A trader allows a discount of 25% on an article marked at Rs. 1200. What is the selling price? MCQ with Answer and Explanation

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A trader allows a discount of 25% on an article marked at Rs. 1200. What is the selling price?

A. Rs. 900

B. Rs. 950

C. Rs. 850

D. Rs. 1000

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 1200 * 0.75 = 900.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sold a bicycle for Rs. 2500, gaining 25%. What was the cost price?

A. Rs. 2000

B. Rs. 2100

C. Rs. 1800

D. Rs. 2200

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Correct Answer: Option A

Explanation:
CP = 2500/1.25 = 2000.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 720 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 850

B. Rs. 880

C. Rs. 900

D. Rs. 920

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Correct Answer: Option C

Explanation:
SP = 720 * 1.25 = 900.

This question belongs to: Maths Profit And Loss

Question #3

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A person sells a TV set for Rs. 9400 and makes a certain loss. If he sells it for Rs. 10600, his profit is double the amount of his previous loss. What is the cost price of the TV?

A. Rs. 9600

B. Rs. 9800

C. Rs. 10000

D. Rs. 10200

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Correct Answer: Option B

Explanation:
Let Cost Price = x. Loss = x - 9400. Profit = 10600 - x. Profit = 2 * Loss. 10600 - x = 2 * (x - 9400). 10600 - x = 2x - 18800. 3x = 29400. x = 9800.

This question belongs to: Maths Profit And Loss

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