A trader allows a discount of 20% on the marked price and still gains 25%. If the cost price is Rs. 800, find the marked price. MCQ with Answer and Explanation

Question

A trader allows a discount of 20% on the marked price and still gains 25%. If the cost price is Rs. 800, find the marked price.

A. Rs. 1150

B. Rs. 1200

C. Rs. 1250

D. Rs. 1300

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 800*1.25 = 1000. MP = 1000 / 0.8 = 1250.

This question belongs to: Maths Profit And Loss

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Question #1

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The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent.

A. 30%

B. 33.33%

C. 25%

D. 20%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 4/3 = 1.333, gain = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article at a profit of 30%. If the cost price is Rs. 500, what is the selling price?

A. Rs. 600

B. Rs. 550

C. Rs. 650

D. Rs. 700

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Correct Answer: Option C

Explanation:
SP = 500*1.3 = 650.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper buys a pen for Rs. 25 and sells it for Rs. 30. What is the profit percentage?

A. 15%

B. 20%

C. 10%

D. 25%

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Correct Answer: Option B

Explanation:
Profit = 30 - 25 = 5. Profit% = (5/25)*100 = 20%.

This question belongs to: Maths Profit And Loss

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