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

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Question #1

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If the cost price of an article is Rs. 270 and the selling price is Rs. 324, what is the profit percentage?

A. 25%

B. 20%

C. 18%

D. 15%

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Correct Answer: Option B

Explanation:
Profit = 54, profit% = 54/270*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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Successive discounts of 30% and 10% are equivalent to a single discount of:

A. 45%

B. 40%

C. 37%

D. 42%

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Correct Answer: Option C

Explanation:
Equivalent discount = A + B - (AB/100) = 30 + 10 - (300/100) = 40 - 3 = 37%.

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Question #3

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If the cost price of an article is Rs. 500 and the selling price is Rs. 450, what is the loss percentage?

A. 15%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
Loss = 50, loss% = 50/500*100 = 10%.

This question belongs to: Maths Profit And Loss

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