A dealer marks his goods 45% above cost and gives a discount of 15%. What is his profit percent? MCQ with Answer and Explanation

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A dealer marks his goods 45% above cost and gives a discount of 15%. What is his profit percent?

A. 25%

B. 23.25%

C. 18%

D. 20%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 145, SP = 145*0.85 = 123.25, profit = 23.25%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 165 and the profit is 10%, find the cost price.

A. Rs. 160

B. Rs. 140

C. Rs. 155

D. Rs. 150

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Correct Answer: Option D

Explanation:
CP = 165 / 1.10 = 150.

This question belongs to: Maths Profit And Loss

Question #2

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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. 1000

B. Rs. 1200

C. Rs. 800

D. Rs. 600

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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