The cost price of an article is Rs. 240. If it is sold at a loss of 12.5%, what is the selling price? MCQ with Answer and Explanation

Question

Share Report Error

The cost price of an article is Rs. 240. If it is sold at a loss of 12.5%, what is the selling price?

A. Rs. 210

B. Rs. 220

C. Rs. 215

D. Rs. 205

Answer: Option A

Solution (By JKSSB Mock Tests)

Loss = 12.5% of 240 = 30, SP = 240 - 30 = 210.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A dishonest dealer marks up his goods by 20% and then gives a discount of 10%. He uses a 900g weight instead of 1kg. What is his actual profit percentage?

A. 15%

B. 20%

C. 18%

D. 22%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Actual Cost Price for 900g = 900. Marked Price for 1000g = 1200. Selling Price after 10% discount = 1080. He claims to sell 1000g but gives 900g. Profit = 1080 - 900 = 180. Profit percentage = (180 / 900) * 100 = 20%.

This question belongs to: Maths Profit And Loss