A trader marks his goods 50% above cost and gives a discount of 40%. What is his profit or loss percent? MCQ with Answer and Explanation

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A trader marks his goods 50% above cost and gives a discount of 40%. What is his profit or loss percent?

A. Loss 10%

B. Loss 5%

C. Profit 10%

D. No profit no loss

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 150, SP = 150*0.6 = 90, loss = 10%.

This question belongs to: Maths Profit And Loss

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Question #1

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

A. 25%

B. 20%

C. 15%

D. 16%

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Correct Answer: Option D

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

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 25% on the marked price and still gains 25%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1050

B. Rs. 1000

C. Rs. 950

D. Rs. 900

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Correct Answer: Option B

Explanation:
SP = 600*1.25 = 750. MP = 750 / 0.75 = 1000.

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Question #3

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A shopkeeper mixes two qualities of rice priced at Rs. 40/kg and Rs. 50/kg in the ratio 3:2. At what price per kg should he sell the mixture to gain 20%?

A. Rs. 50.40

B. Rs. 54.00

C. Rs. 52.80

D. Rs. 51.60

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Correct Answer: Option C

Explanation:
Cost of 5kg mixture = (3 * 40) + (2 * 50) = 120 + 100 = 220. CP per kg = 220 / 5 = 44. To gain 20%, SP = 44 * 1.2 = Rs. 52.80.

This question belongs to: Maths Profit And Loss

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