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

Question

Share Report Error

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. Profit 2.5%

D. Loss 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

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

The cost price of an article is Rs. 400. If it is sold at a loss of 5%, what is the selling price?

A. Rs. 380

B. Rs. 385

C. Rs. 370

D. Rs. 390

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Loss = 5% of 400 = 20, SP = 400 - 20 = 380.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A man sells a book for Rs. 220, losing 12%. What is the cost price?

A. Rs. 250

B. Rs. 230

C. Rs. 260

D. Rs. 240

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SP = 88% of CP => CP = 220 / 0.88 = 250.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the cost price of an article is 40% of its selling price, what is the profit percentage?

A. 120%

B. 125%

C. 150%

D. 140%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Let Selling Price = 100. Cost Price = 40. Profit = 100 - 40 = 60. Profit percentage = (60 / 40) * 100 = 150%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs