A table is sold for Rs. 1440 yielding a profit of 20%. Find the cost price of the table. MCQ with Answer and Explanation
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Question #1
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A trader allows a discount of 20% on an article and still gains 20%. If the marked price is Rs. 1200, find the cost price.
Question #2
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By selling 33 meters of cloth, a person gains an amount equal to the cost price of 11 meters. Find the profit percentage.
Correct Answer: Option A
Explanation:
Let the cost price of 1 meter be 1. The cost price of 33 meters is 33. The profit is equal to the cost price of 11 meters, which is 11. Profit Percentage = (Profit / Cost Price) * 100 = (11 / 33) * 100 = 33.33%.
Let the cost price of 1 meter be 1. The cost price of 33 meters is 33. The profit is equal to the cost price of 11 meters, which is 11. Profit Percentage = (Profit / Cost Price) * 100 = (11 / 33) * 100 = 33.33%.
This question belongs to:
Maths
Profit And Loss
Question #3
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A shopkeeper marks his goods 40% above cost and gives a discount of 10%. What is his profit percent?
Correct Answer: Option A
Explanation:
Let CP = 100, MP = 140, SP = 140*0.9 = 126, profit = 26%.
Let CP = 100, MP = 140, SP = 140*0.9 = 126, profit = 26%.
This question belongs to:
Maths
Profit And Loss
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