A trader marks his goods 45% above cost and gives a discount of 25%. 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 25%. What is his profit percent?

A. 10%

B. 8.75%

C. 12%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 145, SP = 145*0.75 = 108.75, profit = 8.75%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a table for Rs. 2400, losing 20%. Find the cost price.

A. Rs. 3200

B. Rs. 3000

C. Rs. 2500

D. Rs. 2800

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Correct Answer: Option B

Explanation:
CP = 2400/0.8 = 3000.

This question belongs to: Maths Profit And Loss

Question #2

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A person bought a watch for Rs. 1200 and sold it for Rs. 1500. What is the profit percentage?

A. 30%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option C

Explanation:
Profit = 300, profit% = 300/1200*100=25%.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 288 and the loss is 10%, find the cost price.

A. Rs. 340

B. Rs. 310

C. Rs. 300

D. Rs. 320

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 288 / 0.9 = 320.

This question belongs to: Maths Profit And Loss

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