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. 200

C. Rs. 300

D. Rs. 250

Answer: Option C

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

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Question #1

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Price of petrol increased by 30%. To keep expenditure same, consumption must reduce by:

A. 25%

B. 30%

C. 20%

D. 23.08%

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Correct Answer: Option D

Explanation:
Reduction % = (30/130)×100 ≈ 23.08%.

This question belongs to: Maths Percentage

Question #2

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1/8 as percentage is:

A. 15%

B. 12.5%

C. 10%

D. 12%

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Correct Answer: Option B

Explanation:
(1/8)×100 = 12.5%.

This question belongs to: Maths Percentage

Question #3

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If the price of petrol increases by 40%, by what percent must a person reduce consumption so that expenditure increases by only 12%?

A. 22%

B. 18%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
1.4 × x = 1.12 → x = 0.8, reduction 20%.

This question belongs to: Maths Percentage

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