A dealer marks his goods 40% above cost and gives a discount of 25%. What is his profit percent? MCQ with Answer and Explanation

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A dealer marks his goods 40% above cost and gives a discount of 25%. What is his profit percent?

A. 20%

B. 5%

C. 10%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 140, SP = 140*0.75 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader gives a discount of 20% on the marked price and still gains 20%. If the marked price is Rs. 1500, what is the cost price?

A. Rs. 900

B. Rs. 1100

C. Rs. 1000

D. Rs. 1200

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Correct Answer: Option C

Explanation:
SP = 1500*0.8 = 1200. CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells a book for Rs. 190, losing 5%. Find the cost price.

A. Rs. 200

B. Rs. 195

C. Rs. 210

D. Rs. 205

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Correct Answer: Option A

Explanation:
SP = 95% of CP => CP = 190 / 0.95 = 200.

This question belongs to: Maths Profit And Loss

Question #3

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A trader gives a discount of 20% on the marked price and still gains 10%. If the marked price is Rs. 1500, find the cost price.

A. Rs. 1050

B. Rs. 1125

C. Rs. 1090.91

D. Rs. 1100

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Correct Answer: Option C

Explanation:
SP = 1500*0.8 = 1200. CP = 1200 / 1.10 = 1090.91.

This question belongs to: Maths Profit And Loss

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