After allowing a discount of 20% on the marked price, a trader makes a profit of 12%. If the goods were sold at the marked price without discount, what would be the profit percentage? MCQ with Answer and Explanation

Question

After allowing a discount of 20% on the marked price, a trader makes a profit of 12%. If the goods were sold at the marked price without discount, what would be the profit percentage?

A. 45%

B. 35%

C. 40%

D. 30%

Answer: Option C

Solution (By JKSSB Mock Tests)

Let Cost Price = 100. Selling Price = 112. Marked Price * 0.80 = 112. Marked Price = 140. Profit at Marked Price = 140 - 100 = 40. Profit percentage = 40%.

This question belongs to: Maths Profit And Loss

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A man sells a watch at a profit of 20%. If he had bought it at 10% less and sold it for Rs. 30 less, he would have gained 20%. Find the initial cost price.

A. Rs. 300

B. Rs. 150

C. Rs. 200

D. Rs. 250

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Correct Answer: Option D

Explanation:
Let original CP = 100x. Original SP = 120x. New CP = 90x. New SP = 120x - 30. Profit is 20% on 90x = 18x. So, 90x + 18x = 120x - 30. 108x = 120x - 30. 12x = 30. x = 2.5. Original CP = 100 * 2.5 = Rs. 250.

This question belongs to: Maths Profit And Loss