A shopkeeper allows a 10% discount on the marked price of a camera. If the camera costs him Rs. 600, what should be the marked price to make a profit of 20%? MCQ with Answer and Explanation

Question

A shopkeeper allows a 10% discount on the marked price of a camera. If the camera costs him Rs. 600, what should be the marked price to make a profit of 20%?

A. Rs. 800

B. Rs. 750

C. Rs. 850

D. Rs. 900

Answer: Option A

Solution (By JKSSB Mock Tests)

Cost Price = 600. Target Selling Price for 20% profit = 600 * 1.20 = 720. Marked Price * 0.90 = 720. Marked Price = 720 / 0.90 = 800.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells an article at a profit of 30%. If the cost price is Rs. 500, what is the selling price?

A. Rs. 550

B. Rs. 600

C. Rs. 700

D. Rs. 650

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Correct Answer: Option D

Explanation:
SP = 500*1.3 = 650.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys 100 items at Rs. 50 each and sells them at Rs. 60 each. What is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 30%

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Correct Answer: Option B

Explanation:
CP = 5000, SP = 6000, profit = 1000, profit% = 1000/5000*100=20%.

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Question #3

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A dealer sells a chair for Rs. 720, losing 20%. What is the cost price?

A. Rs. 950

B. Rs. 900

C. Rs. 800

D. Rs. 850

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Correct Answer: Option B

Explanation:
SP = 80% of CP => CP = 720 / 0.8 = 900.

This question belongs to: Maths Profit And Loss

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