A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the marked price of an article whose cost price is Rs. 170? MCQ with Answer and Explanation

Question

A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the marked price of an article whose cost price is Rs. 170?

A. Rs. 220

B. Rs. 240

C. Rs. 260

D. Rs. 280

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 1.2 * CP = 1.2 * 170 = 204. Marked Price (MP) - 15% of MP = SP. 0.85 * MP = 204. MP = 204 / 0.85 = 240.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer allows a discount of 20% on an article and still gains 20%. If the marked price is Rs. 1500, find the cost price.

A. Rs. 1050

B. Rs. 1000

C. Rs. 950

D. Rs. 1100

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Correct Answer: Option B

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

This question belongs to: Maths Profit And Loss

Question #2

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If goods are purchased for Rs. 450 and one-third is sold at a loss of 10%, at what profit percentage should the remainder be sold to gain 20% on the whole transaction?

A. 35%

B. 40%

C. 30%

D. 32%

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Correct Answer: Option A

Explanation:
Total cost = 450. Total desired SP = 450 * 1.2 = 540. CP of one-third = 150. SP of one-third at 10% loss = 150 * 0.9 = 135. Required SP for remainder = 540 - 135 = 405. CP of remainder = 300. Profit required = 405 - 300 = 105. Profit % = (105 / 300) * 100 = 35%.

This question belongs to: Maths Profit And Loss