A shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is his net profit percentage? MCQ with Answer and Explanation

A shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is his net profit percentage?

A. 8%

B. 10%

C. 15%

D. 12%

Answer: Option A

Let Cost Price = 100. Marked Price = 120. Selling Price after 10% discount = 120 * 0.90 = 108. Profit = 108 - 100 = 8. Net profit percentage = 8%.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A trader gives a discount of 20% on the marked price and still gains 10%. If the cost price is Rs. 500, find the marked price.

A. Rs. 600

B. Rs. 650

C. Rs. 687.5

D. Rs. 700

Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the cost price of an article is Rs. 200 and the selling price is Rs. 240, what is the profit percentage?

A. 30%

B. 25%

C. 15%

D. 20%

Correct Answer: Option D

Explanation:
Profit = 40, profit% = 40/200*100=20%.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A person bought a cycle for Rs. 2000 and sold it for Rs. 2400. What is his profit percentage?

A. 20%

B. 30%

C. 15%

D. 25%

Correct Answer: Option A

Explanation:
Profit = 400, profit% = 400/2000*100 = 20%.

This question belongs to: Maths Profit And Loss