A merchant marks his goods 25% above CP and gives a 10% discount. Find his profit percentage. MCQ with Answer and Explanation

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A merchant marks his goods 25% above CP and gives a 10% discount. Find his profit percentage.

A. 17.5%

B. 10%

C. 15%

D. 12.5%

Answer: Option D

Solution (By JKSSB Mock Tests)

Let CP = 100. Marked Price = 125. Discount = 10% of 125 = 12.5. SP = 125 - 12.5 = 112.5. Profit % = 12.5%.

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. 600 and the selling price is Rs. 720, what is the profit percentage?

A. 15%

B. 20%

C. 30%

D. 25%

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Correct Answer: Option B

Explanation:
Profit = 120, profit% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 18% on the marked price and still gains 18%. If the cost price is Rs. 600, find the marked price.

A. Rs. 850

B. Rs. 900

C. Rs. 875

D. Rs. 863.41

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Correct Answer: Option D

Explanation:
SP = 600*1.18 = 708. MP = 708 / 0.82 = 863.41.

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Question #3

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A shopkeeper allows a 10% discount on the marked price of a camera. If the camera costs him Rs. 600, what should be the marked price to make a profit of 20%?

A. Rs. 900

B. Rs. 750

C. Rs. 850

D. Rs. 800

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Correct Answer: Option D

Explanation:
Cost Price = 600. Target Selling Price for 20% profit = 600 * 1.20 = 720. Marked Price * 0.90 = 720. Marked Price = 720 / 0.90 = 800.

This question belongs to: Maths Profit And Loss

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