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. 1100

B. Rs. 1300

C. Rs. 1000

D. Rs. 1200

Answer: Option D

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 shopkeeper allows a discount of 10% on an article marked at Rs. 450. What is the selling price?

A. Rs. 410

B. Rs. 415

C. Rs. 400

D. Rs. 405

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Correct Answer: Option D

Explanation:
SP = 450 * 0.9 = 405.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 460 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 437

B. Rs. 430

C. Rs. 445

D. Rs. 440

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Correct Answer: Option A

Explanation:
Loss = 5% of 460 = 23, SP = 460 - 23 = 437.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a watch for Rs. 1980, losing 10%. Find the cost price.

A. Rs. 2100

B. Rs. 2300

C. Rs. 2200

D. Rs. 2000

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Correct Answer: Option C

Explanation:
CP = 1980/0.9 = 2200.

This question belongs to: Maths Profit And Loss

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