A man buys an article at a 20% discount on its marked price and sells it at its marked price. What is his profit percentage? MCQ with Answer and Explanation

Question

A man buys an article at a 20% discount on its marked price and sells it at its marked price. What is his profit percentage?

A. 30%

B. 20%

C. 25%

D. 33.33%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let Marked Price = 100. Cost Price = 80. Selling Price = 100. Profit = 20. Profit percentage = (20 / 80) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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An article is sold at Rs. 720, incurring a loss of 10%. What is the cost price?

A. Rs. 820

B. Rs. 800

C. Rs. 850

D. Rs. 780

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Correct Answer: Option B

Explanation:
CP = 720 / 0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer marks his goods 40% above cost and gives a discount of 25%. What is his profit percent?

A. 5%

B. 20%

C. 10%

D. 15%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 140, SP = 140*0.75 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper allows a discount of 20% on an article marked at Rs. 1500. What is the selling price?

A. Rs. 1200

B. Rs. 1150

C. Rs. 1250

D. Rs. 1300

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Correct Answer: Option A

Explanation:
SP = 1500 * 0.8 = 1200.

This question belongs to: Maths Profit And Loss

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