A shopkeeper allows a discount of 25% on his goods and still makes a profit of 25%. If the cost price is Rs. 600, what is the marked price? MCQ with Answer and Explanation

Question

A shopkeeper allows a discount of 25% on his goods and still makes a profit of 25%. If the cost price is Rs. 600, what is the marked price?

A. Rs. 1000

B. Rs. 1100

C. Rs. 950

D. Rs. 900

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 600*1.25 = 750. MP = SP / 0.75 = 750 / 0.75 = 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 420 and the selling price is Rs. 504, what is the profit percentage?

A. 18%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option B

Explanation:
Profit = 84, profit% = 84/420*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If a shopkeeper sells an item at Rs. 216, he gains 8%. Find the cost price.

A. Rs. 208

B. Rs. 200

C. Rs. 210

D. Rs. 190

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Correct Answer: Option B

Explanation:
CP = 216/1.08 = 200.

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Question #3

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A trader sold a bicycle at a profit of 10%. Had he bought it at 10% less and sold it for Rs. 12 more, he would have gained 25%. Find the cost price.

A. Rs. 500

B. Rs. 600

C. Rs. 480

D. Rs. 400

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Correct Answer: Option C

Explanation:
Let CP = 100x. Initial SP = 110x. New CP = 90x. New SP = 110x + 12. New profit is 25% on 90x = 22.5x. New SP = 90x + 22.5x = 112.5x. 112.5x - 110x = 12. 2.5x = 12. x = 4.8. CP = 100 * 4.8 = Rs. 480.

This question belongs to: Maths Profit And Loss

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