A trader gives a discount of 20% on the marked price and still gains 10%. If the marked price is Rs. 1500, find the cost price. MCQ with Answer and Explanation

Question

A trader gives a discount of 20% on the marked price and still gains 10%. If the marked price is Rs. 1500, find the cost price.

A. Rs. 1050

B. Rs. 1125

C. Rs. 1090.91

D. Rs. 1100

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 1500*0.8 = 1200. CP = 1200 / 1.10 = 1090.91.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer sells a product for Rs. 380, losing 5%. What is the cost price?

A. Rs. 410

B. Rs. 390

C. Rs. 400

D. Rs. 385

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Correct Answer: Option C

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a TV at Rs. 12000, incurring a loss of 20%. What is the cost price of the TV?

A. Rs. 15000

B. Rs. 14500

C. Rs. 14000

D. Rs. 16000

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Correct Answer: Option A

Explanation:
SP = 80% of CP => CP = 12000/0.8 = 15000.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 960 and the profit earned is 20%, what is the cost price?

A. Rs. 840

B. Rs. 800

C. Rs. 700

D. Rs. 900

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Correct Answer: Option B

Explanation:
Selling Price = 120% of Cost Price. Therefore, 1.2 * CP = 960. CP = 960 / 1.2 = Rs. 800.

This question belongs to: Maths Profit And Loss

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