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. 32%

B. 28.5%

C. 25%

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. 240 and the profit is 20%, find the cost price.

A. Rs. 190

B. Rs. 210

C. Rs. 220

D. Rs. 200

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Correct Answer: Option D

Explanation:
CP = 240 / 1.20 = 200.

This question belongs to: Maths Profit And Loss

Question #2

A shopkeeper sells a book for Rs. 300, gaining 20%. Find the cost price.

A. Rs. 240

B. Rs. 270

C. Rs. 250

D. Rs. 260

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Correct Answer: Option C

Explanation:
CP = 300/1.2 = 250.

This question belongs to: Maths Profit And Loss

Question #3

If a shopkeeper sells an item at Rs. 216, he gains 8%. Find the cost price.

A. Rs. 210

B. Rs. 208

C. Rs. 190

D. Rs. 200

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Correct Answer: Option D

Explanation:
CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

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