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. 10%

B. 15%

C. 12.5%

D. 17.5%

Answer: Option C

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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A man buys a chair for Rs. 400 and sells it for Rs. 460. What is the gain percent?

A. 12%

B. 20%

C. 10%

D. 15%

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Correct Answer: Option D

Explanation:
Gain = 60, gain% = 60/400*100 = 15%.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a toy for Rs. 300 and sells it for Rs. 240. What is the loss percentage?

A. 30%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Loss = 60, loss% = 60/300*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer buys an article for Rs. 600 and sells it at a profit of 15%. What is the selling price?

A. Rs. 670

B. Rs. 680

C. Rs. 700

D. Rs. 690

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Correct Answer: Option D

Explanation:
SP = 600 + 15% of 600 = 600 + 90 = 690.

This question belongs to: Maths Profit And Loss

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