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. 19%

B. 18%

C. 20%

D. 15%

Answer: Option A

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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Question #1

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A trader marks his goods 25% above cost and gives a discount of 12%. What is his profit percent?

A. 12%

B. 15%

C. 8%

D. 10%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 125, SP = 125*0.88 = 110, profit = 10%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 480 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 560

B. Rs. 540

C. Rs. 550

D. Rs. 552

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Correct Answer: Option D

Explanation:
SP = 480 * 1.15 = 552.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 55% above cost and gives a discount of 25%. What is his profit percent?

A. 15%

B. 18%

C. 16.25%

D. 20%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 155, SP = 155*0.75 = 116.25, profit = 16.25%.

This question belongs to: Maths Profit And Loss

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