A trader marks his goods 40% above the cost price and allows a discount of 15%. What is his actual profit percentage? MCQ with Answer and Explanation

A trader marks his goods 40% above the cost price and allows a discount of 15%. What is his actual profit percentage?

A. 21%

B. 18%

C. 25%

D. 19%

Answer: Option D

Let CP = 100. Marked Price (MP) = 140. Discount = 15% of 140 = 21. Selling Price (SP) = 140 - 21 = 119. Profit % = ((119 - 100) / 100) * 100 = 19%.

This question belongs to: Maths Profit And Loss

No comments yet. Be the first to start the discussion!

Question #1 Report Error

A shopkeeper sells an item at a profit of 25%. If the cost price is Rs. 800, what is the selling price?

A. Rs. 1000

B. Rs. 1050

C. Rs. 900

D. Rs. 1100

Correct Answer: Option A

Explanation:
SP = CP + 25% of CP = 800 + 200 = Rs. 1000.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A person bought a watch for Rs. 2000 and sold it for Rs. 1600. What is the loss percentage?

A. 30%

B. 20%

C. 25%

D. 15%

Correct Answer: Option B

Explanation:
Loss = 400, loss% = (400/2000)*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If the selling price of an article is Rs. 450 and the profit is 12.5%, find the cost price.

A. Rs. 420

B. Rs. 410

C. Rs. 380

D. Rs. 400

Correct Answer: Option D

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss