A shopkeeper allows a discount of 10% on his goods and still makes a profit of 20%. If the marked price is Rs. 1200, what is the cost price? MCQ with Answer and Explanation

Question
A shopkeeper allows a discount of 10% on his goods and still makes a profit of 20%. If the marked price is Rs. 1200, what is the cost price?
A. Rs. 850
B. Rs. 900
C. Rs. 950
D. Rs. 1000
Answer: Option B
Solution (By JKSSB Mock Tests)
SP after discount = 1200*0.9 = 1080. CP = 1080 / 1.2 = 900.
This question belongs to: Maths Profit And Loss
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Question #1
A shopkeeper marks his goods 30% above cost price and allows a discount of 10%. What is his profit percentage?
A. 20%
B. 15%
C. 17%
D. 18%
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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 130, SP = 130*0.9 = 117, Profit = 17%.
This question belongs to: Maths Profit And Loss
Question #2
A shopkeeper sells a table for Rs. 2400, losing 20%. Find the cost price.
A. Rs. 3000
B. Rs. 2800
C. Rs. 3200
D. Rs. 2500
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Correct Answer: Option A

Explanation:
CP = 2400/0.8 = 3000.
This question belongs to: Maths Profit And Loss
Question #3
An article passing through two hands is sold at a profit of 38% at the original cost price. If the first dealer makes a profit of 15%, what is the profit percentage made by the second dealer?
A. 20%
B. 25%
C. 23%
D. 22%
Discuss
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Correct Answer: Option A

Explanation:
Let original Cost Price = 100. Final Selling Price = 138. First dealer's Selling Price = 115. Second dealer buys at 115 and sells at 138. Profit = 138 - 115 = 23. Profit percentage = (23 / 115) * 100 = 20%.
This question belongs to: Maths Profit And Loss
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