A sells a bicycle to B at a 20% profit. B sells it to C at a 25% profit. If C pays Rs. 1500, what did A pay for it? MCQ with Answer and Explanation

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A sells a bicycle to B at a 20% profit. B sells it to C at a 25% profit. If C pays Rs. 1500, what did A pay for it?

A. Rs. 900

B. Rs. 1200

C. Rs. 1100

D. Rs. 1000

Answer: Option D

Solution (By JKSSB Mock Tests)

Let A's Cost Price = X. X * 1.20 * 1.25 = 1500. 1.50 * X = 1500. X = 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 55% above cost and gives a discount of 25%. What is his profit percent?

A. 20%

B. 16.25%

C. 18%

D. 15%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 155, SP = 155*0.75 = 116.25, profit = 16.25%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 25% on the marked price and still gains 25%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1050

B. Rs. 950

C. Rs. 900

D. Rs. 1000

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Correct Answer: Option D

Explanation:
SP = 600*1.25 = 750. MP = 750 / 0.75 = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 40% above cost and gives a discount of 15%. What is his profit percent?

A. 20%

B. 19%

C. 18%

D. 15%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 140, SP = 140*0.85 = 119, profit = 19%.

This question belongs to: Maths Profit And Loss

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