A dealer marks his goods 30% 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 30% above cost and gives a discount of 10%. What is his profit percent?

A. 20%

B. 17%

C. 18%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

The correct answer is Option B. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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A man purchased an article for Rs. 500 and sold it for Rs. 600. What is the gain percentage?

A. 15%

B. 20%

C. 25%

D. 18%

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Correct Answer: Option B

Explanation:
Gain = 100, gain% = 100/500*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells a TV set for Rs. 9400 and makes a certain loss. If he sells it for Rs. 10600, his profit is double the amount of his previous loss. What is the cost price of the TV?

A. Rs. 10000

B. Rs. 9600

C. Rs. 10200

D. Rs. 9800

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Correct Answer: Option D

Explanation:
Let Cost Price = x. Loss = x - 9400. Profit = 10600 - x. Profit = 2 * Loss. 10600 - x = 2 * (x - 9400). 10600 - x = 2x - 18800. 3x = 29400. x = 9800.

This question belongs to: Maths Profit And Loss