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. 900

B. Rs. 862.5

C. Rs. 850

D. Rs. 875

Answer: Option B

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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A shopkeeper sells a fan for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 820

B. Rs. 800

C. Rs. 780

D. Rs. 840

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Correct Answer: Option B

Explanation:
CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 160 and the profit is 25%, find the cost price.

A. Rs. 130

B. Rs. 125

C. Rs. 128

D. Rs. 135

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Correct Answer: Option C

Explanation:
CP = 160 / 1.25 = 128.

This question belongs to: Maths Profit And Loss

Question #3

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A person buys a book for Rs. 300 and sells it for Rs. 240. What is the loss percentage?

A. 15%

B. 10%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Loss = 60, loss% = 60/300*100=20%.

This question belongs to: Maths Profit And Loss

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