A trader marks his goods 20% above cost and gives a discount of 10%. What is his profit percent? MCQ with Answer and Explanation

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A trader marks his goods 20% above cost and gives a discount of 10%. What is his profit percent?

A. 10%

B. 12%

C. 8%

D. 15%

Answer: Option C

Solution (By JKSSB Mock Tests)

CP=100, MP=120, SP=120*0.9=108, profit=8%.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sold a bicycle for Rs. 2500, gaining 25%. What was the cost price?

A. Rs. 2000

B. Rs. 2100

C. Rs. 2200

D. Rs. 1800

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Correct Answer: Option A

Explanation:
CP = 2500/1.25 = 2000.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 30% above cost and gives a discount of 10%. What is his profit percent?

A. 18%

B. 15%

C. 17%

D. 20%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 130, SP = 130*0.9 = 117, profit = 17%.

This question belongs to: Maths Profit And Loss

Question #3

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If an article is sold at Rs. 105, there is a profit of 5%. Find its cost price.

A. Rs. 110

B. Rs. 100

C. Rs. 98

D. Rs. 95

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Correct Answer: Option B

Explanation:
CP = 105/1.05 = 100.

This question belongs to: Maths Profit And Loss

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