Profit, Loss and Discount Questions

Multiple choice
  1. 94.5%

  2. 99.5%

  3. 100%

  4. 120.5%

  5. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP = 100. Marked Price (MP) = 105 (since 5% profit). New MP = 3 * 105 = 315. Discount = 30% of 315 = 94.5. Selling Price = 315 - 94.5 = 220.5. Profit = 220.5 - 100 = 120.5%.

Multiple choice
  1. 10%

  2. 12%

  3. 15%

  4. 18%

  5. None

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the first discount be x percent. The price after the first discount is 950 * (1 - x/100). Applying the second discount of 20 percent, the final price is 950 * (1 - x/100) * 0.8 = 668.80. Solving for x gives (1 - x/100) = 668.80 / (950 * 0.8) = 668.80 / 760 = 0.88. Thus, x = 12 percent.