Question : A cycle dealer offers a discount of 10% and still makes a profit of 26%. What does he pay for a cycle whose marked price is Rs. 840?
Option 1: Rs. 600
Option 2: Rs. 650
Option 3: Rs. 700
Option 4: Rs. 750
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Correct Answer: Rs. 600
Solution : Given: Discount percentage = 10%, gain percentage = 26% and marked price (MP) = Rs. 840 So, the selling price (SP) = $\frac{\text{Marked Price}×(100-\text{Profit%)}}{100}$ = $\frac{840(100-10)}{100}$ = Rs. 756 To gain 26%, Cost price = $\frac{\text{Selling Price} × 100}{100+\text{Gain%}}=\frac{756×100}{100+26}$ = Rs. 600 Hence, the correct answer is Rs. 600.
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Question : A photographer is allowed a discount of 10% on the advertised price of a camera. The price (in Rs.) that must be marked on the camera, which cost him Rs. 600, to make a profit of 20% would be:
Option 1: 650
Option 2: 800
Option 3: 700
Option 4: 850
Question : While selling a shirt, a shopkeeper gives a discount of 7%. If he gives a discount of 9%, he earns Rs. 15 less in profit. The marked price of the shirt is:
Option 1: Rs. 712
Option 2: Rs. 787
Option 3: Rs. 750
Option 4: Rs. 697
Question : A shopkeeper offers a 2.5% discount on cash purchases. What cash amount would Rohit pay for a cycle, the Marked price of which is Rs. 3,600?
Option 1: Rs. 3,490
Option 2: Rs. 3,500
Option 3: Rs. 3,510
Option 4: Rs. 3,520
Question : A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price by giving a 10% discount and the rest by giving a 50% discount on the marked price. What is his overall profit or loss percentage?
Option 1: Loss 2.8%
Option 2: Profit 2.8%
Option 3: Profit 3.6%
Option 4: Loss 3.6%
Question : A watch dealer pays a 10% customs duty on a watch which costs Rs. 500 abroad. He desires to make a profit of 20% after giving a discount of 25% to the buyer. The marked price should be:
Option 1: Rs. 950
Option 2: Rs. 800
Option 3: Rs. 880
Option 4: Rs. 660
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