A shopkeeper marks his goods 40% above cost price and allows a discount of 25%. Find his gain percent. MCQ with Answer and Explanation

Question

Share Report Error

A shopkeeper marks his goods 40% above cost price and allows a discount of 25%. Find his gain percent.

A. 6%

B. 5%

C. 4%

D. 3%

Answer: Option B

Solution (By JKSSB Mock Tests)

CP=100, MP=140, SP=140×0.75=105, gain 5%.

This question belongs to: Maths Percentage

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Percentage Questions

Question #1

A boy scored 85% marks out of 400. How many marks did he get?

A. 320

B. 330

C. 340

D. 350

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
85% of 400 = 340.

This question belongs to: Maths Percentage

Question #2

150% of 60 is:

A. 100

B. 80

C. 90

D. 75

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
1.5 × 60 = 90.

This question belongs to: Maths Percentage

Question #3

A man spends 50% of his income. His income rises by 50% and expenditure by 20%. Percentage increase in savings is:

A. 90%

B. 60%

C. 70%

D. 80%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let income = 100, exp = 50, sav = 50. New income = 150, exp = 60, sav = 90. Increase = 40 on 50 = 80%.

This question belongs to: Maths Percentage

Explore All Percentage MCQs