A dealer allows a discount of 20% on an article and still gains 20%. If the marked price is Rs. 1500, find the cost price. MCQ with Answer and Explanation

Question

A dealer allows a discount of 20% on an article and still gains 20%. If the marked price is Rs. 1500, find the cost price.

A. Rs. 1000

B. Rs. 1100

C. Rs. 950

D. Rs. 1050

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 1500*0.8 = 1200. CP = 1200 / 1.2 = 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer marks his goods 40% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 20%

C. 15%

D. 12%

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a bag for Rs. 480, losing 20%. Find the cost price.

A. Rs. 580

B. Rs. 560

C. Rs. 620

D. Rs. 600

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Correct Answer: Option D

Explanation:
SP = 80% of CP => CP = 480 / 0.8 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 20% above cost and gives a discount of 10%. What is his profit percent?

A. 12%

B. 15%

C. 8%

D. 10%

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Correct Answer: Option C

Explanation:
CP=100, MP=120, SP=120*0.9=108, profit=8%.

This question belongs to: Maths Profit And Loss

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