A trader marks his goods 25% above cost and gives a discount of 12%. What is his profit percent? MCQ with Answer and Explanation

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A trader marks his goods 25% above cost and gives a discount of 12%. What is his profit percent?

A. 12%

B. 8%

C. 10%

D. 15%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 125, SP = 125*0.88 = 110, profit = 10%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a product for Rs. 630, losing 10%. Find the cost price.

A. Rs. 680

B. Rs. 720

C. Rs. 650

D. Rs. 700

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 630 / 0.9 = 700.

This question belongs to: Maths Profit And Loss

Question #2

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By selling 33 meters of cloth, a person gains an amount equal to the cost price of 11 meters. Find the profit percentage.

A. 30%

B. 33.33%

C. 25%

D. 50%

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Correct Answer: Option B

Explanation:
Let the cost price of 1 meter be 1. The cost price of 33 meters is 33. The profit is equal to the cost price of 11 meters, which is 11. Profit Percentage = (Profit / Cost Price) * 100 = (11 / 33) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 330 and the profit is 10%, find the cost price.

A. Rs. 290

B. Rs. 310

C. Rs. 300

D. Rs. 320

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Correct Answer: Option C

Explanation:
CP = 330 / 1.10 = 300.

This question belongs to: Maths Profit And Loss

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