IIFT Practice Quiz

Question 1

A shopkeeper marks an article 25% above its cost price and allows a discount of 10% on the marked price. What is his profit percentage?

Accepted Answer

12.5%

Question 2

An article is marked 50% above cost price. A discount of 20% is allowed on the marked price, and due to a festival offer an additional discount of 10% is given on the discounted price. What is the final profit percentage?

Accepted Answer

8%

Question 3

A trader marks his goods 40% above cost price and allows two successive discounts of 10% and 5%. What is his profit percentage?

Accepted Answer

19.7%

Question 4

A trader sells an article at 25% profit. If both the cost price and selling price are increased by Rs. 100, the profit percentage becomes 20%. What was the original cost price?

Accepted Answer

Rs. 400

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