Profit, Loss and Discount Questions

Multiple choice
  1. 12.5%

  2. 14%

  3. 15%

  4. 16%

  5. 18%

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

Let CP = 100, MP = 150. First discount 20% of 150 = 30, price becomes 120. Second discount 5% of 120 = 6, price becomes 114. Gain = 114 - 100 = 14%.

Multiple choice
  1. 20.84%

  2. 21.11%

  3. 21.42%

  4. None of these

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

30% CP = 21% SP => SP = (30/21) * CP = (10/7) * CP. Profit = (10/7 - 1) = 3/7 = 42.85%. With a 15% discount on SP, new SP = 0.85 * (10/7) * CP = 8.5/7 * CP = 1.21428 * CP. Profit = 21.42%.