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. 920

B. Rs. 880

C. Rs. 800

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

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

If the cost price of 12 articles is equal to the selling price of 10 articles, find the gain percent.

A. 18%

B. 20%

C. 25%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 10 = 12 => SP of 1 = 12/10 = 1.2, gain = 20%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

An electronics store allows successive discounts of 15% and 20% on a laptop marked at Rs. 60,000. If the store still makes a 20% profit, what is the cost price?

A. Rs. 36000

B. Rs. 34000

C. Rs. 32000

D. Rs. 40000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Marked Price = 60000. Price after 15% discount = 51000. Price after further 20% discount = 51000 * 0.80 = 40800. Selling Price = 40800. Profit = 20%. Cost Price = 40800 / 1.20 = 34000.

This question belongs to: Maths Profit And Loss