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. 5%

B. 0%

C. 2%

D. 10%

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys a toy for Rs. 200 and sells it for Rs. 180. What is the loss percentage?

A. 20%

B. 15%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
Loss = 20, loss% = 20/200*100=10%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a shirt for Rs. 800, making a profit of 25%. What is the cost price?

A. Rs. 660

B. Rs. 620

C. Rs. 680

D. Rs. 640

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Correct Answer: Option D

Explanation:
CP = 800/1.25 = 640.

This question belongs to: Maths Profit And Loss

Question #3

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A person sells a watch for Rs. 1750, losing 30%. Find the cost price.

A. Rs. 2600

B. Rs. 2500

C. Rs. 2400

D. Rs. 2300

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Correct Answer: Option B

Explanation:
SP = 70% of CP => CP = 1750 / 0.7 = 2500.

This question belongs to: Maths Profit And Loss

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