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. 1300

B. Rs. 1250

C. Rs. 1200

D. Rs. 1150

Answer: Option B

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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A shopkeeper sells a watch for Rs. 780, gaining 30%. Find the cost price.

A. Rs. 620

B. Rs. 600

C. Rs. 640

D. Rs. 580

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Correct Answer: Option B

Explanation:
CP = 780 / 1.30 = 600.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys oranges at 5 for Rs. 10 and an equal number at 4 for Rs. 10. He mixes them and sells the mixture at 9 for Rs. 20. Find his profit or loss percentage.

A. Profit of 1.23%

B. Loss of 2.5%

C. Loss of 1.23%

D. No profit no loss

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Correct Answer: Option C

Explanation:
Buy 20 oranges of type 1 for Rs. 40. Buy 20 oranges of type 2 for Rs. 50. Total 40 oranges cost Rs. 90. Cost Price of 1 orange = 90 / 40 = 2.25. Selling Price of 9 oranges = 20. Selling Price of 1 orange = 20 / 9 = 2.222. Loss = 2.25 - 2.222 = 0.0277. Loss percentage = (0.0277 / 2.25) * 100 = 1.23% loss.

This question belongs to: Maths Profit And Loss