A shopkeeper marks his goods 25% above cost and gives a discount of 5%. What is his profit percent? MCQ with Answer and Explanation

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A shopkeeper marks his goods 25% above cost and gives a discount of 5%. What is his profit percent?

A. 18.75%

B. 15%

C. 20%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 125, SP = 125*0.95 = 118.75, profit = 18.75%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 150 and the loss is 25%, what is the cost price?

A. Rs. 200

B. Rs. 190

C. Rs. 220

D. Rs. 180

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Correct Answer: Option A

Explanation:
CP = 150/0.75 = 200.

This question belongs to: Maths Profit And Loss

Question #2

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An article is sold at a profit of 15%. If the selling price is doubled, what will be the new profit percentage?

A. 115%

B. 130%

C. 30%

D. 230%

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Correct Answer: Option B

Explanation:
Let CP = 100. Original SP = 115. New SP = 230. New Profit = 230 - 100 = 130. New Profit % = 130%.

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Question #3

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A dealer marks his goods 45% above cost and gives a discount of 15%. What is his profit percent?

A. 25%

B. 18%

C. 23.25%

D. 20%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 145, SP = 145*0.85 = 123.25, profit = 23.25%.

This question belongs to: Maths Profit And Loss

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