The marked price of an item is Rs. 1200. A discount of 15% is offered. What is the selling price? MCQ with Answer and Explanation

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The marked price of an item is Rs. 1200. A discount of 15% is offered. What is the selling price?

A. Rs. 1050

B. Rs. 980

C. Rs. 1020

D. Rs. 1100

Answer: Option C

Solution (By JKSSB Mock Tests)

Discount = 15% of 1200 = 180. Selling Price = 1200 - 180 = 1020.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper buys 50 kg of rice at Rs. 40 per kg and sells at Rs. 48 per kg. What is his profit percentage?

A. 10%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option B

Explanation:
CP = 50*40 = 2000, SP = 50*48 = 2400, profit = 400, profit% = 400/2000*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 320 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 400

B. Rs. 380

C. Rs. 420

D. Rs. 350

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Correct Answer: Option A

Explanation:
SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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An article is sold at 20% profit. If its cost price and selling price are both decreased by Rs. 100, the profit percentage becomes 25%. Find the original cost price.

A. Rs. 450

B. Rs. 400

C. Rs. 500

D. Rs. 600

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Correct Answer: Option C

Explanation:
Let original CP = x. Original SP = 1.2x. New CP = x - 100. New SP = 1.2x - 100. New profit = 25%. So, 1.2x - 100 = 1.25(x - 100). 1.2x - 100 = 1.25x - 125. 0.05x = 25. x = 500.

This question belongs to: Maths Profit And Loss

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