Selected MCQ

Current Question
A dealer marks goods 20% above cost and gives a discount to make 8% profit. What is the discount?
  • A. 12%
  • B. 10%
  • C. 6%
  • D. 4%
Correct Answer: B
Explanation:
Net effect gives a discount = 10%.
Related Question 1
A shopkeeper marks goods 25% above the cost price and gives 10% discount. What is his profit percent ____.
  • A. 10%
  • B. 12.5%
  • C. 15%
  • D. 20%
Correct Answer: B
Explanation:
Net gain = (1.25 × 0.9 − 1) × 100.
Related Question 2
A dishonest dealer uses false weights. He marks goods at cost price but still makes a 20% profit. What is the effective weight used instead of 1 kg?
  • A. 855.5 g
  • B. 833.33 g
  • C. 875 g
  • D. 900 g
Correct Answer: B
Explanation:
A 20% gain means he gives 100/120 × 1000 = 833.33 g.
Related Question 3
A trader marks goods 20% above cost and gives 10% discount. Gain percent is ____.
  • A. 10%
  • B. 8%
  • C. 5%
  • D. 6%
Correct Answer: B
Explanation:
Effective gain = 8%.
Related Question 4
A shopkeeper marks goods 20% above cost and allows 30% discount. What is net profit/loss percent?
  • A. 8% profit
  • B. 10% loss
  • C. 16% loss
  • D. 20% loss
Correct Answer: C
Explanation:
Effective loss = 1 − (1.2 × 0.7) = 16%.
Related Question 5
A trader marks the price 30% above the cost and gives a discount. Final price is ____.
  • A. Rs. 2250
  • B. Rs. 2000
  • C. Rs. 2150
  • D. Rs. 2200
Correct Answer: B
Explanation:
Net effect calculation.