A trader gives a discount of 10% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price. MCQ with Answer and Explanation

Question

A trader gives a discount of 10% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 666.67

B. Rs. 650

C. Rs. 600

D. Rs. 700

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 500*1.2 = 600. MP = 600 / 0.9 = 666.67.

This question belongs to: Maths Profit And Loss

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Question #1

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A person sells an article for Rs. 540, gaining 35%. Find the cost price.

A. Rs. 380

B. Rs. 400

C. Rs. 420

D. Rs. 440

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Correct Answer: Option B

Explanation:
CP = 540 / 1.35 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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If a person sells an item for Rs. 420, he loses 16%. What is the cost price?

A. Rs. 520

B. Rs. 450

C. Rs. 480

D. Rs. 500

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Correct Answer: Option D

Explanation:
SP = 84% of CP => CP = 420 / 0.84 = 500.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 330 and the profit is 10%, what is the cost price?

A. Rs. 300

B. Rs. 320

C. Rs. 310

D. Rs. 290

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Correct Answer: Option A

Explanation:
CP = 330 / 1.1 = 300.

This question belongs to: Maths Profit And Loss

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