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. 15%

B. 25%

C. 16%

D. 20%

Answer: Option C

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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A grocer sells rice at a profit of 10% and uses weights which are 20% less than the marked weight. Find his total gain percentage.

A. 37.5%

B. 35%

C. 30%

D. 40%

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Correct Answer: Option A

Explanation:
Let 1000g cost Rs. 100. He sells 800g (cost Rs. 80) for Rs. 110. Profit = 110 - 80 = 30. Profit % = (30 / 80) * 100 = 37.5%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a watch for Rs. 1980, losing 10%. Find the cost price.

A. Rs. 2100

B. Rs. 2200

C. Rs. 2000

D. Rs. 2300

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Correct Answer: Option B

Explanation:
CP = 1980/0.9 = 2200.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper buys 200 pens at Rs. 12 each and sells 150 pens at Rs. 15 each and the remaining at Rs. 10 each. What is his profit or loss percentage?

A. No profit no loss

B. Profit 10%

C. Loss 6.25%

D. Profit 6.25%

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

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