Multiple Choice Questions on In a stock clearance sale a shopkeeper gives 40 off on all his items He incurs a loss of 25 by selli........... for CAPF (AC) Exam Preparation

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Multiple Choice Questions

In a stock clearance sale a shopkeeper gives 40 off on all his items He incurs a loss of 25 by selli...........

Quantitative Aptitude( Paper-I ) Profit and loss
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    In a stock clearance sale, a shopkeeper gives 40% off on all his items. He incurs a loss of 25% by selling an item of marked price Rs. 2,000. Which one of the following is the cost price of this item?
    This questions was previously asked in
    CAPF 2021 Paper-1
    View All CAPF Previous Year Papers

    Rs.1,800

    Incorrect Answer

    Rs.1,200

    Incorrect Answer

    Rs.1,600

    Correct Answer

    Rs.1,400

    Incorrect Answer
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    Explanation:

    Rs.1,600.

    • Marked price= 2000
    • Selling price= 40% of 2000= 1200
    • Now loss= 25%
    • i.e. 75% of costing price is equal to selling price, so
    • 75% of cost price= 1200
    • Cost price = 1600

    By: Parvesh Mehta
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