The marked price is 40% above the cost price. A discount of 20% is given, resulting in a profit of Rs. 48. Find the cost price. MCQ with Answer and Explanation

Question

The marked price is 40% above the cost price. A discount of 20% is given, resulting in a profit of Rs. 48. Find the cost price.

A. Rs. 400

B. Rs. 450

C. Rs. 300

D. Rs. 350

Answer: Option A

Solution (By JKSSB Mock Tests)

Let Cost Price = 100x. Marked Price = 140x. Selling Price = 140x * 0.80 = 112x. Profit = 12x. 12x = 48. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer sells two machines for Rs. 9600 each. On one he gains 20% and on the other he loses 20%. Find his total loss or gain in rupees.

A. Rs. 800 loss

B. No loss no gain

C. Rs. 400 loss

D. Rs. 800 gain

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Correct Answer: Option A

Explanation:
Cost Price of first machine = 9600 / 1.20 = 8000. Cost Price of second machine = 9600 / 0.80 = 12000. Total Cost Price = 8000 + 12000 = 20000. Total Selling Price = 9600 + 9600 = 19200. Loss = 20000 - 19200 = Rs. 800.

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Question #2

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If the cost price of an item is Rs. 360 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 420

B. Rs. 400

C. Rs. 414

D. Rs. 430

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Correct Answer: Option C

Explanation:
SP = 360*1.15 = 414.

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Question #3

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A vendor buys bananas at 6 for Rs. 5 and sells them at 5 for Rs. 6. If his total profit is Rs. 55, find the total number of bananas bought.

A. 120

B. 200

C. 180

D. 150

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Correct Answer: Option D

Explanation:
Cost Price of 30 bananas = 5 * 5 = 25. Selling Price of 30 bananas = 6 * 6 = 36. Profit on 30 bananas = 11. Total profit is 55, which is 5 times 11. Total bananas = 30 * 5 = 150.

This question belongs to: Maths Profit And Loss

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