A dealer allows a discount of 15% on an article and still gains 20%. If the cost price is Rs. 400, find the marked price. MCQ with Answer and Explanation

Question

A dealer allows a discount of 15% on an article and still gains 20%. If the cost price is Rs. 400, find the marked price.

A. Rs. 540

B. Rs. 550

C. Rs. 564.71

D. Rs. 580

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 400*1.2 = 480. MP = 480 / 0.85 = 564.71.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of 10 articles is equal to the selling price of 12 articles, find the loss percent.

A. 10%

B. 16.67%

C. 15%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 12 = 10 => SP of 1 = 10/12 = 0.833, loss = 16.67%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sold a laptop for Rs. 18000, making a profit of 20%. Find the cost price.

A. Rs. 16000

B. Rs. 15000

C. Rs. 14000

D. Rs. 14500

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Correct Answer: Option B

Explanation:
CP = 18000/1.2 = 15000.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is doubled, the profit becomes three times. Find the original profit percent.

A. 50%

B. 100%

C. 75%

D. 66.67%

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

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