A trader marks his goods 55% 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 55% above cost and gives a discount of 25%. What is his profit percent?

A. 16.25%

B. 15%

C. 20%

D. 18%

Answer: Option A

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 155, SP = 155*0.75 = 116.25, profit = 16.25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a shirt at Rs. 880, gaining 10%. Find the cost price.

A. Rs. 780

B. Rs. 840

C. Rs. 800

D. Rs. 820

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Correct Answer: Option C

Explanation:
CP = 880/1.1 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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An article is sold at Rs. 540, earning a profit of 8%. What is the cost price?

A. Rs. 510

B. Rs. 480

C. Rs. 520

D. Rs. 500

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Correct Answer: Option D

Explanation:
CP = 540 / 1.08 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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A trader gives a discount of 20% on the marked price and still gains 20%. If the marked price is Rs. 1500, what is the cost price?

A. Rs. 900

B. Rs. 1000

C. Rs. 1100

D. Rs. 1200

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Correct Answer: Option B

Explanation:
SP = 1500*0.8 = 1200. CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

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