A shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is his net profit percentage? MCQ with Answer and Explanation

Question

A shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is his net profit percentage?

A. 8%

B. 12%

C. 10%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let Cost Price = 100. Marked Price = 120. Selling Price after 10% discount = 120 * 0.90 = 108. Profit = 108 - 100 = 8. Net profit percentage = 8%.

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 person sells a watch for Rs. 480, gaining 20%. Find the cost price.

A. Rs. 380

B. Rs. 420

C. Rs. 440

D. Rs. 400

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 480 / 1.20 = 400.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A man sells a watch at a profit of 20%. If he had bought it at 10% less and sold it for Rs. 30 less, he would have gained 20%. Find the initial cost price.

A. Rs. 300

B. Rs. 150

C. Rs. 200

D. Rs. 250

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let original CP = 100x. Original SP = 120x. New CP = 90x. New SP = 120x - 30. Profit is 20% on 90x = 18x. So, 90x + 18x = 120x - 30. 108x = 120x - 30. 12x = 30. x = 2.5. Original CP = 100 * 2.5 = Rs. 250.

This question belongs to: Maths Profit And Loss