A dealer marks his goods 50% above cost price and gives a discount of 30%. What is his profit percentage? MCQ with Answer and Explanation

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A dealer marks his goods 50% above cost price and gives a discount of 30%. What is his profit percentage?

A. 10%

B. 5%

C. 20%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

The correct answer is Option B. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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A sells a bicycle to B at a 20% profit. B sells it to C at a 25% profit. If C pays Rs. 1500, what did A pay for it?

A. Rs. 1200

B. Rs. 900

C. Rs. 1000

D. Rs. 1100

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Correct Answer: Option C

Explanation:
Let A's Cost Price = X. X * 1.20 * 1.25 = 1500. 1.50 * X = 1500. X = 1000.

This question belongs to: Maths Profit And Loss

Question #2

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A man bought 2 articles for Rs. 1200 each. He sold one at a 20% loss and the other at a 20% profit. What is his overall profit or loss percentage?

A. 4% Loss

B. 4% Profit

C. No Profit No Loss

D. 8% Loss

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Correct Answer: Option C

Explanation:
When CP is the same for two articles, and one is sold at x% profit and the other at x% loss, the overall result is No Profit No Loss.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 30% above cost and gives a discount of 10%. What is his profit percent?

A. 15%

B. 17%

C. 20%

D. 18%

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

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