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

Question

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

A. 12%

B. 8%

C. 15%

D. 10%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A table was bought for Rs. 1500 and sold for Rs. 1800. What is the profit percentage?

A. 15%

B. 25%

C. 20%

D. 30%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Profit = 1800 - 1500 = 300. Profit % = (300 / 1500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If the selling price of an article is Rs. 225 and the loss is 25%, find the cost price.

A. Rs. 290

B. Rs. 280

C. Rs. 300

D. Rs. 320

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 75% of CP => CP = 225 / 0.75 = 300.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If goods are purchased for Rs. 450 and one-third is sold at a loss of 10%, at what profit percentage should the remainder be sold to gain 20% on the whole transaction?

A. 30%

B. 35%

C. 32%

D. 40%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Total cost = 450. Total desired SP = 450 * 1.2 = 540. CP of one-third = 150. SP of one-third at 10% loss = 150 * 0.9 = 135. Required SP for remainder = 540 - 135 = 405. CP of remainder = 300. Profit required = 405 - 300 = 105. Profit % = (105 / 300) * 100 = 35%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs