A shopkeeper allows a discount of 10% on an article marked at Rs. 800. What is the selling price? MCQ with Answer and Explanation

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A shopkeeper allows a discount of 10% on an article marked at Rs. 800. What is the selling price?

A. Rs. 760

B. Rs. 740

C. Rs. 720

D. Rs. 700

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 800 * 0.90 = 720.

This question belongs to: Maths Profit And Loss

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A man buys goods worth Rs. 6000. He sells one-third of them at a 10% profit. At what profit percentage must he sell the remaining goods to achieve an overall profit of 20%?

A. 25%

B. 20%

C. 30%

D. 35%

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Correct Answer: Option A

Explanation:
Total Cost Price = 6000. Desired Selling Price for 20% profit = 6000 * 1.20 = 7200. Cost Price of one-third = 2000. Selling Price of this part = 2000 * 1.10 = 2200. Remaining Cost Price = 4000. Required Selling Price for remaining = 7200 - 2200 = 5000. Profit on remaining = 5000 - 4000 = 1000. Profit percentage = (1000 / 4000) * 100 = 25%.

This question belongs to: Maths Profit And Loss