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. 863.41

B. Rs. 875

C. Rs. 850

D. Rs. 900

Answer: Option A

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 an article is sold at Rs. 216, there is a profit of 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.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 240 and the selling price is Rs. 288, what is the profit percentage?

A. 20%

B. 25%

C. 18%

D. 15%

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Correct Answer: Option A

Explanation:
Profit = 48, profit% = 48/240*100 = 20%.

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Question #3

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A dishonest dealer marks up his goods by 20% and gives a discount of 10%. Besides, he uses a faulty balance which reads 1 kg for 800g. What is his net profit percentage?

A. 35%

B. 45%

C. 30%

D. 40%

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Correct Answer: Option A

Explanation:
Let true CP of 1000g be 1000. He marks it at 1200 and sells at a 10% discount, making SP = 1080. But he gives only 800g. The actual CP for him is 800. Net Profit = 1080 - 800 = 280. Net Profit % = (280 / 800) * 100 = 35%.

This question belongs to: Maths Profit And Loss

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