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. 20%

B. 12%

C. 15%

D. 18.75%

Answer: Option D

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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A dishonest dealer marks up his goods by 20% and gives a discount of 10%. Besides, he uses a faulty balance which reads 1 kg for 800g. What is his net profit percentage?

A. 30%

B. 45%

C. 35%

D. 40%

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Correct Answer: Option C

Explanation:
Let true CP of 1000g be 1000. He marks it at 1200 and sells at a 10% discount, making SP = 1080. But he gives only 800g. The actual CP for him is 800. Net Profit = 1080 - 800 = 280. Net Profit % = (280 / 800) * 100 = 35%.

This question belongs to: Maths Profit And Loss