A trader allows a discount of 40% on the marked price and still gains 20%. If the cost price is Rs. 600, find the marked price. MCQ with Answer and Explanation

Question

A trader allows a discount of 40% on the marked price and still gains 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1300

B. Rs. 1200

C. Rs. 1100

D. Rs. 1000

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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The marked price of a machine is Rs. 3200. Two successive discounts are offered, the first being 10%. If the final selling price is Rs. 2448, find the second discount percentage.

A. 12%

B. 20%

C. 18%

D. 15%

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Correct Answer: Option D

Explanation:
Price after first discount = 3200 * 0.90 = 2880. Second discount amount = 2880 - 2448 = 432. Second discount percentage = (432 / 2880) * 100 = 15%.

This question belongs to: Maths Profit And Loss