A dealer marks his goods 55% above cost and gives a discount of 30%. What is his profit percent? MCQ with Answer and Explanation

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A dealer marks his goods 55% above cost and gives a discount of 30%. What is his profit percent?

A. 8.5%

B. 10%

C. 15%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 155, SP = 155*0.7 = 108.5, profit = 8.5%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 160 and the selling price is Rs. 192, what is the profit percentage?

A. 20%

B. 15%

C. 18%

D. 25%

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Correct Answer: Option A

Explanation:
Profit = 32, profit% = 32/160*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 450 and the selling price is Rs. 540, what is the profit percentage?

A. 18%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 90, profit% = 90/450*100=20%.

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Question #3

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If the selling price of an article is Rs. 340 and the loss is 15%, find the cost price.

A. Rs. 380

B. Rs. 410

C. Rs. 400

D. Rs. 390

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Correct Answer: Option C

Explanation:
SP = 85% of CP => CP = 340 / 0.85 = 400.

This question belongs to: Maths Profit And Loss

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