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. MCQ with Answer and Explanation

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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.

A. Rs. 700

B. Rs. 600

C. Rs. 650

D. Rs. 500

Answer: Option B

Solution (By JKExamLibrary)

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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Practice More Profit And Loss Questions

Question #1 Report Error

If the cost price of an article is Rs. 390 and the selling price is Rs. 468, what is the profit percentage?

A. 25%

B. 18%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 78, profit% = 78/390*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A shopkeeper sells an item at a profit of 25%. If the cost price is Rs. 800, what is the selling price?

A. Rs. 1000

B. Rs. 1100

C. Rs. 1050

D. Rs. 900

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SP = CP + 25% of CP = 800 + 200 = Rs. 1000.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A shopkeeper sells a product for Rs. 770, gaining 10%. Find the cost price.

A. Rs. 750

B. Rs. 680

C. Rs. 700

D. Rs. 720

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
CP = 770 / 1.10 = 700.

This question belongs to: Maths Profit And Loss

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