MRP Quiz
MRP Quiz turns your shopping experiences into light bulb moments. Here’s a fun one: in 2006, a major soft drink brand got into trouble for selling the same bottle at different prices, one at the railway station and another at a mall. Turns out, the MRP was “flexible” in practice, but not in law. From such incidents emerged the importance of understanding how discounts and markups work. This MRP quiz brings those ideas into simple, relatable problems. Whether you’re tackling profit and loss with MRP or brushing up on your MRP math problems, this quiz is like a calculator for common sense, just a bit more fun.
Sample Questions from This Quiz
- MRP of a TV is $60,000. It is sold at $51,000. What is the discount percentage?
- A shopkeeper buys an article for $800. He marks it up by 25% and gives a 10% discount. What is his profit percentage?
- A trader marks his goods 40% above cost and allows a discount of 20%. What is his gain or loss %?
- A shopkeeper marks an item at $1200 and offers a 25% discount. He still gains 20%. What is the cost price?
- If CP = $1000, MRP = $1500, discount = 20%, what is profit %?
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