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. 20%

B. 5%

C. 15%

D. 10%

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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Find the single discount equivalent to two successive discounts of 20% and 30%.

A. 50%

B. 46%

C. 56%

D. 44%

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Correct Answer: Option D

Explanation:
Equivalent discount = 20 + 30 - (20 * 30 / 100) = 50 - 6 = 44%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 20% on the marked price and still gains 25%. If the cost price is Rs. 800, find the marked price.

A. Rs. 1250

B. Rs. 1150

C. Rs. 1300

D. Rs. 1200

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Correct Answer: Option A

Explanation:
SP = 800*1.25 = 1000. MP = 1000 / 0.8 = 1250.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 420 and the profit is 5%, find the cost price.

A. Rs. 400

B. Rs. 420

C. Rs. 390

D. Rs. 410

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Correct Answer: Option A

Explanation:
CP = 420/1.05 = 400.

This question belongs to: Maths Profit And Loss

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