A dealer gives a discount of 10% on the marked price and still gains 15%. If the marked price is Rs. 800, find the cost price. MCQ with Answer and Explanation
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Question #1
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Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage?
Correct Answer: Option C
Explanation:
Overall loss percentage = (15^2) / 100 = 225 / 100 = 2.25%.
Overall loss percentage = (15^2) / 100 = 225 / 100 = 2.25%.
This question belongs to:
Maths
Profit And Loss
Question #2
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A dealer allows a discount of 40% on the marked price 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 / 0.6 = 1200.
SP = 600*1.2 = 720. MP = 720 / 0.6 = 1200.
This question belongs to:
Maths
Profit And Loss
Question #3
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A man bought two horses for Rs. 30000. He sold one at a loss of 15% and the other at a profit of 19%. If the selling price of both horses is the same, what is the cost price of the second horse?
Correct Answer: Option C
Explanation:
Let the cost prices be CP1 and CP2. CP1 + CP2 = 30000. Given 0.85 * CP1 = 1.19 * CP2, which simplifies to CP1 / CP2 = 119 / 85 = 7 / 5. The ratio is 7:5. Total parts = 12. 1 part = 30000 / 12 = 2500. CP2 = 5 parts = 5 * 2500 = Rs. 12500.
Let the cost prices be CP1 and CP2. CP1 + CP2 = 30000. Given 0.85 * CP1 = 1.19 * CP2, which simplifies to CP1 / CP2 = 119 / 85 = 7 / 5. The ratio is 7:5. Total parts = 12. 1 part = 30000 / 12 = 2500. CP2 = 5 parts = 5 * 2500 = Rs. 12500.
This question belongs to:
Maths
Profit And Loss
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