The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make a 25% profit? MCQ with Answer and Explanation

Question

The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make a 25% profit?

A. Rs. 2400

B. Rs. 2000

C. Rs. 2200

D. Rs. 2500

Answer: Option B

Solution (By JKSSB Mock Tests)

Cost Price = (1920 + 1280) / 2 = 3200 / 2 = 1600. Desired Selling Price for 25% profit = 1600 * 1.25 = 2000.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer allows a discount of 15% on an article and still gains 20%. If the cost price is Rs. 400, find the marked price.

A. Rs. 540

B. Rs. 550

C. Rs. 580

D. Rs. 564.71

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Correct Answer: Option D

Explanation:
SP = 400*1.2 = 480. MP = 480 / 0.85 = 564.71.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a book for Rs. 440, gaining 10%. Find the cost price.

A. Rs. 420

B. Rs. 380

C. Rs. 410

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 440 / 1.10 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper allows a successive discount of 20% and 10%. By what percentage should the marked price be above the cost price so that the shopkeeper makes a profit of 8%?

A. 60%

B. 40%

C. 75%

D. 50%

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Correct Answer: Option D

Explanation:
Equivalent discount = 20 + 10 - (200 / 100) = 28%. Let Cost Price = 100. Selling Price = 108. Marked Price * (1 - 0.28) = 108. Marked Price * 0.72 = 108. Marked Price = 108 / 0.72 = 150. Markup percentage = 50%.

This question belongs to: Maths Profit And Loss

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