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

A dealer marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?
A. 4%
B. 10%
C. 8%
D. 6%
Answer: Option A
Solution (By JKSSB Mock Tests)
The correct answer is Option A. Detailed explanation will be updated soon.

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Practice More Profit And Loss Questions

Question #1
A shopkeeper sells a shirt for Rs. 560, gaining 40%. Find the cost price.
A. Rs. 400
B. Rs. 380
C. Rs. 420
D. Rs. 440

Correct Answer: Option A


Explanation:
CP = 560 / 1.40 = 400.

This question belongs to: Maths Profit And Loss
Question #2
A shopkeeper sells a transistor at 15% above its cost price. If he had bought it at 5% more than what he paid for it and sold it for Rs. 6 more, he would have gained 10%. Find the cost price of the transistor.
A. Rs. 1000
B. Rs. 1200
C. Rs. 600
D. Rs. 800

Correct Answer: Option B


Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 115x. New Cost Price = 105x. New Selling Price = 105x * 1.10 = 115.5x. Difference in Selling Price = 115.5x - 115x = 0.5x. 0.5x = 6. x = 12. Cost Price = 100 * 12 = 1200.

This question belongs to: Maths Profit And Loss
Question #3
A man buys goods worth Rs. 6000. He sells one-third of them at a 10% profit. At what profit percentage must he sell the remaining goods to achieve an overall profit of 20%?
A. 30%
B. 20%
C. 35%
D. 25%

Correct Answer: Option D


Explanation:
Total Cost Price = 6000. Desired Selling Price for 20% profit = 6000 * 1.20 = 7200. Cost Price of one-third = 2000. Selling Price of this part = 2000 * 1.10 = 2200. Remaining Cost Price = 4000. Required Selling Price for remaining = 7200 - 2200 = 5000. Profit on remaining = 5000 - 4000 = 1000. Profit percentage = (1000 / 4000) * 100 = 25%.

This question belongs to: Maths Profit And Loss