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. 1000

D. Rs. 1100

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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A dealer allows a discount of 10% on the marked price and still gains 15%. If the cost price is Rs. 500, find the marked price.

A. Rs. 600

B. Rs. 638.89

C. Rs. 650

D. Rs. 700

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Correct Answer: Option B

Explanation:
SP = 500*1.15 = 575. MP = 575 / 0.9 = 638.89.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 105 and the loss is 30%, find the cost price.

A. Rs. 150

B. Rs. 140

C. Rs. 145

D. Rs. 160

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Correct Answer: Option A

Explanation:
SP = 70% of CP => CP = 105 / 0.7 = 150.

This question belongs to: Maths Profit And Loss

Question #3

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A person sells an item at a loss of 10%. If the selling price is Rs. 135, what is the cost price?

A. Rs. 145

B. Rs. 155

C. Rs. 140

D. Rs. 150

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 135/0.9 = 150.

This question belongs to: Maths Profit And Loss

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