A trader allows a discount of 20% on the marked price and still gains 15%. If the cost price is Rs. 600, find the marked price. MCQ with Answer and Explanation

Question

A trader allows a discount of 20% on the marked price and still gains 15%. If the cost price is Rs. 600, find the marked price.

A. Rs. 862.5

B. Rs. 850

C. Rs. 900

D. Rs. 875

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 600*1.15 = 690. MP = 690 / 0.8 = 862.5.

This question belongs to: Maths Profit And Loss

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Question #1

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By selling 20 meters of wire, a man gains the cost price of 4 meters. Find his profit percentage.

A. 25%

B. 15%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
Let CP of 1 meter = 1. CP of 20 meters = 20. Profit = CP of 4 meters = 4. Profit % = (4/20) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys pencils at 3 for Rs. 2 and sells them at 2 for Rs. 3. Find the profit percentage.

A. 125%

B. 120%

C. 115%

D. 100%

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Correct Answer: Option A

Explanation:
Cost Price of 1 pencil = 2 / 3. Selling Price of 1 pencil = 3 / 2. Profit = (3 / 2) - (2 / 3) = (9 - 4) / 6 = 5 / 6. Profit percentage = ((5 / 6) / (2 / 3)) * 100 = (5 / 4) * 100 = 125%.

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Question #3

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A trader allows a discount of 30% on the marked price and still gains 20%. If the cost price is Rs. 700, find the marked price.

A. Rs. 1150

B. Rs. 1200

C. Rs. 1250

D. Rs. 1300

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Correct Answer: Option B

This question belongs to: Maths Profit And Loss

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