A trader marks his goods 35% 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 35% above cost and gives a discount of 20%. What is his profit percent?

A. 8%

B. 15%

C. 12%

D. 10%

Answer: Option A

Solution (By JKSSB Mock Tests)

The correct answer is Option A. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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A grocer sells rice at a profit of 20% and uses weights which are 25% less than the marked weight. What is his total percentage gain?

A. 50%

B. 60%

C. 65%

D. 55%

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Correct Answer: Option B

Explanation:
He gives 750g for the price of 1000g + 20% profit = 1200g. Profit = 1200 - 750 = 450. Profit percentage = (450 / 750) * 100 = 60%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 250 and the selling price is Rs. 200, what is the loss percentage?

A. 20%

B. 15%

C. 30%

D. 25%

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Correct Answer: Option A

Explanation:
Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 216 and the profit is 8%, find the cost price.

A. Rs. 200

B. Rs. 208

C. Rs. 210

D. Rs. 190

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Correct Answer: Option A

Explanation:
CP = 216 / 1.08 = 200.

This question belongs to: Maths Profit And Loss

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