A fruit vendor buys 5 apples for Rs. 4 and sells 4 apples for Rs. 5. What is his profit percentage? MCQ with Answer and Explanation
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Question #1
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A trader marks his goods 30% above cost and gives a discount of 10%. What is his profit percent?
Correct Answer: Option B
Explanation:
Let CP = 100, MP = 130, SP = 130*0.9 = 117, profit = 17%.
Let CP = 100, MP = 130, SP = 130*0.9 = 117, profit = 17%.
This question belongs to:
Maths
Profit And Loss
Question #2
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A merchant sells two-thirds of his goods at a 6% profit and the rest at a 3% loss. If his overall profit is Rs. 540, what is the total value of the goods?
Correct Answer: Option B
Explanation:
Let total goods value = X. Net profit percentage = (2/3 * 6%) + (1/3 * -3%) = 4% - 1% = 3%. 3% of X = 540. X = (540 / 3) * 100 = 18000.
Let total goods value = X. Net profit percentage = (2/3 * 6%) + (1/3 * -3%) = 4% - 1% = 3%. 3% of X = 540. X = (540 / 3) * 100 = 18000.
This question belongs to:
Maths
Profit And Loss
Question #3
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A shopkeeper sells a book for Rs. 440, gaining 10%. Find the cost price.
Correct Answer: Option C
Explanation:
CP = 440 / 1.10 = 400.
CP = 440 / 1.10 = 400.
This question belongs to:
Maths
Profit And Loss
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