A shopkeeper allows 25% discount on the marked price of an article and suffers a loss of 15%. What will be his profit or loss percentage if he sells the article at marked price? MCQ with Answer and Explanation
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Question #1
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A man sells a book for Rs. 220, losing 12%. What is the cost price?
Correct Answer: Option A
Explanation:
SP = 88% of CP => CP = 220 / 0.88 = 250.
SP = 88% of CP => CP = 220 / 0.88 = 250.
This question belongs to:
Maths
Profit And Loss
Question #2
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A table is sold for Rs. 450 at a loss of 10%. What is the cost price of the table?
Correct Answer: Option D
Explanation:
Selling Price = 450. Loss = 10%. Cost Price = 450 / 0.90 = 500.
Selling Price = 450. Loss = 10%. Cost Price = 450 / 0.90 = 500.
This question belongs to:
Maths
Profit And Loss
Question #3
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A manufacturer sells to a wholesaler at a 25% profit. The wholesaler sells to a retailer at a 20% profit. The retailer sells to a customer at a 15% profit for Rs. 1380. If the manufacturer's total cost includes a 25% packaging charge on the base item cost, what is the base item cost?
Correct Answer: Option C
Explanation:
Retailer's Cost Price = 1380 / 1.15 = 1200. Wholesaler's Cost Price = 1200 / 1.20 = 1000. Manufacturer's Total Cost = 1000 / 1.25 = 800. Total Cost = Base Cost + 0.25 * Base Cost = 1.25 * Base Cost. 1.25 * Base Cost = 800. Base Cost = 800 / 1.25 = 640.
Retailer's Cost Price = 1380 / 1.15 = 1200. Wholesaler's Cost Price = 1200 / 1.20 = 1000. Manufacturer's Total Cost = 1000 / 1.25 = 800. Total Cost = Base Cost + 0.25 * Base Cost = 1.25 * Base Cost. 1.25 * Base Cost = 800. Base Cost = 800 / 1.25 = 640.
This question belongs to:
Maths
Profit And Loss
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