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. 1200

B. Rs. 1250

C. Rs. 1150

D. Rs. 1300

Answer: Option A

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 man buys a watch for Rs. 1200 and sells it at a profit of 25%. What is the selling price of the watch?

A. Rs. 1400

B. Rs. 1600

C. Rs. 1500

D. Rs. 1450

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Correct Answer: Option C

Explanation:
Profit = 25% of 1200 = 300. Selling Price = Cost Price + Profit = 1200 + 300 = Rs. 1500.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 340 and the loss is 15%, find the cost price.

A. Rs. 410

B. Rs. 400

C. Rs. 380

D. Rs. 390

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Correct Answer: Option B

Explanation:
SP = 85% of CP => CP = 340 / 0.85 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a chair for Rs. 540, gaining 12.5%. Find the cost price.

A. Rs. 500

B. Rs. 480

C. Rs. 460

D. Rs. 520

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Correct Answer: Option B

Explanation:
CP = 540 / 1.125 = 480.

This question belongs to: Maths Profit And Loss

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