The marked price of an article is Rs. 5000. A shopkeeper gives two successive discounts of x% and 20%. If the customer pays Rs. 3400, find the value of x. MCQ with Answer and Explanation

The marked price of an article is Rs. 5000. A shopkeeper gives two successive discounts of x% and 20%. If the customer pays Rs. 3400, find the value of x.
A. 10
B. 18
C. 12
D. 15
Answer: Option D
Solution (By JKSSB Mock Tests)
Price after 20% discount = 5000 * 0.80 = 4000. Further discount given = 4000 - 3400 = 600. Discount percentage x = (600 / 4000) * 100 = 15%.

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Practice More Profit And Loss Questions

Question #1
A fruit seller buys 50 mangoes at Rs. 10 each and sells them at Rs. 12 each. What is his profit percentage?
A. 30%
B. 20%
C. 15%
D. 25%

Correct Answer: Option B


Explanation:
CP = 500, SP = 600, profit = 100, profit% = 100/500*100=20%.

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Question #2
A person buys pencils at 3 for Rs. 2 and sells them at 2 for Rs. 3. Find the profit percentage.
A. 120%
B. 115%
C. 100%
D. 125%

Correct Answer: Option D


Explanation:
Cost Price of 1 pencil = 2 / 3. Selling Price of 1 pencil = 3 / 2. Profit = (3 / 2) - (2 / 3) = (9 - 4) / 6 = 5 / 6. Profit percentage = ((5 / 6) / (2 / 3)) * 100 = (5 / 4) * 100 = 125%.

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Question #3
A dealer sells a product for Rs. 380, losing 5%. What is the cost price?
A. Rs. 410
B. Rs. 400
C. Rs. 390
D. Rs. 385

Correct Answer: Option B


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

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