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. 750

B. Rs. 850

C. Rs. 800

D. Rs. 900

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys a product for Rs. 240 and sells it for Rs. 300. What is the profit percentage?

A. 15%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option D

Explanation:
Profit = 60, profit% = 60/240*100=25%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 400 and the selling price is Rs. 500, what is the profit percentage?

A. 25%

B. 20%

C. 30%

D. 15%

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Correct Answer: Option A

Explanation:
Profit = 100, profit% = 100/400*100=25%.

This question belongs to: Maths Profit And Loss

Question #3

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The percentage of profit when an article is sold for Rs. 78 is twice than when it is sold for Rs. 69. The cost price of the article is:

A. Rs. 60

B. Rs. 51

C. Rs. 57

D. Rs. 49

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Correct Answer: Option A

Explanation:
Let CP = x. Profit at 78 = 78 - x. Profit at 69 = 69 - x. Given: 78 - x = 2(69 - x). 78 - x = 138 - 2x. x = 138 - 78 = 60.

This question belongs to: Maths Profit And Loss

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