A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the marked price of an article whose cost price is Rs. 170? MCQ with Answer and Explanation
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Question #1
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A man sells an article for Rs. 880, gaining 10%. What is the cost price?
Correct Answer: Option C
Explanation:
CP = 880 / 1.10 = 800.
CP = 880 / 1.10 = 800.
This question belongs to:
Maths
Profit And Loss
Question #2
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Successive discounts of 20% and 15% are equal to a single equivalent discount of what percentage?
Correct Answer: Option C
Explanation:
Equivalent discount = A + B - (A * B) / 100. So, 20 + 15 - (20 * 15) / 100 = 35 - 300 / 100 = 35 - 3 = 32%.
Equivalent discount = A + B - (A * B) / 100. So, 20 + 15 - (20 * 15) / 100 = 35 - 300 / 100 = 35 - 3 = 32%.
This question belongs to:
Maths
Profit And Loss
Question #3
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A shopkeeper sells a shirt for Rs. 350, gaining 40%. Find the cost price.
Correct Answer: Option B
Explanation:
CP = 350 / 1.40 = 250.
CP = 350 / 1.40 = 250.
This question belongs to:
Maths
Profit And Loss
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