The marked price is 40% above the cost price. A discount of 20% is given, resulting in a profit of Rs. 48. Find the cost price. MCQ with Answer and Explanation

The marked price is 40% above the cost price. A discount of 20% is given, resulting in a profit of Rs. 48. Find the cost price.

A. Rs. 450

B. Rs. 350

C. Rs. 400

D. Rs. 300

Answer: Option C

Let Cost Price = 100x. Marked Price = 140x. Selling Price = 140x * 0.80 = 112x. Profit = 12x. 12x = 48. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss

No comments yet. Be the first to start the discussion!

Question #1 Report Error

A shopkeeper sells a watch for Rs. 1980, losing 10%. Find the cost price.

A. Rs. 2100

B. Rs. 2000

C. Rs. 2300

D. Rs. 2200

Correct Answer: Option D

Explanation:
CP = 1980/0.9 = 2200.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A man buys 10 articles for Rs. 8 and sells 8 articles for Rs. 10. Find the profit percentage.

A. 60%

B. 50%

C. 45%

D. 56.25%

Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A fruit vendor buys 5 apples for Rs. 4 and sells 4 apples for Rs. 5. What is his profit percentage?

A. 50.5%

B. 40%

C. 45%

D. 56.25%

Correct Answer: Option D

Explanation:
Buy 20 apples for 16. Sell 20 apples for 25. Profit = 25 - 16 = 9. Profit percentage = (9 / 16) * 100 = 56.25%.

This question belongs to: Maths Profit And Loss