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

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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. 19%

C. 20%

D. 18%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer marks his goods 50% above cost and gives a discount of 20%. What is his profit percent?

A. 25%

B. 30%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 150, SP = 150*0.8 = 120, profit = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a bag for Rs. 480, losing 20%. Find the cost price.

A. Rs. 600

B. Rs. 560

C. Rs. 620

D. Rs. 580

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Correct Answer: Option A

Explanation:
SP = 80% of CP => CP = 480 / 0.8 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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An item is marked at Rs. 750 and sold at a discount of 12%. What is the selling price?

A. Rs. 680

B. Rs. 700

C. Rs. 640

D. Rs. 660

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Correct Answer: Option D

Explanation:
SP = 750 * 0.88 = 660.

This question belongs to: Maths Profit And Loss

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