The marked price of an article is Rs. 1200. If the discount given is 15%, what is the selling price? MCQ with Answer and Explanation

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The marked price of an article is Rs. 1200. If the discount given is 15%, what is the selling price?

A. Rs. 1050

B. Rs. 1080

C. Rs. 1020

D. Rs. 1000

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 1200*0.85 = 1020.

This question belongs to: Maths Profit And Loss

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Question #1

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A man purchased an article for Rs. 500 and sold it for Rs. 600. What is the gain percentage?

A. 15%

B. 20%

C. 25%

D. 18%

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Correct Answer: Option B

Explanation:
Gain = 100, gain% = 100/500*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys an article at a 20% discount on its marked price and sells it at its marked price. What is his profit percentage?

A. 30%

B. 25%

C. 33.33%

D. 20%

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Correct Answer: Option B

Explanation:
Let Marked Price = 100. Cost Price = 80. Selling Price = 100. Profit = 20. Profit percentage = (20 / 80) * 100 = 25%.

This question belongs to: Maths Profit And Loss

Question #3

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If the cost price of 10 articles is equal to the selling price of 8 articles, find the profit percentage.

A. 20%

B. 25%

C. 30%

D. 15%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 8 = 10 => SP of 1 = 10/8 = 1.25, profit = 25%.

This question belongs to: Maths Profit And Loss

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