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. MCQ with Answer and Explanation

Question

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. 1300

B. Rs. 1250

C. Rs. 1150

D. Rs. 1200

Answer: Option D

Solution (By JKSSB Mock Tests)

The correct answer is Option D. Detailed explanation will be updated soon.

This question belongs to: Maths Profit And Loss

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Question #1

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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 #2

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A trader marks his goods 45% above cost and gives a discount of 20%. What is his profit percent?

A. 25%

B. 20%

C. 16%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 145, SP = 145*0.8 = 116, profit = 16%.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of an article is Rs. 240 and the selling price is Rs. 288, what is the profit percentage?

A. 25%

B. 18%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 48, profit% = 48/240*100 = 20%.

This question belongs to: Maths Profit And Loss

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