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. 8%

B. 15%

C. 12%

D. 10%

Answer: Option A

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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If the profit is one-fourth of the selling price, find the true profit percentage on the cost price.

A. 20%

B. 40%

C. 25%

D. 33.33%

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Correct Answer: Option D

Explanation:
Let Selling Price = 100. Profit = 25. Cost Price = 100 - 25 = 75. Profit percentage = (25 / 75) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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By selling 20 meters of wire, a man gains the cost price of 4 meters. Find his profit percentage.

A. 20%

B. 30%

C. 25%

D. 15%

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Correct Answer: Option A

Explanation:
Let CP of 1 meter = 1. CP of 20 meters = 20. Profit = CP of 4 meters = 4. Profit % = (4/20) * 100 = 20%.

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Question #3

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A man sold a book at a 16% loss. Had he sold it for Rs. 42 more, he would have gained 12%. What is the cost price of the book?

A. Rs. 120

B. Rs. 150

C. Rs. 140

D. Rs. 160

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Correct Answer: Option B

Explanation:
Difference in percentage = 12% - (-16%) = 28%. 28% of Cost Price = 42. Cost Price = (42 / 28) * 100 = 150.

This question belongs to: Maths Profit And Loss

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