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. 10%

B. 12%

C. 15%

D. 8.5%

Answer: Option D

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 selling price of an article is Rs. 288 and the loss is 10%, find the cost price.

A. Rs. 310

B. Rs. 320

C. Rs. 300

D. Rs. 340

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Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 288 / 0.9 = 320.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a product for Rs. 960, gaining 20%. Find the cost price.

A. Rs. 840

B. Rs. 820

C. Rs. 780

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 960 / 1.20 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells an item for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 380

B. Rs. 400

C. Rs. 420

D. Rs. 410

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Correct Answer: Option B

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

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