A dealer allows a discount of 15% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price. MCQ with Answer and Explanation

Question

A dealer allows a discount of 15% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 705.88

B. Rs. 720

C. Rs. 700

D. Rs. 680

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 500*1.2 = 600. MP = 600 / 0.85 = 705.88.

This question belongs to: Maths Profit And Loss

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A trader mixes two types of pulses, A costing Rs. 80/kg and B costing Rs. 120/kg, in the ratio 3:2. He marks up the mixture by 25% on the cost price and allows a 10% discount. Find his net profit per kg.

A. Rs. 10

B. Rs. 15

C. Rs. 14

D. Rs. 12

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Correct Answer: Option D

Explanation:
Cost Price per kg of mixture = [(3 * 80) + (2 * 120)] / 5 = (240 + 240) / 5 = 96. Marked Price = 96 * 1.25 = 120. Selling Price = 120 * 0.90 = 108. Net profit = 108 - 96 = Rs. 12.

This question belongs to: Maths Profit And Loss