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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A vendor buys lemons at 5 for Rs. 14 and sells them at 3 for Rs. 12. Find the profit percentage.

A. 60%

B. 33.33%

C. 50%

D. 42.85%

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Correct Answer: Option D

Explanation:
CP of 15 lemons = 14 * 3 = 42. SP of 15 lemons = 12 * 5 = 60. Profit = 18. Profit % = (18 / 42) * 100 = (3/7) * 100 = 42.85%.

This question belongs to: Maths Profit And Loss

Question #2

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A man purchased an article for Rs. 500 and sold it for Rs. 600. What is the gain percentage?

A. 15%

B. 18%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 100, gain% = 100/500*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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The marked price of an article is Rs. 1500. A shopkeeper gives a discount of 20% and still makes a profit of 25%. What is the cost price?

A. Rs. 900

B. Rs. 1000

C. Rs. 1050

D. Rs. 960

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Correct Answer: Option D

Explanation:
SP = 80% of 1500 = 1200. SP = 125% of CP. 1.25 * CP = 1200. CP = 1200 / 1.25 = Rs. 960.

This question belongs to: Maths Profit And Loss

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