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

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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. 10%

D. 15%

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

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Question #1

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A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs. 800, find the cost price.

A. Rs. 600

B. Rs. 650

C. Rs. 500

D. Rs. 700

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Correct Answer: Option A

Explanation:
Marked Price = 800. Selling Price = 800 * 0.90 = 720. Cost Price = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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If a loss of 15% on an item is Rs. 45, what is its cost price?

A. Rs. 350

B. Rs. 300

C. Rs. 250

D. Rs. 400

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Correct Answer: Option B

Explanation:
15% of CP = 45. CP = (45 / 15) * 100 = Rs. 300.

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Question #3

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A shirt marked at Rs. 800 is sold at a discount of 25%. What is the selling price?

A. Rs. 650

B. Rs. 500

C. Rs. 600

D. Rs. 550

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Correct Answer: Option C

Explanation:
Marked Price = 800. Discount = 25%. Selling Price = 800 * 0.75 = 600.

This question belongs to: Maths Profit And Loss

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