Question : By selling an article for Rs. 1,200, a shopkeeper suffered a loss of 20%. What was the cost price of that article?
Option 1: Rs. 1,500
Option 2: Rs. 1,020
Option 3: Rs. 1,000
Option 4: Rs. 1,180
Answer (1)
25th Jan, 2024
Correct Answer: Rs. 1,500
Solution :
If the shopkeeper suffered a loss of 20%, this means the selling price is 80% of the cost price.
Cost Price = $\frac{\text{Selling Price}}{80\%}=\frac{1200}{0.80}$ = Rs. 1500
Hence, the correct answer is Rs. 1,500.
Comments (0)
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Get Updates Brochure
Thank You!
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Exam Date:
30 Sep, 2024
- 14 Nov, 2024
Application Date:
23 Sep, 2024
- 15 Nov, 2024
Tier II
Exam Date:
18 Nov, 2024
- 18 Nov, 2024
Mains Exam
Exam Date:
30 Nov, 2024
- 30 Nov, 2024
Mains Exam
Exam Date:
14 Dec, 2024
- 14 Dec, 2024
