The marked price of an article is 50% above its cost price. The shopkeeper allows a discount of 20% and earns a profit of Rs. 60. Find the cost price. MCQ with Answer and Explanation

Question

The marked price of an article is 50% above its cost price. The shopkeeper allows a discount of 20% and earns a profit of Rs. 60. Find the cost price.

A. Rs. 350

B. Rs. 250

C. Rs. 200

D. Rs. 300

Answer: Option D

Solution (By JKSSB Mock Tests)

CP=x, MP=1.5x, SP=1.5x×0.8=1.2x. Profit = 0.2x = 60 → x=300.

This question belongs to: Maths Percentage

Request complete Subject PDF

Discuss this Question (0)

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

Practice More Percentage Questions

Question #1

Share Report

A man saves 20% of his monthly income. If his monthly expenditure increases by 25% and his income increases by 30%, his savings increase by what percent?

A. 50%

B. 45%

C. 55%

D. 40%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let income=100, exp=80, sav=20. New inc=130, new exp=80×1.25=100, sav=30. Increase = 10, % = (10/20)×100 = 50%.

This question belongs to: Maths Percentage