A dealer gives a discount of 20% on an article and still gains 10%. If the cost price is Rs. 600, find the marked price. MCQ with Answer and Explanation

Question

A dealer gives a discount of 20% on an article and still gains 10%. If the cost price is Rs. 600, find the marked price.

A. Rs. 900

B. Rs. 825

C. Rs. 800

D. Rs. 850

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 600*1.1 = 660. MP = 660 / 0.8 = 825.

This question belongs to: Maths Profit And Loss

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A trader mixes two types of pulses, A costing Rs. 80/kg and B costing Rs. 120/kg, in the ratio 3:2. He marks up the mixture by 25% on the cost price and allows a 10% discount. Find his net profit per kg.

A. Rs. 15

B. Rs. 14

C. Rs. 12

D. Rs. 10

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Correct Answer: Option C

Explanation:
Cost Price per kg of mixture = [(3 * 80) + (2 * 120)] / 5 = (240 + 240) / 5 = 96. Marked Price = 96 * 1.25 = 120. Selling Price = 120 * 0.90 = 108. Net profit = 108 - 96 = Rs. 12.

This question belongs to: Maths Profit And Loss