JIP-MAT Practice Quiz

Question 1

A shopkeeper marks an article at 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

A trader sells an item for Rs. 920 at a loss of 8%. What was the cost price of the item?

Accepted Answer

Rs. 1000

Question 3

A shopkeeper marks an article 50% above cost price. He gives a discount of 20% and still earns Rs. 120 profit. What is the cost price?

Accepted Answer

Rs. 600

Question 4

A trader marks his goods 40% above cost price and allows a discount of 15%. What is the profit percentage?

Accepted Answer

19%

Question 5

A shopkeeper gains 20% by selling an article for Rs. 360. If he wants to gain 35%, what should be the selling price?

Accepted Answer

Rs. 405

JIP-MAT