A dealer allows a discount of 15% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price. MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Profit And Loss Questions
Question #1
Report Error
If the cost price of an article is Rs. 520 and the selling price is Rs. 650, what is the profit percentage?
Question #2
Report Error
If selling price is multiplied by 3, the profit becomes 5 times the original profit. Find the original profit percentage.
Correct Answer: Option B
Explanation:
Let original SP = S, CP = C. Profit P = S - C. New SP = 3S. New Profit = 3S - C. Given: 3S - C = 5(S - C). 3S - C = 5S - 5C. 4C = 2S. S = 2C. Profit = 2C - C = C. Profit % = (C/C) * 100 = 100%.
Let original SP = S, CP = C. Profit P = S - C. New SP = 3S. New Profit = 3S - C. Given: 3S - C = 5(S - C). 3S - C = 5S - 5C. 4C = 2S. S = 2C. Profit = 2C - C = C. Profit % = (C/C) * 100 = 100%.
This question belongs to:
Maths
Profit And Loss
Question #3
Report Error
A trader allows a discount of 40% on the marked price and still gains 20%. If the cost price is Rs. 600, find the marked price.
No comments yet. Be the first to start the discussion!