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

Share Report Error

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. 40%

B. 45%

C. 35%

D. 30%

Answer: Option A

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

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

If the selling price of an article is Rs. 540 and the loss is 10%, what is the cost price?

A. Rs. 500

B. Rs. 580

C. Rs. 560

D. Rs. 600

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let CP = x. Loss 10% => SP = 90% of x = 540 => x = 540/0.9 = 600.

This question belongs to: Maths Profit And Loss

Question #2

A shopkeeper sells a watch for Rs. 1980, losing 10%. Find the cost price.

A. Rs. 2000

B. Rs. 2100

C. Rs. 2200

D. Rs. 2300

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 1980/0.9 = 2200.

This question belongs to: Maths Profit And Loss

Question #3

A person buys 10 oranges for Rs. 20 and sells 8 oranges for Rs. 20. What is the profit or loss percentage?

A. Profit 20%

B. Profit 25%

C. No profit no loss

D. Loss 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP per orange = 20/10 = 2. SP per orange = 20/8 = 2.5. Profit = 0.5, profit% = (0.5/2)*100 = 25%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs