A trader marks his goods 65% 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 65% above cost and gives a discount of 30%. What is his profit percent?

A. 12%

B. 15.5%

C. 20%

D. 18%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let CP = 100, MP = 165, SP = 165*0.7 = 115.5, profit = 15.5%.

This question belongs to: Maths Profit And Loss

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Question #1

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A reduction of 10% in the price of wheat enables a man to buy 5 kg more for Rs. 450. What was the original price per kg?

A. Rs. 10

B. Rs. 9

C. Rs. 8

D. Rs. 12

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Correct Answer: Option A

Explanation:
Let original price = P. Reduced price = 0.9P. (450 / 0.9P) - (450 / P) = 5. (500 / P) - (450 / P) = 5. 50 / P = 5. P = 10.

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Question #2

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If the cost price of 8 articles is equal to the selling price of 6 articles, find the gain percent.

A. 20%

B. 33.33%

C. 30%

D. 25%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1. CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 1.333. Gain = 33.33%.

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Question #3

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A tradesman marks his goods 25% above the cost price and allows a 10% discount for cash payment. If he earns a profit of Rs. 50, what is the cost price?

A. Rs. 380

B. Rs. 450

C. Rs. 350

D. Rs. 400

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Correct Answer: Option D

Explanation:
Let Cost Price = 100x. Marked Price = 125x. Selling Price = 125x * 0.90 = 112.5x. Profit = 12.5x. 12.5x = 50. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss

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