A trader marks his goods at 40% above the cost price and gives a discount of 20%. What is his profit percentage? MCQ with Answer and Explanation

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A trader marks his goods at 40% above the cost price and gives a discount of 20%. What is his profit percentage?

A. 15%

B. 8%

C. 12%

D. 10%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let CP = 100. Marked price = 140. After 20% discount, SP = 140*0.8 = 112. Profit = 12%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 12% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 681.82

B. Rs. 700

C. Rs. 660

D. Rs. 670

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Correct Answer: Option A

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.88 = 681.82.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells an article at Rs. 275, gaining 10%. What is the cost price?

A. Rs. 260

B. Rs. 240

C. Rs. 250

D. Rs. 255

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Correct Answer: Option C

Explanation:
CP = 275/1.1 = 250.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer allows a discount of 15% on an article and still gains 20%. If the cost price is Rs. 400, find the marked price.

A. Rs. 564.71

B. Rs. 550

C. Rs. 580

D. Rs. 540

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Correct Answer: Option A

Explanation:
SP = 400*1.2 = 480. MP = 480 / 0.85 = 564.71.

This question belongs to: Maths Profit And Loss

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