An article was sold at a 10% loss. Had it been sold for Rs. 108 more, there would have been an 8% profit. Find the cost price. MCQ with Answer and Explanation
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Question #1
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If the marked price of an article is Rs. 800 and it is sold at a discount of 15%, what is the selling price?
Correct Answer: Option B
Explanation:
SP = 800 * (1 - 0.15) = 800 * 0.85 = 680.
SP = 800 * (1 - 0.15) = 800 * 0.85 = 680.
This question belongs to:
Maths
Profit And Loss
Question #2
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A man buys 100 oranges for Rs. 400. 20 oranges are rotten and thrown away. At what rate per dozen should he sell the remaining oranges to gain 20% on the whole transaction?
Correct Answer: Option D
Explanation:
Total Cost Price = 400. Desired Total Selling Price = 400 * 1.20 = 480. Remaining oranges = 80. Selling Price per orange = 480 / 80 = 6. Selling Price per dozen = 6 * 12 = 72.
Total Cost Price = 400. Desired Total Selling Price = 400 * 1.20 = 480. Remaining oranges = 80. Selling Price per orange = 480 / 80 = 6. Selling Price per dozen = 6 * 12 = 72.
This question belongs to:
Maths
Profit And Loss
Question #3
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A merchant marks his goods 25% above CP and gives a 10% discount. Find his profit percentage.
Correct Answer: Option A
Explanation:
Let CP = 100. Marked Price = 125. Discount = 10% of 125 = 12.5. SP = 125 - 12.5 = 112.5. Profit % = 12.5%.
Let CP = 100. Marked Price = 125. Discount = 10% of 125 = 12.5. SP = 125 - 12.5 = 112.5. Profit % = 12.5%.
This question belongs to:
Maths
Profit And Loss
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