A dealer allows a discount of 30% on the marked price and still gains 20%. If the cost price is Rs. 700, find the marked price. MCQ with Answer and Explanation

Question

A dealer allows a discount of 30% on the marked price and still gains 20%. If the cost price is Rs. 700, find the marked price.

A. Rs. 1200

B. Rs. 1300

C. Rs. 1150

D. Rs. 1250

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 700*1.2 = 840. MP = 840 / 0.7 = 1200.

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 25%. What is his profit percent?

A. 20%

B. 5%

C. 10%

D. 15%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 140, SP = 140*0.75 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 10 articles is equal to the selling price of 8 articles, find the profit percentage.

A. 30%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, profit = 25%.

This question belongs to: Maths Profit And Loss

Question #3

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A table is sold for Rs. 450 at a loss of 10%. What is the cost price of the table?

A. Rs. 490

B. Rs. 500

C. Rs. 480

D. Rs. 520

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Correct Answer: Option B

Explanation:
Selling Price = 450. Loss = 10%. Cost Price = 450 / 0.90 = 500.

This question belongs to: Maths Profit And Loss

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