A trader marks his goods such that after allowing a 16.66% discount, he earns a profit of 25%. What is the ratio of Cost Price to Marked Price? MCQ with Answer and Explanation

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A trader marks his goods such that after allowing a 16.66% discount, he earns a profit of 25%. What is the ratio of Cost Price to Marked Price?

A. 3:4

B. 2:3

C. 5:6

D. 4:5

Answer: Option B

Solution (By JKExamLibrary)

Discount = 1/6 of MP. Selling Price = (5/6) * MP. Profit = 25% = 1/4 of CP. Selling Price = (5/4) * CP. (5/6) * MP = (5/4) * CP. CP / MP = (5/6) / (5/4) = 4/6 = 2/3.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1 Report Error

The cost price of 12 articles is equal to the selling price of 9 articles. Find the gain percent.

A. 20%

B. 25%

C. 30%

D. 33.33%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 9 = 12 => SP of 1 = 12/9 = 4/3 = 1.333, gain=33.33%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the selling price of an article is Rs. 336 and the profit is 12%, find the cost price.

A. Rs. 310

B. Rs. 290

C. Rs. 320

D. Rs. 300

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Correct Answer: Option D

Explanation:
CP = 336 / 1.12 = 300.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If the selling price of an article is Rs. 384 and the profit is 28%, find the cost price.

A. Rs. 290

B. Rs. 310

C. Rs. 300

D. Rs. 320

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Correct Answer: Option C

Explanation:
CP = 384 / 1.28 = 300.

This question belongs to: Maths Profit And Loss

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