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. 15%

B. 30%

C. 20%

D. 25%

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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The marked price of an article is Rs. 5000. A shopkeeper gives two successive discounts of x% and 20%. If the customer pays Rs. 3400, find the value of x.

A. 10

B. 12

C. 18

D. 15

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Correct Answer: Option D

Explanation:
Price after 20% discount = 5000 * 0.80 = 4000. Further discount given = 4000 - 3400 = 600. Discount percentage x = (600 / 4000) * 100 = 15%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 40% on the marked price and still gains 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1100

B. Rs. 1300

C. Rs. 1200

D. Rs. 1000

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Correct Answer: Option C

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Question #3

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The profit earned by selling an article for Rs. 900 is double the loss incurred when the same article is sold for Rs. 450. At what price should it be sold to make a 25% profit?

A. Rs. 600

B. Rs. 800

C. Rs. 750

D. Rs. 900

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Correct Answer: Option C

Explanation:
Let the cost price be CP. Profit = 900 - CP. Loss = CP - 450. Given: 900 - CP = 2 * (CP - 450). 900 - CP = 2CP - 900. 3CP = 1800, so CP = 600. For a 25% profit, Selling price = 1.25 * 600 = Rs. 750.

This question belongs to: Maths Profit And Loss

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