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. 1250

B. Rs. 1300

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 trader marks his goods 40% above cost and gives a discount of 20%. What is his profit percent?

A. 12%

B. 8%

C. 15%

D. 10%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 140, SP = 140*0.8 = 112, profit = 12%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of 12 articles is equal to the selling price of 15 articles, find the loss percent.

A. 25%

B. 15%

C. 10%

D. 20%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 15 = 12 => SP of 1 = 12/15 = 0.8, loss = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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What is the single equivalent discount for two successive discounts of 10% and 10%?

A. 18%

B. 19%

C. 20%

D. 21%

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Correct Answer: Option B

Explanation:
Equivalent discount = a + b - (ab / 100) = 10 + 10 - (100 / 100) = 19%.

This question belongs to: Maths Profit And Loss

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