A tradesman marks his goods 25% above the cost price and allows a 10% discount for cash payment. If he earns a profit of Rs. 50, what is the cost price? MCQ with Answer and Explanation

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A tradesman marks his goods 25% above the cost price and allows a 10% discount for cash payment. If he earns a profit of Rs. 50, what is the cost price?

A. Rs. 380

B. Rs. 450

C. Rs. 400

D. Rs. 350

Answer: Option C

Solution (By JKExamLibrary)

Let Cost Price = 100x. Marked Price = 125x. Selling Price = 125x * 0.90 = 112.5x. Profit = 12.5x. 12.5x = 50. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A person buys a house and a car for Rs. 5,00,000 each. He sells the house at a 20% profit and the car at a 10% loss. What is his overall profit or loss percentage?

A. 5% profit

B. 10% profit

C. 5% loss

D. 2.5% profit

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
Total Cost Price = 10,00,000. Profit on house = 1,00,000. Loss on car = 50,000. Net profit = 50,000. Profit percentage = (50,000 / 10,00,000) * 100 = 5% profit.

This question belongs to: Maths Profit And Loss