A trader marks his goods 25% above cost and gives a discount of 20%. 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 20%. What is his profit percent?

A. 0%

B. 2%

C. 10%

D. 5%

Answer: Option A

Solution (By JKSSB Mock Tests)

The correct answer is Option A. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an item is Rs. 240 and the selling price is Rs. 216, what is the loss percentage?

A. 15%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
Loss = 24, loss% = 24/240*100=10%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 160 and the selling price is Rs. 192, what is the profit percentage?

A. 18%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Profit = 32, profit% = 32/160*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer sells two machines for Rs. 9600 each. On one he gains 20% and on the other he loses 20%. Find his total loss or gain in rupees.

A. Rs. 800 gain

B. No loss no gain

C. Rs. 400 loss

D. Rs. 800 loss

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Correct Answer: Option D

Explanation:
Cost Price of first machine = 9600 / 1.20 = 8000. Cost Price of second machine = 9600 / 0.80 = 12000. Total Cost Price = 8000 + 12000 = 20000. Total Selling Price = 9600 + 9600 = 19200. Loss = 20000 - 19200 = Rs. 800.

This question belongs to: Maths Profit And Loss

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