A dealer marks his goods 50% 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 50% above cost and gives a discount of 20%. What is his profit percent?

A. 25%

B. 15%

C. 20%

D. 30%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 150, SP = 150*0.8 = 120, profit = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader sells an article at a 15% profit. If he buys it at 10% less and sells it for Rs. 4 less, he still makes a 25% profit. Find the original cost price.

A. Rs. 180

B. Rs. 150

C. Rs. 160

D. Rs. 200

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Correct Answer: Option C

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 115x. New Cost Price = 90x. New Selling Price = 90x * 1.25 = 112.5x. Difference = 115x - 112.5x = 2.5x. 2.5x = 4. x = 1.6. Cost Price = 100 * 1.6 = 160.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 50% above the cost price and gives a 20% discount. Furthermore, he uses a false weight of 900 grams instead of 1 kg. What is his actual overall profit percentage?

A. 30%

B. 40%

C. 25%

D. 33.33%

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Correct Answer: Option D

Explanation:
Let the true Cost Price for 1000 grams be Rs. 1000. The trader gives only 900 grams, so his actual Cost Price is Rs. 900. He marks up 1000 grams to Rs. 1500 and gives a 20% discount. Selling Price = 1500 * 0.80 = Rs. 1200. Profit = 1200 - 900 = 300. Profit percentage = (300 / 900) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss