1. A trader gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labeled price of an item. The final sale price of the item is Rs.704. Find out the labeled price?

1. 1000

2. 2000

3. 1200

4. 920

Answer & Explanation

Answer:- 1

Explanation :-

First Discount= 20% of labeled price i.e. SP = 80% of Labeled Price

Second Discount= 12% of (80% of labeled price) i.e. Second SP = 88% of 80% of Labeled Price

Therefore

88% of 80% of labeled Price =704

Labeled Price = (704*100*100)/(88*80)

Labeled Price = Rs 1000

2. A trader keeps the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

1. None

2. 30%

3. 25%

4. 20%

Answer & Explanation

Answer:- 4

Explanation :-

Let the CP be 100

Therefore , MP=135

To gain 8%, SP=108

Discount =135-108=27

Discount %age=(100/135)*27=20%

3. Arun bought a computer with 15% discount on the labeled price. He sold the computer for Rs.2880 with 20% profit on the labeled price. At what price did he buy the computer?

1. Rs.3000

2. Rs.2080

3. Rs.2040

4. Rs.2000

Answer & Explanation

Answer:- 3

Explanation :-

120% pf Labeled Price=2880

Labeled price =2880*100/120=2400

CP = 2400*85/100=2040

4. A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ?

1. Rs15

2. Rs 20

3. Rs 22

4. Rs 25

5. None of these

Answer & Explanation

Answer:- 3

Explanation :-

Discount = 15% of MP

Therefore , MP = (37.40/85)*100=44

MP of Each Article = 44/2 = Rs. 22

5. Aditya bought a pen at 70% of the listed price. He sold it for Rs 350/- which was 20% more than the price he had bought for. What was the listed price?

1. Rs 315.88

2. Rs 320.48

3. Rs 416.66

4. Rs 461.66

5. None of these

Answer & Explanation

Answer:- 3

Explanation :-

CP = 70% of Labeled Price

SP=120% of 70% of Labeled Price

120% of 70% of Labeled Price = Rs. 350

Labeled Price =(350*100*100)/(120*70)

Labeled Price= Rs. 416.66