A shopkeeper marks his goods 40% above cost price and allows a discount of 25%. Find his gain percent. MCQ with Answer and Explanation

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A shopkeeper marks his goods 40% above cost price and allows a discount of 25%. Find his gain percent.

A. 5%

B. 3%

C. 4%

D. 6%

Answer: Option A

Solution (By JKExamLibrary)

CP=100, MP=140, SP=140×0.75=105, gain 5%.

This question belongs to: Maths Percentage

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Practice More Percentage Questions

Question #1

What percent of 80 is 20?

A. 30%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option C

Explanation:
(20/80) × 100 = 25%.

This question belongs to: Maths Percentage

Question #2

A number is decreased by 25% and then increased by 25%. The net change is:

A. 6.25% increase

B. No change

C. 6.25% decrease

D. 5% decrease

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Correct Answer: Option C

Explanation:
0.75 × 1.25 = 0.9375, decrease 6.25%.

This question belongs to: Maths Percentage

Question #3

A number divided by 4, quotient increased by 25% then decreased by 20% gives 150. Number:

A. 540

B. 600

C. 560

D. 640

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Correct Answer: Option B

Explanation:
(N/4)×1.25×0.8 = (N/4)×1 = 150 → N/4=150 → N=600.

This question belongs to: Maths Percentage

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