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. 5%

B. 20%

C. 15%

D. 10%

Answer: Option A

Solution (By JKSSB Mock Tests)

The correct answer is Option A. 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 shopkeeper marks his goods 70% above cost and gives a discount of 40%. What is his profit percent?

A. 10%

B. 2%

C. 5%

D. 8%

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a radio for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 580

B. Rs. 620

C. Rs. 640

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a product for Rs. 150 and sells it for Rs. 120. Calculate the loss percentage.

A. 25%

B. 15%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Loss = Cost Price - Selling Price = 150 - 120 = 30. Loss Percentage = (Loss / Cost Price) * 100 = (30 / 150) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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