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. 1000

B. Rs. 900

C. Rs. 850

D. Rs. 950

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

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A shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is his net profit percentage?

A. 8%

B. 10%

C. 15%

D. 12%

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Correct Answer: Option A

Explanation:
Let Cost Price = 100. Marked Price = 120. Selling Price after 10% discount = 120 * 0.90 = 108. Profit = 108 - 100 = 8. Net profit percentage = 8%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper buys a bag for Rs. 240 and sells it at a loss of 15%. What is the selling price?

A. Rs. 204

B. Rs. 216

C. Rs. 210

D. Rs. 198

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Correct Answer: Option A

Explanation:
Loss = 15% of 240 = 36, SP = 240 - 36 = 204.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells a watch for Rs. 700, gaining 40%. Find the cost price.

A. Rs. 520

B. Rs. 500

C. Rs. 550

D. Rs. 480

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Correct Answer: Option B

Explanation:
CP = 700 / 1.40 = 500.

This question belongs to: Maths Profit And Loss

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