A dealer allows a discount of 40% on the marked price and still gains 20%. If the cost price is Rs. 600, find the marked price. MCQ with Answer and Explanation

Question

A dealer allows a discount of 40% on the marked price and still gains 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1200

B. Rs. 1300

C. Rs. 1000

D. Rs. 1100

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 600*1.2 = 720. MP = 720 / 0.6 = 1200.

This question belongs to: Maths Profit And Loss

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An article is sold at 20% profit. If its cost price and selling price are both decreased by Rs. 100, the profit percentage becomes 25%. Find the original cost price.

A. Rs. 400

B. Rs. 450

C. Rs. 500

D. Rs. 600

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Correct Answer: Option C

Explanation:
Let original CP = x. Original SP = 1.2x. New CP = x - 100. New SP = 1.2x - 100. New profit = 25%. So, 1.2x - 100 = 1.25(x - 100). 1.2x - 100 = 1.25x - 125. 0.05x = 25. x = 500.

This question belongs to: Maths Profit And Loss