A trader marks his goods 30% 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 30% above cost and gives a discount of 20%. What is his profit percent?

A. 4%

B. 8%

C. 6%

D. 10%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 130, SP = 130*0.8 = 104, profit = 4%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper allows a discount of 10% on his goods and still makes a profit of 20%. If the marked price is Rs. 1200, what is the cost price?

A. Rs. 900

B. Rs. 1000

C. Rs. 950

D. Rs. 850

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Correct Answer: Option A

Explanation:
SP after discount = 1200*0.9 = 1080. CP = 1080 / 1.2 = 900.

This question belongs to: Maths Profit And Loss

Question #2

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The selling price of an article is 8/5 times its cost price. Find the profit percentage.

A. 60%

B. 75%

C. 50%

D. 40%

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Correct Answer: Option A

Explanation:
Selling Price = (8/5) * Cost Price. Selling Price / Cost Price = 1.6. Profit = 0.6 of Cost Price. Profit percentage = 60%.

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Question #3

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A man sells an item for Rs. 450, gaining 12.5%. What is the cost price?

A. Rs. 420

B. Rs. 380

C. Rs. 410

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

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