The marked price of an article is Rs. 1500. A shopkeeper gives a discount of 20% and still makes a profit of 25%. What is the cost price? MCQ with Answer and Explanation

Question

The marked price of an article is Rs. 1500. A shopkeeper gives a discount of 20% and still makes a profit of 25%. What is the cost price?

A. Rs. 1050

B. Rs. 900

C. Rs. 960

D. Rs. 1000

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 80% of 1500 = 1200. SP = 125% of CP. 1.25 * CP = 1200. CP = 1200 / 1.25 = Rs. 960.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 225 and the loss is 25%, find the cost price.

A. Rs. 320

B. Rs. 300

C. Rs. 280

D. Rs. 290

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Correct Answer: Option B

Explanation:
SP = 75% of CP => CP = 225 / 0.75 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer marks his goods 50% above cost price and gives a discount of 20%. What is his gain percent?

A. 15%

B. 20%

C. 30%

D. 25%

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Correct Answer: Option B

Explanation:
Let CP=100, MP=150, SP=150*0.8=120, gain=20%.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 390 and the profit is 30%, find the cost price.

A. Rs. 290

B. Rs. 310

C. Rs. 320

D. Rs. 300

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Correct Answer: Option D

Explanation:
CP = 390 / 1.30 = 300.

This question belongs to: Maths Profit And Loss

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