A merchant gives a discount of 10% on the marked price. If he sells for Rs. 900, he gains 12.5%. If he sells at the marked price, what is his profit percentage? MCQ with Answer and Explanation

Question

A merchant gives a discount of 10% on the marked price. If he sells for Rs. 900, he gains 12.5%. If he sells at the marked price, what is his profit percentage?

A. 25%

B. 30%

C. 20%

D. 22.5%

Answer: Option A

Solution (By JKSSB Mock Tests)

Selling Price = 900. Gain = 12.5%. Cost Price = 900 / 1.125 = 800. Marked Price = 900 / 0.90 = 1000. If sold at 1000, Profit = 1000 - 800 = 200. Profit percentage = (200 / 800) * 100 = 25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the marked price of an article whose cost price is Rs. 170?

A. Rs. 260

B. Rs. 240

C. Rs. 220

D. Rs. 280

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Correct Answer: Option B

Explanation:
SP = 1.2 * CP = 1.2 * 170 = 204. Marked Price (MP) - 15% of MP = SP. 0.85 * MP = 204. MP = 204 / 0.85 = 240.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks his goods 20% above the cost price and allows a discount of 10%. What is his final profit percentage?

A. 10%

B. 12%

C. 8%

D. 15%

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Correct Answer: Option C

Explanation:
Let the cost price be 100. Marked Price = 100 + 20% of 100 = 120. Discount = 10% of Marked Price = 12. Selling Price = 120 - 12 = 108. Profit = Selling Price - Cost Price = 108 - 100 = 8. Profit Percentage = 8%.

This question belongs to: Maths Profit And Loss