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. 18%

C. 15%

D. 25%

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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Question #1

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A trader marks his goods 50% above cost and gives a discount of 30%. What is his profit percent?

A. 5%

B. 20%

C. 15%

D. 10%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 150, SP = 150*0.7 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 480 and the profit is 20%, find the cost price.

A. Rs. 400

B. Rs. 380

C. Rs. 420

D. Rs. 440

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Correct Answer: Option A

Explanation:
CP = 480 / 1.20 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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A person bought a watch for Rs. 2000 and sold it for Rs. 1600. What is the loss percentage?

A. 20%

B. 30%

C. 15%

D. 25%

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Correct Answer: Option A

Explanation:
Loss = 400, loss% = (400/2000)*100 = 20%.

This question belongs to: Maths Profit And Loss

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