A trader marks his goods 35% 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 35% above cost and gives a discount of 10%. What is his profit percent?

A. 18%

B. 21.5%

C. 20%

D. 25%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 135, SP = 135*0.9 = 121.5, profit = 21.5%.

This question belongs to: Maths Profit And Loss

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Question #1

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A man bought a chair for Rs. 600 and sold it for Rs. 720. What is the gain percent?

A. 30%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Gain = 120, gain% = 120/600*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a shirt for Rs. 560, gaining 40%. Find the cost price.

A. Rs. 380

B. Rs. 440

C. Rs. 420

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 560 / 1.40 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 240 and the selling price is Rs. 288, what is the profit percentage?

A. 25%

B. 18%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 48, profit% = 48/240*100 = 20%.

This question belongs to: Maths Profit And Loss

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