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. 1125

B. Rs. 1050

C. Rs. 1100

D. Rs. 1090.91

Answer: Option D

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A trader gives a discount of 10% on an article and still gains 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 800

B. Rs. 850

C. Rs. 900

D. Rs. 750

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SP = 600*1.2 = 720. MP = 720 / 0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If the selling price of an article is Rs. 340 and the loss is 15%, find the cost price.

A. Rs. 380

B. Rs. 390

C. Rs. 400

D. Rs. 410

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 85% of CP => CP = 340 / 0.85 = 400.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the cost price of 7 articles is equal to the selling price of 6 articles, find the gain percent.

A. 15%

B. 20%

C. 16.67%

D. 12%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 7 = 7, SP of 6 = 7 => SP of 1 = 7/6 = 1.1667, gain = 16.67%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs