A trader gives a discount of 15% on the marked price and still gains 20%. If the cost price is Rs. 400, find the marked price. MCQ with Answer and Explanation

Question

A trader gives a discount of 15% on the marked price and still gains 20%. If the cost price is Rs. 400, find the marked price.

A. Rs. 564.71

B. Rs. 540

C. Rs. 550

D. Rs. 580

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 400*1.2 = 480. MP = 480 / 0.85 = 564.71.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a product for Rs. 960, gaining 20%. Find the cost price.

A. Rs. 840

B. Rs. 820

C. Rs. 780

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 960 / 1.20 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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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. 42.85%

B. 50%

C. 60%

D. 33.33%

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Correct Answer: Option A

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%.

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Question #3

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What is the single equivalent discount for two successive discounts of 10% and 10%?

A. 20%

B. 18%

C. 19%

D. 21%

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Correct Answer: Option C

Explanation:
Equivalent discount = a + b - (ab / 100) = 10 + 10 - (100 / 100) = 19%.

This question belongs to: Maths Profit And Loss

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