A shopkeeper marks his goods 35% above cost and gives a discount of 20%. What is his profit percent? MCQ with Answer and Explanation

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A shopkeeper marks his goods 35% above cost and gives a discount of 20%. What is his profit percent?

A. 12%

B. 15%

C. 8%

D. 10%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 135, SP = 135*0.8 = 108, profit = 8%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a chair for Rs. 540, gaining 12.5%. Find the cost price.

A. Rs. 520

B. Rs. 460

C. Rs. 480

D. Rs. 500

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Correct Answer: Option C

Explanation:
CP = 540 / 1.125 = 480.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 15 articles is equal to the selling price of 12 articles, find the profit percent.

A. 30%

B. 25%

C. 15%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 15 =15, SP of 12 =15 => SP of 1 =15/12=1.25. Profit =25%.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a product for Rs. 630, gaining 5%. Find the cost price.

A. Rs. 640

B. Rs. 580

C. Rs. 600

D. Rs. 620

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

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