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

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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. 205

B. Rs. 210

C. Rs. 220

D. Rs. 215

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

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Question #1

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If a shopkeeper sells an item at Rs. 216, he gains 8%. Find the cost price.

A. Rs. 190

B. Rs. 210

C. Rs. 200

D. Rs. 208

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Correct Answer: Option C

Explanation:
CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is his net profit percentage?

A. 15%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option B

Explanation:
Let Cost Price = 100. Marked Price = 120. Selling Price after 10% discount = 120 * 0.90 = 108. Profit = 108 - 100 = 8. Net profit percentage = 8%.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 192 and the profit is 20%, find the cost price.

A. Rs. 180

B. Rs. 150

C. Rs. 170

D. Rs. 160

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Correct Answer: Option D

Explanation:
CP = 192 / 1.20 = 160.

This question belongs to: Maths Profit And Loss

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