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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Question #1

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A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs. 55 more, he would have had a profit of 40%. The cost price of the article is:

A. Rs. 250

B. Rs. 225

C. Rs. 200

D. Rs. 275

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Correct Answer: Option A

Explanation:
Let original CP = 100x. SP = 90x. New CP = 80x. New SP = 90x + 55. Profit is 40% of 80x = 32x. New SP = 80x + 32x = 112x. 112x - 90x = 55. 22x = 55. x = 2.5. CP = 100 * 2.5 = Rs. 250.

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Question #2

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A man sold 250 chairs and had a gain equal to the selling price of 50 chairs. His profit percentage is:

A. 33.33%

B. 20%

C. 25%

D. 30%

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Correct Answer: Option C

Explanation:
Gain = Selling Price of 50. Gain = Selling Price of 250 - Cost Price of 250. Selling Price of 50 = Selling Price of 250 - Cost Price of 250. Cost Price of 250 = Selling Price of 200. Cost Price / Selling Price = 200 / 250 = 4 / 5. Profit = 1 unit on CP 4. Profit percentage = (1 / 4) * 100 = 25%.

This question belongs to: Maths Profit And Loss