A dealer marks his goods 50% above cost price and gives a discount of 20%. What is his gain percent? MCQ with Answer and Explanation

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

A. 15%

B. 25%

C. 30%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

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

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. 630 and the profit is 5%, find the cost price.

A. Rs. 620

B. Rs. 590

C. Rs. 610

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 630 / 1.05 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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The marked price of an article is Rs. 1200. If the discount given is 15%, what is the selling price?

A. Rs. 1020

B. Rs. 1000

C. Rs. 1080

D. Rs. 1050

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Correct Answer: Option A

Explanation:
SP = 1200*0.85 = 1020.

This question belongs to: Maths Profit And Loss

Question #3

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A man buys oranges at 5 for Rs. 10 and an equal number at 4 for Rs. 10. He mixes them and sells them at 9 for Rs. 20. What is his profit or loss percentage?

A. 1% Loss

B. 1.5% Loss

C. 1.23% Loss

D. No profit no loss

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Correct Answer: Option C

Explanation:
Let he buy 20 of each (LCM of 5 and 4). CP1 = (10/5)*20 = 40. CP2 = (10/4)*20 = 50. Total CP = 90 for 40 oranges. SP of 40 oranges = (20/9) * 40 = 800/9 = 88.88. Loss = 90 - 88.88 = 1.11. Loss % = (1.11 / 90) * 100 = 1.23%.

This question belongs to: Maths Profit And Loss

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