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
Admit Card Date:
18 Nov, 2024
- 25 Nov, 2024
Mains Exam
Admit Card Date:
23 Nov, 2024
- 30 Nov, 2024
Admit Card Date:
21 Nov, 2024
- 6 Dec, 2024
Mains Exam
Exam Date:
14 Dec, 2024
- 14 Dec, 2024
Exam Date:
19 Dec, 2024
- 29 Dec, 2024
