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 item is sold for Rs. 920 at a loss of 8%. What is its cost price?

Accepted Answer

Rs. 1000

Question 3

A dishonest dealer professes to sell goods at cost price but uses a weight that is 25% less than the true weight. What is his profit percentage?

Accepted Answer

33.33%

Question 4

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 5

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%

IIFT

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