A trader marks his goods 30% above cost and gives a discount of 15%. What is his profit percent? MCQ with Answer and Explanation

Question

Share Report Error

A trader marks his goods 30% above cost and gives a discount of 15%. What is his profit percent?

A. 12%

B. 15%

C. 10.5%

D. 9%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let CP = 100. MP = 130. SP = 130 * 0.85 = 110.5. Profit = 10.5%.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

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

A. 30%

B. 20%

C. 15%

D. 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

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

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If the cost price of an article is Rs. 600 and the selling price is Rs. 540, what is the loss percentage?

A. 12%

B. 8%

C. 10%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Loss = 60, loss% = 60/600*100 = 10%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the selling price of an article is Rs. 630 and the profit is 5%, find the cost price.

A. Rs. 610

B. Rs. 600

C. Rs. 590

D. Rs. 620

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 630 / 1.05 = 600.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs