A shopkeeper marks his goods 40% above cost and gives a discount of 10%. What is his profit percent? MCQ with Answer and Explanation

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A shopkeeper marks his goods 40% above cost and gives a discount of 10%. What is his profit percent?

A. 30%

B. 26%

C. 25%

D. 20%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 140, SP = 140*0.9 = 126, profit = 26%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys 50 kg of rice at Rs. 40 per kg and sells at Rs. 48 per kg. What is his profit percentage?

A. 20%

B. 25%

C. 10%

D. 15%

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Correct Answer: Option A

Explanation:
CP = 50*40 = 2000, SP = 50*48 = 2400, profit = 400, profit% = 400/2000*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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The marked price is 40% above the cost price. A discount of 20% is given, resulting in a profit of Rs. 48. Find the cost price.

A. Rs. 450

B. Rs. 400

C. Rs. 350

D. Rs. 300

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Correct Answer: Option B

Explanation:
Let Cost Price = 100x. Marked Price = 140x. Selling Price = 140x * 0.80 = 112x. Profit = 12x. 12x = 48. x = 4. Cost Price = 100 * 4 = 400.

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Question #3

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A trader marks his goods 20% above cost and gives a discount of 10%. What is his profit percent?

A. 12%

B. 8%

C. 15%

D. 10%

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Correct Answer: Option B

Explanation:
CP=100, MP=120, SP=120*0.9=108, profit=8%.

This question belongs to: Maths Profit And Loss

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