A shopkeeper allows a discount of 20% on an article marked at Rs. 1500. What is the selling price? MCQ with Answer and Explanation

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A shopkeeper allows a discount of 20% on an article marked at Rs. 1500. What is the selling price?

A. Rs. 1300

B. Rs. 1250

C. Rs. 1200

D. Rs. 1150

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 1500 * 0.8 = 1200.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper sells a book for Rs. 315, gaining 5%. Find the cost price.

A. Rs. 300

B. Rs. 290

C. Rs. 310

D. Rs. 320

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Correct Answer: Option A

Explanation:
CP = 315 / 1.05 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 7 articles is equal to the selling price of 6 articles, find the gain percent.

A. 16.67%

B. 20%

C. 15%

D. 12%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 7 = 7, SP of 6 = 7 => SP of 1 = 7/6 = 1.1667, gain = 16.67%.

This question belongs to: Maths Profit And Loss

Question #3

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An article is sold at a 15% profit. If its cost price decreases by 10% and selling price decreases by Rs. 21, the profit becomes 20%. Find the initial cost price.

A. Rs. 320

B. Rs. 300

C. Rs. 280

D. Rs. 250

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Correct Answer: Option B

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 115x. New Cost Price = 90x. New Selling Price = 90x * 1.20 = 108x. Difference = 115x - 108x = 7x. 7x = 21. x = 3. Initial Cost Price = 100 * 3 = 300.

This question belongs to: Maths Profit And Loss

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