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. 1250

B. Rs. 1200

C. Rs. 1300

D. Rs. 1150

Answer: Option B

Solution (By JKSSB Mock Tests)

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

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 cost price of 9 articles is equal to the selling price of 11 articles, find the loss percent.

A. 18.18%

B. 15%

C. 20%

D. 12%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 9 = 9, SP of 11 = 9 => SP of 1 = 9/11 = 0.818, loss = (1-0.818)*100 = 18.18%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If the selling price is Rs. 550 and the profit is 10%, find the cost price.

A. Rs. 505

B. Rs. 510

C. Rs. 495

D. Rs. 500

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 1.1 CP => CP = 550 / 1.1 = 500.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

A man sells an article at a loss of 15%. If the selling price is Rs. 255, find the cost price.

A. Rs. 320

B. Rs. 290

C. Rs. 300

D. Rs. 280

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs