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 5%

B. No profit no loss

C. Profit 10%

D. Loss 10%

Answer: Option D

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 50% above cost and gives a discount of 25%. What is his profit percent?

A. 12.5%

B. 10%

C. 20%

D. 15%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 150, SP = 150*0.75 = 112.5, profit = 12.5%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 450 and the profit is 12.5%, find the cost price.

A. Rs. 420

B. Rs. 400

C. Rs. 410

D. Rs. 380

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Correct Answer: Option B

Explanation:
CP = 450/1.125 = 400.

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Question #3

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If the cost price of an article is Rs. 320 and the selling price is Rs. 400, what is the profit percentage?

A. 20%

B. 30%

C. 15%

D. 25%

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Correct Answer: Option D

Explanation:
Profit = 80, profit% = 80/320*100 = 25%.

This question belongs to: Maths Profit And Loss

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