A shopkeeper allows a discount of 10% on his goods and still makes a profit of 20%. If the marked price is Rs. 1200, what is the cost price? MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Profit And Loss Questions
Question #1
Report Error
An article was sold at a 10% loss. Had it been sold for Rs. 108 more, there would have been an 8% profit. Find the cost price.
Correct Answer: Option B
Explanation:
Difference in percentage = 8% - (-10%) = 18%. 18% of Cost Price = 108. Cost Price = (108 / 18) * 100 = 600.
Difference in percentage = 8% - (-10%) = 18%. 18% of Cost Price = 108. Cost Price = (108 / 18) * 100 = 600.
This question belongs to:
Maths
Profit And Loss
Question #2
Report Error
A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
Correct Answer: Option D
Explanation:
Cost Price of 6 toffees = 1. Cost Price of 1 toffee = 1 / 6. Selling Price of 1 toffee to gain 20% = (1 / 6) * 1.20 = 1 / 5. He must sell 5 toffees for a rupee.
Cost Price of 6 toffees = 1. Cost Price of 1 toffee = 1 / 6. Selling Price of 1 toffee to gain 20% = (1 / 6) * 1.20 = 1 / 5. He must sell 5 toffees for a rupee.
This question belongs to:
Maths
Profit And Loss
Question #3
Report Error
If the cost price of an article is Rs. 720 and it is sold at a profit of 25%, what is the selling price?
Correct Answer: Option A
Explanation:
SP = 720 * 1.25 = 900.
SP = 720 * 1.25 = 900.
This question belongs to:
Maths
Profit And Loss
No comments yet. Be the first to start the discussion!