A dealer marks his goods 25% above cost and gives a discount of 10%. What is his profit percent? MCQ with Answer and Explanation

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A dealer marks his goods 25% above cost and gives a discount of 10%. What is his profit percent?

A. 15%

B. 20%

C. 10%

D. 12.5%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let CP=100, MP=125, SP=125*0.9=112.5, profit=12.5%.

This question belongs to: Maths Profit And Loss

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Question #1

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A person sells a bag for Rs. 540, making a profit of 8%. What was the cost price?

A. Rs. 510

B. Rs. 500

C. Rs. 520

D. Rs. 480

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Correct Answer: Option B

Explanation:
CP = 540/1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article for Rs. 264, gaining 20%. What is the cost price?

A. Rs. 220

B. Rs. 240

C. Rs. 210

D. Rs. 230

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Correct Answer: Option A

Explanation:
CP = 264 / 1.20 = 220.

This question belongs to: Maths Profit And Loss

Question #3

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If selling price is multiplied by 3, the profit becomes 5 times the original profit. Find the original profit percentage.

A. 50%

B. 150%

C. 100%

D. 125%

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Correct Answer: Option C

Explanation:
Let original SP = S, CP = C. Profit P = S - C. New SP = 3S. New Profit = 3S - C. Given: 3S - C = 5(S - C). 3S - C = 5S - 5C. 4C = 2S. S = 2C. Profit = 2C - C = C. Profit % = (C/C) * 100 = 100%.

This question belongs to: Maths Profit And Loss

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