A dealer marks his goods 30% above cost and gives a discount of 20%. 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 20%. What is his profit percent?

A. 8%

B. 6%

C. 10%

D. 4%

Answer: Option D

Solution (By JKSSB Mock Tests)

The correct answer is Option D. 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 dealer sells an article at a loss of 4%. Had he sold it for Rs. 120 more, he would have gained 8%. What is the cost price of the article?

A. Rs. 900

B. Rs. 800

C. Rs. 1000

D. Rs. 1200

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Correct Answer: Option C

Explanation:
The difference between an 8% gain and a 4% loss is 12% of the cost price. So, 12% of CP = 120. CP = (120 * 100) / 12 = Rs. 1000.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells an item for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 410

B. Rs. 380

C. Rs. 400

D. Rs. 420

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Correct Answer: Option C

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 150 and the loss is 25%, what is the cost price?

A. Rs. 180

B. Rs. 200

C. Rs. 220

D. Rs. 190

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Correct Answer: Option B

Explanation:
CP = 150/0.75 = 200.

This question belongs to: Maths Profit And Loss

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