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. 700

B. Rs. 650

C. Rs. 687.5

D. Rs. 600

Answer: Option C

Solution (By JKSSB Mock Tests)

The correct answer is Option C. 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 man bought a shirt for Rs. 450 and sold it for Rs. 540. What is the gain percentage?

A. 20%

B. 15%

C. 25%

D. 30%

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Correct Answer: Option A

Explanation:
Gain = 90, gain% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a T-shirt for Rs. 800 and sells it at a profit of 25%. What is the selling price?

A. Rs. 900

B. Rs. 1000

C. Rs. 1050

D. Rs. 950

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Correct Answer: Option B

Explanation:
SP = 800*1.25 = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of 5 articles is equal to the selling price of 6 articles, find the loss percent.

A. 20%

B. 15%

C. 16.67%

D. 10%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 5 = 5, SP of 6 = 5 => SP of 1 = 5/6 = 0.833, loss = 16.67%.

This question belongs to: Maths Profit And Loss

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