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. 450

B. Rs. 350

C. Rs. 300

D. Rs. 400

Answer: Option D

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 man sells an article at a loss of 5%. If the selling price is Rs. 380, find the cost price.

A. Rs. 390

B. Rs. 400

C. Rs. 410

D. Rs. 385

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Correct Answer: Option B

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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A person buys a pair of shoes for Rs. 400 and sells them for Rs. 480. What is the gain percent?

A. 25%

B. 20%

C. 30%

D. 15%

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Correct Answer: Option B

Explanation:
Gain = 80, gain% = 80/400*100 = 20%.

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Question #3

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A man buys 10 articles for Rs. 8 and sells 8 articles for Rs. 10. Find the profit percentage.

A. 60%

B. 50%

C. 45%

D. 56.25%

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

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