A trader marks his goods 40% above cost and gives a discount of 15%. What is his profit percent? MCQ with Answer and Explanation

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A trader marks his goods 40% above cost and gives a discount of 15%. What is his profit percent?

A. 15%

B. 19%

C. 18%

D. 20%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 140, SP = 140*0.85 = 119, profit = 19%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

A shopkeeper sells a bag for Rs. 600, losing 25%. Find the cost price.

A. Rs. 800

B. Rs. 850

C. Rs. 750

D. Rs. 780

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Correct Answer: Option A

Explanation:
SP = 75% of CP => CP = 600 / 0.75 = 800.

This question belongs to: Maths Profit And Loss

Question #2

The cost price of an article is Rs. 600. If it is sold at a profit of 10%, what is the selling price?

A. Rs. 670

B. Rs. 640

C. Rs. 660

D. Rs. 650

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Correct Answer: Option C

Explanation:
SP = 600*1.1 = 660.

This question belongs to: Maths Profit And Loss

Question #3

If a loss of 15% on an item is Rs. 45, what is its cost price?

A. Rs. 400

B. Rs. 300

C. Rs. 350

D. Rs. 250

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Correct Answer: Option B

Explanation:
15% of CP = 45. CP = (45 / 15) * 100 = Rs. 300.

This question belongs to: Maths Profit And Loss

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