After allowing a discount of 16%, a shopkeeper still earns a profit of 5%. What is the marked price if the cost price is Rs. 400? MCQ with Answer and Explanation

Question

After allowing a discount of 16%, a shopkeeper still earns a profit of 5%. What is the marked price if the cost price is Rs. 400?

A. Rs. 550

B. Rs. 450

C. Rs. 500

D. Rs. 520

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 105% of 400 = 420. Marked Price (MP) - 16% of MP = SP. 0.84 * MP = 420. MP = 420 / 0.84 = Rs. 500.

This question belongs to: Maths Profit And Loss

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A trader mixes two varieties of tea costing Rs. 50/kg and Rs. 60/kg in the ratio 2:3. He sells the mixture at Rs. 67.20/kg. Find his profit percentage.

A. 15%

B. 18%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Cost of 5 kg mixture = (2 * 50) + (3 * 60) = 100 + 180 = 280. Cost per kg = 280 / 5 = 56. Selling Price = 67.20. Profit = 11.20. Profit percentage = (11.20 / 56) * 100 = 20%.

This question belongs to: Maths Profit And Loss