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. 18%

C. 25%

D. 19%

Answer: Option D

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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A dishonest dealer professes to sell his goods at cost price, but uses a 750 gram weight for 1 kg. Find his gain percentage.

A. 30%

B. 25%

C. 33.33%

D. 20%

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Correct Answer: Option C

Explanation:
Goods given = 750g. Goods charged for = 1000g. Gain = 250g. Gain percentage = (250 / 750) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a chair for Rs. 800, gaining 25%. Find the cost price.

A. Rs. 620

B. Rs. 640

C. Rs. 680

D. Rs. 660

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Correct Answer: Option B

Explanation:
CP = 800/1.25 = 640.

This question belongs to: Maths Profit And Loss

Question #3

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A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. The marked price is increased above the cost price by:

A. 50%

B. 40%

C. 60%

D. 65%

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Correct Answer: Option A

Explanation:
Let MP of 1 article = 100. Customer gets 16 articles but pays for 15. Total paid = 15 * 96 (4% discount) = 1440. Total CP of 16 articles = 16x. SP = 1440. Profit = 35%. 1.35 * 16x = 1440. 21.6x = 1440. x = 1440 / 21.6 = 66.66. MP is 100. Increase % = ((100 - 66.66) / 66.66) * 100 = 50%.

This question belongs to: Maths Profit And Loss

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