A shopkeeper marks his goods 30% above cost price and allows a discount of 10%. What is his profit percentage? MCQ with Answer and Explanation

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A shopkeeper marks his goods 30% above cost price and allows a discount of 10%. What is his profit percentage?

A. 17%

B. 15%

C. 20%

D. 18%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 130, SP = 130*0.9 = 117, Profit = 17%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 20% on the marked price and still gains 25%. If the cost price is Rs. 800, find the marked price.

A. Rs. 1150

B. Rs. 1300

C. Rs. 1250

D. Rs. 1200

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Correct Answer: Option C

Explanation:
SP = 800*1.25 = 1000. MP = 1000 / 0.8 = 1250.

This question belongs to: Maths Profit And Loss

Question #2

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An article was sold at a loss of 10%. If it was sold at Rs. 90 more, there would have been a gain of 5%. Find the cost price.

A. Rs. 500

B. Rs. 600

C. Rs. 550

D. Rs. 650

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Correct Answer: Option B

Explanation:
Let CP = x. SP1 = 0.9x, SP2 = 1.05x. Difference = 0.15x = 90 => x = 600.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 50% above cost price and gives a discount of 30%. What is his profit percentage?

A. 15%

B. 5%

C. 10%

D. 20%

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

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