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

Question

Share Report Error

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

A. 21.5%

B. 18%

C. 25%

D. 20%

Answer: Option A

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

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

An article is sold at a 15% profit. If its cost price decreases by 10% and selling price decreases by Rs. 21, the profit becomes 20%. Find the initial cost price.

A. Rs. 280

B. Rs. 250

C. Rs. 320

D. Rs. 300

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 115x. New Cost Price = 90x. New Selling Price = 90x * 1.20 = 108x. Difference = 115x - 108x = 7x. 7x = 21. x = 3. Initial Cost Price = 100 * 3 = 300.

This question belongs to: Maths Profit And Loss