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. 1200

B. Rs. 1250

C. Rs. 1150

D. Rs. 1300

Answer: Option A

Solution (By JKSSB Mock Tests)

The correct answer is Option A. 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 cost price of an article is Rs. 450 and the selling price is Rs. 405, what is the loss percentage?

A. 15%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a product for Rs. 630, losing 10%. Find the cost price.

A. Rs. 700

B. Rs. 680

C. Rs. 720

D. Rs. 650

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 630 / 0.9 = 700.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper allows a 10% discount on the marked price of a camera. If the camera costs him Rs. 600, what should be the marked price to make a profit of 20%?

A. Rs. 850

B. Rs. 900

C. Rs. 800

D. Rs. 750

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Correct Answer: Option C

Explanation:
Cost Price = 600. Target Selling Price for 20% profit = 600 * 1.20 = 720. Marked Price * 0.90 = 720. Marked Price = 720 / 0.90 = 800.

This question belongs to: Maths Profit And Loss

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