Selected MCQ

Current Question
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 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 trader marks goods 20% above cost and allows 20% discount. Result is ____.
  • A. No profit
  • B. 4% profit
  • C. 2% loss
  • D. None
Correct Answer: D
Explanation:
Slight loss occurs; none of the exact options.
Related Question 3
A trader marks the price 10% above the cost. What discount results in no profit, no loss?
  • A. 10%
  • B. 10.5%
  • C. 11%
  • D. 12.5%
Correct Answer: A
Explanation:
A discount equal to the markup cancels profit.
Related Question 4
A shopkeeper sells goods worth Rs. 25000 at 20% profit and the rest at 10% loss. Find the total cost price.
  • A. Rs. 25000
  • B. Rs. 20000
  • C. Rs. 15000
  • D. Rs. 22000
Correct Answer: B
Explanation:
Net adjustment gives a total CP of Rs. 20000.
Related Question 5
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%.