A shopkeeper marks his goods 30% above cost and gives a discount of 25%. What is his profit or loss percent? MCQ with Answer and Explanation

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A shopkeeper marks his goods 30% above cost and gives a discount of 25%. What is his profit or loss percent?

A. No profit no loss

B. Loss 2.5%

C. Loss 5%

D. Profit 2.5%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 130, SP = 130*0.75 = 97.5, loss = 2.5%.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer allows a discount of 15% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 680

B. Rs. 705.88

C. Rs. 720

D. Rs. 700

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Correct Answer: Option B

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.85 = 705.88.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 192 and the profit is 20%, find the cost price.

A. Rs. 180

B. Rs. 160

C. Rs. 150

D. Rs. 170

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Correct Answer: Option B

Explanation:
CP = 192 / 1.20 = 160.

This question belongs to: Maths Profit And Loss

Question #3

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A person sells an item at Rs. 450, losing 10%. What would be the selling price to gain 10%?

A. Rs. 540

B. Rs. 500

C. Rs. 550

D. Rs. 520

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Correct Answer: Option C

Explanation:
CP = 450 / 0.9 = 500. To gain 10%, SP = 500*1.1 = 550.

This question belongs to: Maths Profit And Loss

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