A dealer allows a discount of 10% on the marked price and still gains 15%. If the cost price is Rs. 500, find the marked price. MCQ with Answer and Explanation

Question

A dealer allows a discount of 10% on the marked price and still gains 15%. If the cost price is Rs. 500, find the marked price.

A. Rs. 638.89

B. Rs. 600

C. Rs. 650

D. Rs. 700

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 500*1.15 = 575. MP = 575 / 0.9 = 638.89.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

If the selling price of an article is Rs. 165 and the profit is 10%, find the cost price.

A. Rs. 150

B. Rs. 160

C. Rs. 155

D. Rs. 140

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 165 / 1.10 = 150.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 800 grams for 1 kg. What is his actual profit percentage?

A. 33.33%

B. 30%

C. 25%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
He gives 800 grams but charges for 1000 grams. Profit = 1000 - 800 = 200 grams. Profit percentage = (200 / 800) * 100 = 25%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

The cost price of 12 articles is equal to the selling price of 10 articles. Find the profit percentage.

A. 16.67%

B. 25%

C. 15%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let CP of 1 article = 1. CP of 12 = 12, SP of 10 = 12 => SP of 1 = 1.2. Profit = (1.2-1)/1 *100 = 20%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs