A dishonest dealer cheats by 10% while buying and 10% while selling using false weights. He marks up his goods by 20% and gives a discount of 10%. Find his true overall profit percentage. MCQ with Answer and Explanation

Question

A dishonest dealer cheats by 10% while buying and 10% while selling using false weights. He marks up his goods by 20% and gives a discount of 10%. Find his true overall profit percentage.

A. 33.1%

B. 30.68%

C. 28%

D. 32%

Answer: Option D

Solution (By JKSSB Mock Tests)

Multiplier factor = (110 / 100) * (100 / 90) * (120 / 100) * (90 / 100). Value = 1.1 * 1.1111 * 1.2 * 0.9 = 1.32. Profit percentage = 32%.

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. 900 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 1035

B. Rs. 1000

C. Rs. 1050

D. Rs. 1020

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Correct Answer: Option A

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Question #2

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The marked price of an article is Rs. 1500. A shopkeeper gives a discount of 20% and still makes a profit of 25%. What is the cost price?

A. Rs. 1050

B. Rs. 900

C. Rs. 960

D. Rs. 1000

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Correct Answer: Option C

Explanation:
SP = 80% of 1500 = 1200. SP = 125% of CP. 1.25 * CP = 1200. CP = 1200 / 1.25 = Rs. 960.

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Question #3

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A person buys a pen for Rs. 20 and sells it for Rs. 25. What is the gain percentage?

A. 20%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option B

Explanation:
Gain = 5, gain% = 5/20*100=25%.

This question belongs to: Maths Profit And Loss

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