A shopkeeper allows a 20% discount on the marked price and still makes a 20% profit. What is the ratio of the marked price to the cost price? MCQ with Answer and Explanation

Question

A shopkeeper allows a 20% discount on the marked price and still makes a 20% profit. What is the ratio of the marked price to the cost price?

A. 5:4

B. 3:2

C. 2:1

D. 4:3

Answer: Option B

Solution (By JKSSB Mock Tests)

Marked Price * 0.80 = Cost Price * 1.20. Marked Price / Cost Price = 1.20 / 0.80 = 1.5 = 3/2. Ratio is 3:2.

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. 520

B. Rs. 480

C. Rs. 500

D. Rs. 450

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Correct Answer: Option C

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 marks his goods 20% above cost and gives a discount of 15%. What is his profit percent?

A. 2%

B. 8%

C. 5%

D. 10%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 120, SP = 120*0.85 = 102, profit = 2%.

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Question #3

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The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent.

A. 30%

B. 33.33%

C. 20%

D. 25%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 4/3 = 1.333, gain = 33.33%.

This question belongs to: Maths Profit And Loss

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