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. 800

B. Rs. 850

C. Rs. 825

D. Rs. 900

Answer: Option C

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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Question #1

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A shopkeeper marks an article at Rs. 900 and sells it at a discount of 10%. What is the selling price?

A. Rs. 810

B. Rs. 800

C. Rs. 820

D. Rs. 790

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Correct Answer: Option A

Explanation:
SP = 900*0.9 = 810.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 20% on an article and still gains 25%. If the cost price is Rs. 400, find the marked price.

A. Rs. 650

B. Rs. 625

C. Rs. 600

D. Rs. 700

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 960 and the profit earned is 20%, what is the cost price?

A. Rs. 700

B. Rs. 840

C. Rs. 900

D. Rs. 800

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Correct Answer: Option D

Explanation:
Selling Price = 120% of Cost Price. Therefore, 1.2 * CP = 960. CP = 960 / 1.2 = Rs. 800.

This question belongs to: Maths Profit And Loss

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