. Profit percentage = (20 / 80) * 100 = 25%.

This question belongs to: Maths Profit And Loss

Question #3

A trader marks his goods 45% above cost and gives a discount of 25%. What is his profit percent?

A. 10%

B. 12%

C. 8.75%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 145, SP = 145*0.75 = 108.75, profit = 8.75%.

This question belongs to: Maths Profit And Loss

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