A trader marks his goods 40% above the cost price and allows a discount of 15%. What is his actual profit percentage? MCQ with Answer and Explanation

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A trader marks his goods 40% above the cost price and allows a discount of 15%. What is his actual profit percentage?

A. 21%

B. 25%

C. 19%

D. 18%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let CP = 100. Marked Price (MP) = 140. Discount = 15% of 140 = 21. Selling Price (SP) = 140 - 21 = 119. Profit % = ((119 - 100) / 100) * 100 = 19%.

This question belongs to: Maths Profit And Loss

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Question #1

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Find the single discount equivalent to two successive discounts of 20% and 30%.

A. 50%

B. 46%

C. 44%

D. 56%

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Correct Answer: Option C

Explanation:
Equivalent discount = 20 + 30 - (20 * 30 / 100) = 50 - 6 = 44%.

This question belongs to: Maths Profit And Loss

Question #2

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

A. 10%

B. 12%

C. 15%

D. 8%

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Correct Answer: Option D

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Question #3

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After allowing a discount of 16%, a shopkeeper still earns a profit of 5%. What is the marked price if the cost price is Rs. 400?

A. Rs. 550

B. Rs. 500

C. Rs. 450

D. Rs. 520

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Correct Answer: Option B

Explanation:
SP = 105% of 400 = 420. Marked Price (MP) - 16% of MP = SP. 0.84 * MP = 420. MP = 420 / 0.84 = Rs. 500.

This question belongs to: Maths Profit And Loss

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