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. 840

B. Rs. 920

C. Rs. 800

D. Rs. 880

Answer: Option D

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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A person buys a toy for Rs. 200 and sells it for Rs. 180. What is the loss percentage?

A. 20%

B. 8%

C. 15%

D. 10%

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Correct Answer: Option D

Explanation:
Loss = 20, loss% = 20/200*100=10%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a T-shirt for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 620

B. Rs. 600

C. Rs. 580

D. Rs. 640

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Correct Answer: Option B

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 45% above cost and gives a discount of 25%. What is his profit percent?

A. 8.75%

B. 15%

C. 10%

D. 12%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 145, SP = 145*0.75 = 108.75, profit = 8.75%.

This question belongs to: Maths Profit And Loss

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