A trader allows a discount of 12% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price. MCQ with Answer and Explanation

Question

A trader allows a discount of 12% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 681.82

B. Rs. 660

C. Rs. 700

D. Rs. 670

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 500*1.2 = 600. MP = 600 / 0.88 = 681.82.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 30% on the marked price and still makes a profit of 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1028.57

B. Rs. 1000

C. Rs. 950

D. Rs. 1100

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2

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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. 5800

B. Rs. 6111.11

C. Rs. 5500

D. Rs. 6000

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Correct Answer: Option B

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Question #3

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If the selling price of an article is Rs. 252 and the loss is 16%, find the cost price.

A. Rs. 280

B. Rs. 320

C. Rs. 290

D. Rs. 300

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Correct Answer: Option D

Explanation:
SP = 84% of CP => CP = 252 / 0.84 = 300.

This question belongs to: Maths Profit And Loss

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