A watch dealer pays a 10% custom duty on a watch costing Rs. 500 abroad. He wants to make a 20% profit after allowing a 25% discount. What should be the marked price? MCQ with Answer and Explanation

Question

A watch dealer pays a 10% custom duty on a watch costing Rs. 500 abroad. He wants to make a 20% profit after allowing a 25% discount. What should be the marked price?

A. Rs. 800

B. Rs. 880

C. Rs. 920

D. Rs. 840

Answer: Option B

Solution (By JKSSB Mock Tests)

Total Cost Price = 500 + 10% of 500 = 550. Target Selling Price = 550 * 1.20 = 660. Marked Price = 660 / 0.75 = 880.

This question belongs to: Maths Profit And Loss

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Question #1

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Find the single discount equivalent to two successive discounts of 20% and 30%.

A. 50%

B. 56%

C. 44%

D. 46%

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Correct Answer: Option C

Explanation:
Equivalent discount = 20 + 30 - (20 * 30 / 100) = 50 - 6 = 44%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sold two items for Rs. 10000 each. On the first item, he gained 25%. On the second item, he lost 20%. Find his total profit or loss amount in Rupees.

A. Loss Rs. 1000

B. Loss Rs. 500

C. Profit Rs. 500

D. Profit Rs. 1000

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Correct Answer: Option B

Explanation:
SP1 = 10000, Profit = 25%, CP1 = 10000 / 1.25 = 8000. SP2 = 10000, Loss = 20%, CP2 = 10000 / 0.80 = 12500. Total CP = 8000 + 12500 = 20500. Total SP = 10000 + 10000 = 20000. Total Loss = Total CP - Total SP = 20500 - 20000 = Rs. 500.

This question belongs to: Maths Profit And Loss