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. 15%

B. 10%

C. 5%

D. 20%

Answer: Option C

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 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. 800

B. Rs. 1000

C. Rs. 1200

D. Rs. 600

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Correct Answer: Option C

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 #2

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The cost price of 5 pens is equal to the selling price of 4 pens. Find the profit percentage.

A. 33.33%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option B

Explanation:
Let the cost price of 1 pen be CP and selling price of 1 pen be SP. Given 5 * CP = 4 * SP, so SP / CP = 5 / 4. Profit = SP - CP = 5 - 4 = 1 unit. Profit Percentage = (1 / 4) * 100 = 25%.

This question belongs to: Maths Profit And Loss