A trader allows a discount of 18% on the marked price and still gains 18%. If the cost price is Rs. 600, find the marked price. MCQ with Answer and Explanation

Question

A trader allows a discount of 18% on the marked price and still gains 18%. If the cost price is Rs. 600, find the marked price.

A. Rs. 900

B. Rs. 850

C. Rs. 875

D. Rs. 863.41

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 600*1.18 = 708. MP = 708 / 0.82 = 863.41.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 630 and the profit is 5%, find the cost price.

A. Rs. 610

B. Rs. 600

C. Rs. 620

D. Rs. 590

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Correct Answer: Option B

Explanation:
CP = 630 / 1.05 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 520 and the selling price is Rs. 650, what is the profit percentage?

A. 30%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option D

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Question #3

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If the selling price of an article is Rs. 280 and the loss is 20%, what is the cost price?

A. Rs. 330

B. Rs. 350

C. Rs. 340

D. Rs. 360

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Correct Answer: Option B

Explanation:
CP = 280/0.8 = 350.

This question belongs to: Maths Profit And Loss

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