A trader marks his goods such that after allowing a 16.66% discount, he earns a profit of 25%. What is the ratio of Cost Price to Marked Price? MCQ with Answer and Explanation

Question

A trader marks his goods such that after allowing a 16.66% discount, he earns a profit of 25%. What is the ratio of Cost Price to Marked Price?

A. 4:5

B. 5:6

C. 3:4

D. 2:3

Answer: Option D

Solution (By JKSSB Mock Tests)

Discount = 1/6 of MP. Selling Price = (5/6) * MP. Profit = 25% = 1/4 of CP. Selling Price = (5/4) * CP. (5/6) * MP = (5/4) * CP. CP / MP = (5/6) / (5/4) = 4/6 = 2/3.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 240 and the profit is 20%, find the cost price.

A. Rs. 200

B. Rs. 210

C. Rs. 190

D. Rs. 220

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Correct Answer: Option A

Explanation:
CP = 240 / 1.20 = 200.

This question belongs to: Maths Profit And Loss

Question #2

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A vendor buys lemons at 5 for Rs. 14 and sells them at 3 for Rs. 12. Find the profit percentage.

A. 60%

B. 33.33%

C. 50%

D. 42.85%

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Correct Answer: Option D

Explanation:
CP of 15 lemons = 14 * 3 = 42. SP of 15 lemons = 12 * 5 = 60. Profit = 18. Profit % = (18 / 42) * 100 = (3/7) * 100 = 42.85%.

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Question #3

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What is the selling price of an article if its cost price is Rs. 750 and the profit is 8%?

A. Rs. 810

B. Rs. 780

C. Rs. 800

D. Rs. 820

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Correct Answer: Option A

Explanation:
SP = 750 * 1.08 = 810.

This question belongs to: Maths Profit And Loss

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