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

Question

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

A. Rs. 687.5

B. Rs. 650

C. Rs. 600

D. Rs. 700

Answer: Option A

Solution (By JKSSB Mock Tests)

The correct answer is Option A. 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 shopkeeper sells a fan for Rs. 660, losing 10%. Find the cost price.

A. Rs. 733.33

B. Rs. 700

C. Rs. 720

D. Rs. 750

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

Question #2

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By selling a watch for Rs. 900, a shopkeeper loses 10%. What is the cost price?

A. Rs. 950

B. Rs. 1000

C. Rs. 980

D. Rs. 1050

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Correct Answer: Option B

Explanation:
Selling Price = 900. Loss = 10%. Cost Price = 900 / 0.90 = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper marks his goods 35% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 12%

C. 15%

D. 8%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 135, SP = 135*0.8 = 108, profit = 8%.

This question belongs to: Maths Profit And Loss

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