A trader buys an article for Rs. 1200 and marks it 25% above cost. He gives a discount of 10%. Find his profit percent. MCQ with Answer and Explanation

Question

Share Report Error

A trader buys an article for Rs. 1200 and marks it 25% above cost. He gives a discount of 10%. Find his profit percent.

A. 14%

B. 12.5%

C. 15%

D. 10%

Answer: Option B

Solution (By JKSSB Mock Tests)

MP = 1200*1.25 = 1500. SP = 1500*0.9 = 1350. Profit = 150, profit% = (150/1200)*100 = 12.5%.

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 shopkeeper sells a fan at Rs. 450, making a profit of 12.5%. What is the cost price?

A. Rs. 410

B. Rs. 400

C. Rs. 420

D. Rs. 380

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SP = 1.125 CP => CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

Find the selling price of an article bought for Rs. 800 and sold at a 15% profit.

A. Rs. 900

B. Rs. 940

C. Rs. 950

D. Rs. 920

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Profit = 15% of 800 = 120. Selling Price = 800 + 120 = Rs. 920.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A trader marks his goods 45% above cost and gives a discount of 20%. What is his profit percent?

A. 16%

B. 25%

C. 20%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP = 100, MP = 145, SP = 145*0.8 = 116, profit = 16%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs