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. 12%

B. 10%

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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A shopkeeper sells a book for Rs. 270, gaining 12.5%. Find the cost price.

A. Rs. 260

B. Rs. 240

C. Rs. 230

D. Rs. 250

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Correct Answer: Option B

Explanation:
CP = 270 / 1.125 = 240.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?

A. 18%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Gain = 30, gain% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A man buys two items for a total of Rs. 3000. He sells one at a 20% profit and the other at a 10% loss. If he makes no overall profit or loss, what is the cost price of the first item?

A. Rs. 1000

B. Rs. 1200

C. Rs. 1500

D. Rs. 2000

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Correct Answer: Option A

Explanation:
Let Cost Price of first item = x. Cost Price of second = 3000 - x. Profit = 0.20x. Loss = 0.10(3000 - x). 0.20x = 300 - 0.10x. 0.30x = 300. x = 1000.

This question belongs to: Maths Profit And Loss

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