A trader marks his goods 50% above cost and gives a discount of 30%. What is his profit percent? MCQ with Answer and Explanation

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A trader marks his goods 50% above cost and gives a discount of 30%. What is his profit percent?

A. 10%

B. 5%

C. 20%

D. 15%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 150, SP = 150*0.7 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

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If the selling price of an item becomes half, the loss becomes three times the initial loss. What was the initial loss percentage?

A. 15%

B. 25%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
Let Cost Price = 100 and initial Selling Price = x. Initial loss = 100 - x. New Selling Price = x / 2. New loss = 100 - (x / 2). 100 - (x / 2) = 3 * (100 - x). 100 - 0.5x = 300 - 3x. 2.5x = 200. x = 80. Initial loss = 100 - 80 = 20. Loss percentage = 20%.

This question belongs to: Maths Profit And Loss