An article marked at Rs. 1500 is sold for Rs. 1200. What is the discount percentage? MCQ with Answer and Explanation

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An article marked at Rs. 1500 is sold for Rs. 1200. What is the discount percentage?

A. 20%

B. 25%

C. 18%

D. 15%

Answer: Option A

Solution (By JKSSB Mock Tests)

Marked Price = 1500. Selling Price = 1200. Discount = 1500 - 1200 = 300. Discount percentage = (300 / 1500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1

A man sells an item for Rs. 450, gaining 12.5%. What is the cost price?

A. Rs. 420

B. Rs. 400

C. Rs. 380

D. Rs. 410

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Correct Answer: Option B

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #2

A dealer sells a book for Rs. 330, losing 12%. Find the cost price.

A. Rs. 375

B. Rs. 385

C. Rs. 350

D. Rs. 360

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Correct Answer: Option A

Explanation:
SP = 88% of CP => CP = 330 / 0.88 = 375.

This question belongs to: Maths Profit And Loss

Question #3

A merchant mixes 40 kg of rice at Rs. 20/kg with 60 kg of rice at Rs. 30/kg. He sells the mixture at Rs. 31.20/kg. What is his profit percentage?

A. 22%

B. 15%

C. 20%

D. 18%

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Correct Answer: Option C

Explanation:
Total Cost = (40 * 20) + (60 * 30) = 800 + 1800 = 2600. Total Selling Price = 100 * 31.20 = 3120. Profit = 3120 - 2600 = 520. Profit percentage = (520 / 2600) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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