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. 650

B. Rs. 500

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 man buys a toy for Rs. 300 and sells it for Rs. 240. What is the loss percentage?

A. 15%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Loss = 60, loss% = 60/300*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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The marked price of an article is Rs. 1500. A shopkeeper gives a discount of 20% and still makes a profit of 25%. What is the cost price?

A. Rs. 900

B. Rs. 1050

C. Rs. 960

D. Rs. 1000

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Correct Answer: Option C

Explanation:
SP = 80% of 1500 = 1200. SP = 125% of CP. 1.25 * CP = 1200. CP = 1200 / 1.25 = Rs. 960.

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Question #3

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A shopkeeper sells a shirt at Rs. 880, gaining 10%. Find the cost price.

A. Rs. 840

B. Rs. 800

C. Rs. 780

D. Rs. 820

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Correct Answer: Option B

Explanation:
CP = 880/1.1 = 800.

This question belongs to: Maths Profit And Loss

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