A trader marks his goods 45% 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 45% above cost and gives a discount of 20%. What is his profit percent?

A. 16%

B. 20%

C. 15%

D. 25%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 145, SP = 145*0.8 = 116, profit = 16%.

This question belongs to: Maths Profit And Loss

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Question #1

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The cost price of an article is Rs. 600. If it is sold at a profit of 10%, what is the selling price?

A. Rs. 640

B. Rs. 660

C. Rs. 670

D. Rs. 650

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Correct Answer: Option B

Explanation:
SP = 600*1.1 = 660.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper allows a discount of 10% on an article marked at Rs. 800. What is the selling price?

A. Rs. 740

B. Rs. 760

C. Rs. 700

D. Rs. 720

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Correct Answer: Option D

Explanation:
SP = 800 * 0.90 = 720.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells an article at a profit of 12%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 290

B. Rs. 280

C. Rs. 275

D. Rs. 285

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Correct Answer: Option B

Explanation:
SP = 250*1.12 = 280.

This question belongs to: Maths Profit And Loss

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