Allows 10% discount, still gains 8% profit. Markup % on CP: MCQ with Answer and Explanation

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Allows 10% discount, still gains 8% profit. Markup % on CP:

A. 20%

B. 22%

C. 18%

D. 16%

Answer: Option A

Solution (By JKSSB Mock Tests)

CP=100, SP=108, MP=108/0.9=120, markup 20%.

This question belongs to: Maths Percentage

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Question #1

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A man's income is Rs. 25000. He spends 40% on food, 30% on rent, 20% on other items and saves the rest. By what percent should he reduce his food expenditure to increase his savings by 20%?

A. 7%

B. 6%

C. 5%

D. 4%

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Correct Answer: Option C

Explanation:
Present savings = 10% of 25000 = 2500. New savings = 3000. Reduction in food = 500. Food = 10000, % reduction = (500/10000)×100 = 5%.

This question belongs to: Maths Percentage