A trader marks his goods 40% above cost and gives a discount of 20%. What is his profit percent? MCQ with Answer and Explanation

Question

Share Report Error

A trader marks his goods 40% above cost and gives a discount of 20%. What is his profit percent?

A. 12%

B. 10%

C. 15%

D. 8%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 140, SP = 140*0.8 = 112, profit = 12%.

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

By selling 36 oranges, a vendor suffers a loss equal to the selling price of 4 oranges. Find his loss percentage.

A. 11.11%

B. 10%

C. 9.09%

D. 12.5%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Loss = Cost Price of 36 - Selling Price of 36. Loss = Selling Price of 4. Selling Price of 4 = Cost Price of 36 - Selling Price of 36. 40 * Selling Price = 36 * Cost Price. Selling Price / Cost Price = 36 / 40 = 9 / 10. Loss percentage = 10%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A man sells two articles for Rs. 396 each. On one, he gains 10% and on the other, he loses 10%. Find his total profit or loss in rupees.

A. Rs. 8 loss

B. Rs. 8 profit

C. Rs. 4 loss

D. No profit no loss

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Cost Price 1 = 396 / 1.10 = 360. Cost Price 2 = 396 / 0.90 = 440. Total Cost Price = 800. Total Selling Price = 792. Loss = 800 - 792 = Rs. 8.

This question belongs to: Maths Profit And Loss