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. 15.5%

B. 18%

C. 20%

D. 12%

Answer: Option A

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 trader marks his goods 35% above cost and gives a discount of 20%. What is his profit percent?

A. 8%

B. 10%

C. 12%

D. 15%

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a bag for Rs. 300 and sells it for Rs. 360. What is the gain percent?

A. 15%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 60, gain% = 60/300*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A trader mixes 26 kg of wheat at Rs. 20/kg with 30 kg of wheat at Rs. 36/kg and sells the mixture at Rs. 30/kg. What is his profit percentage?

A. 5.6%

B. 6.25%

C. 4%

D. 5%

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Correct Answer: Option D

Explanation:
Total Cost Price = (26 * 20) + (30 * 36) = 520 + 1080 = 1600. Total quantity = 56 kg. Total Selling Price = 56 * 30 = 1680. Profit = 80. Profit percentage = (80 / 1600) * 100 = 5%.

This question belongs to: Maths Profit And Loss

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