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. 850

C. Rs. 875

D. Rs. 862.5

Answer: Option D

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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Two items are sold for Rs. 1200 each. One is sold at a 25% profit and the other at a 25% loss. What is the overall profit or loss percentage?

A. 6.25% profit

B. No profit no loss

C. 6.25% loss

D. 5% loss

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Correct Answer: Option C

Explanation:
When Selling Prices are equal, overall loss percentage = (x^2) / 100. Loss percentage = (25 * 25) / 100 = 6.25%.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a phone for Rs. 8000 and sells it for Rs. 7200. What is the loss percentage?

A. 15%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
Loss = 800, loss% = 800/8000*100 = 10%.

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Question #3

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A shopkeeper sells a book for Rs. 300, gaining 20%. Find the cost price.

A. Rs. 260

B. Rs. 250

C. Rs. 240

D. Rs. 270

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Correct Answer: Option B

Explanation:
CP = 300/1.2 = 250.

This question belongs to: Maths Profit And Loss

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