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. 15%

B. 10%

C. 8.75%

D. 12%

Answer: Option C

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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If the cost price of 8 apples equals the selling price of 6 apples, what is the profit percentage?

A. 40%

B. 33.33%

C. 50%

D. 25%

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Correct Answer: Option B

Explanation:
8 * CP = 6 * SP. SP/CP = 8/6 = 4/3. Profit = 4 - 3 = 1. Profit % = (1/3) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 800

B. Rs. 820

C. Rs. 840

D. Rs. 780

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Correct Answer: Option A

Explanation:
CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 340 and the loss is 15%, find the cost price.

A. Rs. 380

B. Rs. 400

C. Rs. 410

D. Rs. 390

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Correct Answer: Option B

Explanation:
SP = 85% of CP => CP = 340 / 0.85 = 400.

This question belongs to: Maths Profit And Loss

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