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. 10%

C. 6%

D. 8%

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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If the selling price of an article is Rs. 192 and the profit is 20%, find the cost price.

A. Rs. 180

B. Rs. 150

C. Rs. 160

D. Rs. 170

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Correct Answer: Option C

Explanation:
CP = 192 / 1.20 = 160.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a house and a car for Rs. 5,00,000 each. He sells the house at a 20% profit and the car at a 10% loss. What is his overall profit or loss percentage?

A. 2.5% profit

B. 5% loss

C. 10% profit

D. 5% profit

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Correct Answer: Option D

Explanation:
Total Cost Price = 10,00,000. Profit on house = 1,00,000. Loss on car = 50,000. Net profit = 50,000. Profit percentage = (50,000 / 10,00,000) * 100 = 5% profit.

This question belongs to: Maths Profit And Loss