Allows 15% discount, still gains 19% profit. Markup % on CP: MCQ with Answer and Explanation

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Allows 15% discount, still gains 19% profit. Markup % on CP:

A. 30%

B. 40%

C. 35%

D. 38%

Answer: Option B

Solution (By JKSSB Mock Tests)

CP=100, SP=119, MP=119/0.85=140, markup 40%.

This question belongs to: Maths Percentage

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Question #1

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If the price of sugar rises by 25%, by what percent must consumption be reduced so that expenditure remains the same?

A. 20%

B. 15%

C. 25%

D. 18%

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Correct Answer: Option A

Explanation:
Reduction = (25/125)×100 = 20%.

This question belongs to: Maths Percentage

Question #2

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A student multiplied a number by 5/3 instead of 3/5. What is the percentage error?

A. 150%

B. 64%

C. 177.77%

D. 100%

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Correct Answer: Option C

Explanation:
True = 3/5x. False = 5/3x. Error = (5/3 - 3/5)x = (16/15)x. % Error = ((16/15) / (3/5)) * 100 = (16/9) * 100 = 177.77%.

This question belongs to: Maths Percentage

Question #3

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60 L mixture, milk:water 2:1. To make 1:2, water added:

A. 50 L

B. 60 L

C. 55 L

D. 65 L

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Correct Answer: Option B

Explanation:
Milk=40 L, water=20 L. For 1:2, water=80 L, add 60 L.

This question belongs to: Maths Percentage

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