A trader marks his goods 40% above cost price and gives a discount of 10%. Find his profit percentage.
Difficulty: Hard
About this MCQ
Hard Profit and Loss Mcqs item. Correct choice: A. 26%.
- A. 26% ✓
- B. 30%
Why not B: “30%” is not 26%.
- C. 24%
Why not C: “24%” is not 26%.
- D. 20%
Why not D: “20%” is not 26%.
Correct answer
A. 26%
Explanation
26% (option A) is the accepted answer to “A trader marks his goods 40% above cost price and gives a discount of 10%. Find his profit percentage.”. Option B (30%) is a different value from 26%. Option C (24%) is a different value from 26%. Option D (20%) is a different value from 26%. Keep 26% as the Profit and Loss Mcqs fact for this stem.
Source: FPSC/NTS Past Papers
Tags: FPSC, Profit and Loss, Markup
Submitted by: MCQsHub Editorial
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