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. 900

B. Rs. 750

C. Rs. 850

D. Rs. 800

Answer: Option D

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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If the selling price of an article is Rs. 375 and the loss is 25%, find the cost price.

A. Rs. 480

B. Rs. 500

C. Rs. 520

D. Rs. 450

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Correct Answer: Option B

Explanation:
SP = 75% of CP => CP = 375 / 0.75 = 500.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a fan for Rs. 1200, gaining 20%. Find the cost price.

A. Rs. 1000

B. Rs. 1100

C. Rs. 1050

D. Rs. 980

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Correct Answer: Option A

Explanation:
CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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A man sold a mobile for Rs. 15000, gaining 25%. Find the cost price.

A. Rs. 12000

B. Rs. 11500

C. Rs. 12500

D. Rs. 13000

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Correct Answer: Option A

Explanation:
CP = 15000 / 1.25 = 12000.

This question belongs to: Maths Profit And Loss

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