A dealer buys an article at a 20% discount on its marked price. He spends 10% of the cost price on repairs and sells it at a 15% profit on the marked price. Find his total profit percentage. MCQ with Answer and Explanation
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Question #1
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A man sold two articles for Rs. 600 each. On one he gains 20% and on the other he loses 20%. What is his overall loss or gain percent?
Correct Answer: Option B
Explanation:
CP1 = 600/1.2 = 500, CP2 = 600/0.8 = 750, total CP = 1250, total SP = 1200, loss = 50, loss% = (50/1250)*100 = 4%.
CP1 = 600/1.2 = 500, CP2 = 600/0.8 = 750, total CP = 1250, total SP = 1200, loss = 50, loss% = (50/1250)*100 = 4%.
This question belongs to:
Maths
Profit And Loss
Question #2
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A trader allows a discount of 12% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.
Correct Answer: Option B
Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.88 = 681.82.
SP = 500*1.2 = 600. MP = 600 / 0.88 = 681.82.
This question belongs to:
Maths
Profit And Loss
Question #3
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A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs. 800, find the cost price.
Correct Answer: Option C
Explanation:
Marked Price = 800. Selling Price = 800 * 0.90 = 720. Cost Price = 720 / 1.20 = 600.
Marked Price = 800. Selling Price = 800 * 0.90 = 720. Cost Price = 720 / 1.20 = 600.
This question belongs to:
Maths
Profit And Loss
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