model 5 marked price Section-Wise Topic Notes With Detailed Explanation And Example Questions

Question : 1

The marked price of an article is 10% higher than cost price. A discount of 10% is given on marked price. In this kind of sale, the seller bears :

a) no loss, no gain

b) a gain of 1%

c) a loss of 1%

d) a loss of 5%

Question : 2

The marked price of an article is 50% above cost price. When marked price is increased by 20% and selling price is increased by 20%, the profit doubles. If original marked price is Rs.300, then original selling price is

a) Rs.200

b) Rs.240

c) Rs.275

d) Rs.250

Question : 3

The cost of manufacture of a tape recorder is Rs.1,500. The manufacturer fixes the marked price 20% above the cost of manufacture and allows a discount in such a way as to get a profit of 8%. The rate of discount is

a) 12%

b) 20%

c) 10%

d) 8%

Question : 4

A shopkeeper allows 23% commission on his advertised price and still makes a profit of 10%. If he gains Rs.56 on one item, his advertised price of the item, (in Rs.) is

a) 820

b) 790

c) 800

d) 780

Question : 5

The cost price of an article is Rs.800. After allowing a discount of 10%, a gain of 12.5% was made. Then the marked price of the article is

a) Rs.1,000

b) Rs.1,200

c) Rs.1,300

d) Rs.1,100

Question : 6

Rita bought a television set with 20% discount on the labelled price. She made a profit of Rs.800 by selling it for Rs.16,800. The labelled price of the set was

a) Rs.18,000

b) Rs.20,800

c) Rs.24,000

d) Rs.20,000