A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. The marked price is increased above the cost price by: MCQ with Answer and Explanation

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A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. The marked price is increased above the cost price by:

A. 40%

B. 60%

C. 65%

D. 50%

Answer: Option D

Solution (By JKExamLibrary)

Let MP of 1 article = 100. Customer gets 16 articles but pays for 15. Total paid = 15 * 96 (4% discount) = 1440. Total CP of 16 articles = 16x. SP = 1440. Profit = 35%. 1.35 * 16x = 1440. 21.6x = 1440. x = 1440 / 21.6 = 66.66. MP is 100. Increase % = ((100 - 66.66) / 66.66) * 100 = 50%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1 Report Error

If the selling price of an article is Rs. 288 and the profit is 44%, find the cost price.

A. Rs. 220

B. Rs. 210

C. Rs. 200

D. Rs. 190

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A person buys a phone for Rs. 8000 and sells it for Rs. 7200. What is the loss percentage?

A. 8%

B. 15%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
Loss = 800, loss% = 800/8000*100 = 10%.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A man purchased an item for Rs. 400 and sold it for Rs. 480. What is his profit percentage?

A. 30%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option C

Explanation:
Profit = 80, profit% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

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