If the cost price of an article is Rs. 560 and it is sold at a profit of 12.5%, what is the selling price? MCQ with Answer and Explanation

Explanation:
Discount = 15% of 1200 = 180. Selling Price = 1200 - 180 = 1020.

Explanation:
Gain = 30, gain% = 30/150*100 = 20%.

Explanation:
Let Cost Price = 100 and initial Selling Price = x. Initial loss = 100 - x. New Selling Price = x / 2. New loss = 100 - (x / 2). 100 - (x / 2) = 3 * (100 - x). 100 - 0.5x = 300 - 3x. 2.5x = 200. x = 80. Initial loss = 100 - 80 = 20. Loss percentage = 20%.