A trader marks his goods at 20% above CP and gives a discount of 10%. What is his profit percent? MCQ with Answer and Explanation

Question

Share Report Error

A trader marks his goods at 20% above CP and gives a discount of 10%. What is his profit percent?

A. 15%

B. 12%

C. 8%

D. 10%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let CP=100, MP=120, SP=120*0.9=108, profit=8%.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs. 55 more, he would have had a profit of 40%. The cost price of the article is:

A. Rs. 250

B. Rs. 225

C. Rs. 200

D. Rs. 275

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let original CP = 100x. SP = 90x. New CP = 80x. New SP = 90x + 55. Profit is 40% of 80x = 32x. New SP = 80x + 32x = 112x. 112x - 90x = 55. 22x = 55. x = 2.5. CP = 100 * 2.5 = Rs. 250.

This question belongs to: Maths Profit And Loss