A shopkeeper marks his goods 70% above cost and gives a discount of 40%. What is his profit percent? MCQ with Answer and Explanation

Question

Share Report Error

A shopkeeper marks his goods 70% above cost and gives a discount of 40%. What is his profit percent?

A. 10%

B. 5%

C. 8%

D. 2%

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

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

Practice More Profit And Loss Questions

Question #1

Share Report

A trader mixes two types of pulses, A costing Rs. 80/kg and B costing Rs. 120/kg, in the ratio 3:2. He marks up the mixture by 25% on the cost price and allows a 10% discount. Find his net profit per kg.

A. Rs. 12

B. Rs. 10

C. Rs. 14

D. Rs. 15

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Cost Price per kg of mixture = [(3 * 80) + (2 * 120)] / 5 = (240 + 240) / 5 = 96. Marked Price = 96 * 1.25 = 120. Selling Price = 120 * 0.90 = 108. Net profit = 108 - 96 = Rs. 12.

This question belongs to: Maths Profit And Loss