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. 10%

B. 12%

C. 8%

D. 15%

Answer: Option C

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

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Question #1

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If the selling price of an article is Rs. 660 and the profit is 10%, find the cost price.

A. Rs. 620

B. Rs. 600

C. Rs. 640

D. Rs. 580

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Correct Answer: Option B

Explanation:
CP = 660 / 1.10 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 380 and the loss is 5%, find the cost price.

A. Rs. 385

B. Rs. 410

C. Rs. 390

D. Rs. 400

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Correct Answer: Option D

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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The marked price is 40% above the cost price. A discount of 20% is given, resulting in a profit of Rs. 48. Find the cost price.

A. Rs. 450

B. Rs. 400

C. Rs. 350

D. Rs. 300

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Correct Answer: Option B

Explanation:
Let Cost Price = 100x. Marked Price = 140x. Selling Price = 140x * 0.80 = 112x. Profit = 12x. 12x = 48. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss

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