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. 4:3

C. 3:2

D. 2:1

Answer: Option C

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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A fruit vendor buys apples at the rate of 5 for Rs. 10 and sells them at the rate of 4 for Rs. 12. His gain percent is:

A. 40%

B. 50%

C. 55%

D. 60%

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Correct Answer: Option B

Explanation:
Cost Price of 1 apple = 10 / 5 = 2. Selling Price of 1 apple = 12 / 4 = 3. Profit = 1. Profit percentage = (1 / 2) * 100 = 50%.

This question belongs to: Maths Profit And Loss

Question #2

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A person bought a watch for Rs. 1200 and sold it for Rs. 1500. What is the profit percentage?

A. 25%

B. 30%

C. 15%

D. 20%

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Correct Answer: Option A

Explanation:
Profit = 300, profit% = 300/1200*100=25%.

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Question #3

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A shopkeeper sells a mobile for Rs. 5000, losing 10%. At what price should he sell it to gain 10%?

A. Rs. 5500

B. Rs. 5800

C. Rs. 6111.11

D. Rs. 6000

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

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