A shopkeeper sells a product at a profit of 15%. If the cost price is Rs. 400, what is the selling price? MCQ with Answer and Explanation
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Question #1
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An article passing through two hands is sold at a profit of 38% at the original cost price. If the first dealer makes a profit of 15%, what is the profit percentage made by the second dealer?
Correct Answer: Option B
Explanation:
Let original Cost Price = 100. Final Selling Price = 138. First dealer's Selling Price = 115. Second dealer buys at 115 and sells at 138. Profit = 138 - 115 = 23. Profit percentage = (23 / 115) * 100 = 20%.
Let original Cost Price = 100. Final Selling Price = 138. First dealer's Selling Price = 115. Second dealer buys at 115 and sells at 138. Profit = 138 - 115 = 23. Profit percentage = (23 / 115) * 100 = 20%.
This question belongs to:
Maths
Profit And Loss
Question #2
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A shopkeeper sells a bag for Rs. 440, losing 12%. Find the cost price.
Correct Answer: Option D
Explanation:
SP = 88% of CP => CP = 440 / 0.88 = 500.
SP = 88% of CP => CP = 440 / 0.88 = 500.
This question belongs to:
Maths
Profit And Loss
Question #3
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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 D
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
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