A dealer allows a discount of 10% on the marked price and still gains 15%. If the cost price is Rs. 500, find the marked price. MCQ with Answer and Explanation
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Question #1
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A trader gives a discount of 10% on an article and still gains 20%. If the cost price is Rs. 600, find the marked price.
Correct Answer: Option B
Explanation:
SP = 600*1.2 = 720. MP = 720 / 0.9 = 800.
SP = 600*1.2 = 720. MP = 720 / 0.9 = 800.
This question belongs to:
Maths
Profit And Loss
Question #2
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A tradesman marks his goods 25% above the cost price and allows a 10% discount for cash payment. If he earns a profit of Rs. 50, what is the cost price?
Correct Answer: Option B
Explanation:
Let Cost Price = 100x. Marked Price = 125x. Selling Price = 125x * 0.90 = 112.5x. Profit = 12.5x. 12.5x = 50. x = 4. Cost Price = 100 * 4 = 400.
Let Cost Price = 100x. Marked Price = 125x. Selling Price = 125x * 0.90 = 112.5x. Profit = 12.5x. 12.5x = 50. x = 4. Cost Price = 100 * 4 = 400.
This question belongs to:
Maths
Profit And Loss
Question #3
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The marked price of an article is Rs. 1500. A shopkeeper gives a discount of 20% and still makes a profit of 25%. What is the cost price?
Correct Answer: Option C
Explanation:
SP = 80% of 1500 = 1200. SP = 125% of CP. 1.25 * CP = 1200. CP = 1200 / 1.25 = Rs. 960.
SP = 80% of 1500 = 1200. SP = 125% of CP. 1.25 * CP = 1200. CP = 1200 / 1.25 = Rs. 960.
This question belongs to:
Maths
Profit And Loss
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