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

A. 12%

B. 8%

C. 10%

D. 15%

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

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Question #1

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A shopkeeper marks his goods 40% above cost and gives a discount of 10%. What is his profit percent?

A. 20%

B. 25%

C. 26%

D. 30%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 140, SP = 140*0.9 = 126, profit = 26%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 500 and the selling price is Rs. 450, what is the loss percentage?

A. 12%

B. 8%

C. 15%

D. 10%

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Correct Answer: Option D

Explanation:
Loss = 50, loss% = 50/500*100 = 10%.

This question belongs to: Maths Profit And Loss

Question #3

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A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?

A. 18%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Gain = 30, gain% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

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