A trader allows a discount of 15% on the marked price and still gains 10%. If the cost price is Rs. 400, find the marked price. MCQ with Answer and Explanation

Question

A trader allows a discount of 15% on the marked price and still gains 10%. If the cost price is Rs. 400, find the marked price.

A. Rs. 530

B. Rs. 500

C. Rs. 510

D. Rs. 517.65

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 400*1.1 = 440. MP = 440 / 0.85 = 517.65.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a chair for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 410

B. Rs. 400

C. Rs. 420

D. Rs. 380

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Correct Answer: Option B

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A man sold a bicycle for Rs. 2500, gaining 25%. What was the cost price?

A. Rs. 1800

B. Rs. 2200

C. Rs. 2000

D. Rs. 2100

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Correct Answer: Option C

Explanation:
CP = 2500/1.25 = 2000.

This question belongs to: Maths Profit And Loss

Question #3

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If a man sells an article at a gain of 15%, he gets Rs. 45 more than when he sells at a loss of 10%. Find the cost price.

A. Rs. 200

B. Rs. 220

C. Rs. 160

D. Rs. 180

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Correct Answer: Option D

Explanation:
Let CP = x. 1.15x - 0.9x = 45 => 0.25x = 45 => x = 180.

This question belongs to: Maths Profit And Loss

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