A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs. 800, find the cost price. MCQ with Answer and Explanation

Question

A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs. 800, find the cost price.

A. Rs. 500

B. Rs. 650

C. Rs. 700

D. Rs. 600

Answer: Option D

Solution (By JKSSB Mock Tests)

Marked Price = 800. Selling Price = 800 * 0.90 = 720. Cost Price = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 35% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 12%

C. 8%

D. 15%

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2

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By selling an umbrella for Rs. 300, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percentage during the sale season is:

A. 8%

B. 7.5%

C. 9%

D. 7%

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Correct Answer: Option A

Explanation:
Marked Price = 300. Original SP = 300. Profit = 20%, so CP = 300 / 1.2 = 250. Discount during sale = 10% on MP. New SP = 300 - 30 = 270. Profit = 270 - 250 = 20. Profit % = (20 / 250) * 100 = 8%.

This question belongs to: Maths Profit And Loss