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

Question

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

A. Rs. 1000

B. Rs. 1100

C. Rs. 900

D. Rs. 1200

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 1500*0.8 = 1200. CP = 1200/1.2 = 1000.

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 person buys a shirt for Rs. 500 and sells it for Rs. 400. What is the loss percentage?

A. 15%

B. 25%

C. 30%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Loss = 100, loss% = 100/500*100 = 20%.

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. 410

B. Rs. 380

C. Rs. 400

D. Rs. 390

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 an article is Rs. 240 and the selling price is Rs. 288, what is the profit percentage?

A. 20%

B. 18%

C. 15%

D. 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Profit = 48, profit% = 48/240*100 = 20%.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs