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. 3:4

C. 5:6

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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A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A. 5

B. 4

C. 3

D. 6

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Correct Answer: Option A

Explanation:
Cost Price of 6 toffees = 1. Cost Price of 1 toffee = 1 / 6. Selling Price of 1 toffee to gain 20% = (1 / 6) * 1.20 = 1 / 5. He must sell 5 toffees for a rupee.

This question belongs to: Maths Profit And Loss