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

A. 17%

B. 20%

C. 18%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper marks his goods 70% above cost and gives a discount of 40%. What is his profit percent?

A. 8%

B. 10%

C. 2%

D. 5%

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Correct Answer: Option C

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Question #2

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If the cost price of an article is Rs. 480 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 550

B. Rs. 552

C. Rs. 560

D. Rs. 540

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Correct Answer: Option B

Explanation:
SP = 480 * 1.15 = 552.

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Question #3

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If the cost price of 10 articles is equal to the selling price of 8 articles, find the profit percentage.

A. 15%

B. 30%

C. 25%

D. 20%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, profit = 25%.

This question belongs to: Maths Profit And Loss

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