A shopkeeper marks his goods 50% above cost and gives a discount of 15%. What is his profit percent? MCQ with Answer and Explanation

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A shopkeeper marks his goods 50% above cost and gives a discount of 15%. What is his profit percent?

A. 30%

B. 25%

C. 27.5%

D. 20%

Answer: Option C

Solution (By JKSSB Mock Tests)

The correct answer is Option C. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a product for Rs. 1080, gaining 20%. Find the cost price.

A. Rs. 920

B. Rs. 900

C. Rs. 950

D. Rs. 880

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Correct Answer: Option B

Explanation:
CP = 1080 / 1.20 = 900.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an item is Rs. 560 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 660

B. Rs. 644

C. Rs. 640

D. Rs. 650

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Correct Answer: Option B

Explanation:
SP = 560*1.15 = 644.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper buys a pen for Rs. 25 and sells it for Rs. 30. What is the profit percentage?

A. 10%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 30 - 25 = 5. Profit% = (5/25)*100 = 20%.

This question belongs to: Maths Profit And Loss

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