A shopkeeper marks his goods 30% above the cost price and allows a 10% discount. Find his actual profit percentage. MCQ with Answer and Explanation

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A shopkeeper marks his goods 30% above the cost price and allows a 10% discount. Find his actual profit percentage.

A. 15%

B. 20%

C. 17%

D. 18%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let Cost Price = 100. Marked Price = 130. Selling Price = 130 * 0.90 = 117. Profit = 117 - 100 = 17. Profit percentage = 17%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper marks his goods 40% above the cost price and allows a discount of 15%. What is his net profit percentage?

A. 21%

B. 20%

C. 18%

D. 19%

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Correct Answer: Option D

Explanation:
Let Cost Price = 100. Marked Price = 140. Selling Price = 140 * 0.85 = 119. Profit percentage = 19%.

This question belongs to: Maths Profit And Loss

Question #2

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Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage?

A. 2.25% profit

B. 2.25% loss

C. 2.5% loss

D. No profit no loss

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Correct Answer: Option B

Explanation:
Overall loss percentage = (15^2) / 100 = 225 / 100 = 2.25%.

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Question #3

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A person buys 2 dozen bananas for Rs. 48 and sells them at Rs. 3 per banana. What is the profit percentage?

A. 40%

B. 25%

C. 33.33%

D. 50%

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Correct Answer: Option D

Explanation:
2 dozen = 24, CP per banana = 48/24 = 2, SP = 3, profit = 1, profit% = 1/2*100 = 50%.

This question belongs to: Maths Profit And Loss

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