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. 580

C. Rs. 540

D. Rs. 550

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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If the selling price of an article is Rs. 342 and the profit is 14%, find the cost price.

A. Rs. 320

B. Rs. 290

C. Rs. 300

D. Rs. 310

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Correct Answer: Option C

Explanation:
CP = 342 / 1.14 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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A sells a bicycle to B at a 20% profit. B sells it to C at a 25% profit. If C pays Rs. 1500, what did A pay for it?

A. Rs. 1000

B. Rs. 900

C. Rs. 1200

D. Rs. 1100

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Correct Answer: Option A

Explanation:
Let A's Cost Price = X. X * 1.20 * 1.25 = 1500. 1.50 * X = 1500. X = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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By selling 33 meters of cloth, a person gains an amount equal to the cost price of 11 meters. Find the profit percentage.

A. 33.33%

B. 25%

C. 50%

D. 30%

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Correct Answer: Option A

Explanation:
Let the cost price of 1 meter be 1. The cost price of 33 meters is 33. The profit is equal to the cost price of 11 meters, which is 11. Profit Percentage = (Profit / Cost Price) * 100 = (11 / 33) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

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