A trader allows a discount of 20% on an article and still gains 20%. If the marked price is Rs. 1200, find the cost price. MCQ with Answer and Explanation

Question

A trader allows a discount of 20% on an article and still gains 20%. If the marked price is Rs. 1200, find the cost price.

A. Rs. 850

B. Rs. 800

C. Rs. 900

D. Rs. 750

Answer: Option B

Solution (By JKSSB Mock Tests)

The correct answer is Option B. Detailed explanation will be updated soon.

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. 320, there is a loss of 20%. What is its cost price?

A. Rs. 380

B. Rs. 420

C. Rs. 360

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 320/0.8 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marks his goods 50% above cost and gives a discount of 40%. What is his profit or loss percent?

A. No profit no loss

B. Loss 5%

C. Profit 10%

D. Loss 10%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 150, SP = 150*0.6 = 90, loss = 10%.

This question belongs to: Maths Profit And Loss

Question #3

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If a shopkeeper sells an item at Rs. 360, he gains 20%. Find the cost price.

A. Rs. 320

B. Rs. 300

C. Rs. 340

D. Rs. 280

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Correct Answer: Option B

Explanation:
CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

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