A shopkeeper marks an article at Rs. 800 and sells it at a discount of 12%. What is the selling price? MCQ with Answer and Explanation

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A shopkeeper marks an article at Rs. 800 and sells it at a discount of 12%. What is the selling price?

A. Rs. 700

B. Rs. 704

C. Rs. 680

D. Rs. 720

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 800*0.88 = 704.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 390 and the selling price is Rs. 468, what is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 18%

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Correct Answer: Option B

Explanation:
Profit = 78, profit% = 78/390*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a toy for Rs. 300 and sells it for Rs. 240. What is the loss percentage?

A. 25%

B. 30%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Loss = 60, loss% = 60/300*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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A trader marks his goods 40% above the cost price and allows a discount of 15%. What is his actual profit percentage?

A. 18%

B. 19%

C. 21%

D. 25%

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Correct Answer: Option B

Explanation:
Let CP = 100. Marked Price (MP) = 140. Discount = 15% of 140 = 21. Selling Price (SP) = 140 - 21 = 119. Profit % = ((119 - 100) / 100) * 100 = 19%.

This question belongs to: Maths Profit And Loss

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