If the cost price of an article is Rs. 460 and it is sold at a loss of 5%, what is the selling price? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 460 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 430

B. Rs. 437

C. Rs. 445

D. Rs. 440

Answer: Option B

Solution (By JKSSB Mock Tests)

Loss = 5% of 460 = 23, SP = 460 - 23 = 437.

This question belongs to: Maths Profit And Loss

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An electronics store allows successive discounts of 15% and 20% on a laptop marked at Rs. 60,000. If the store still makes a 20% profit, what is the cost price?

A. Rs. 34000

B. Rs. 40000

C. Rs. 36000

D. Rs. 32000

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Correct Answer: Option A

Explanation:
Marked Price = 60000. Price after 15% discount = 51000. Price after further 20% discount = 51000 * 0.80 = 40800. Selling Price = 40800. Profit = 20%. Cost Price = 40800 / 1.20 = 34000.

This question belongs to: Maths Profit And Loss