MAT Practice Quiz

Question 1

An item is sold at a loss of 10%. If its cost price is Rs. 450, what is the selling price?

Accepted Answer

Rs. 405

Question 2

A merchant marks his goods 50% above cost price. He gives a discount of 20% and still makes a profit of Rs. 120 on one article. What is the cost price of the article?

Accepted Answer

Rs. 600

Question 3

A trader marks an article 40% above cost price and allows a discount of 10% on the marked price. What is the profit percentage?

Accepted Answer

26%

Question 4

A shopkeeper gains 25% after allowing a discount of 20% on the marked price. By what percent is the marked price above the cost price?

Accepted Answer

56.25%

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