Multiple Choice Questions

By selling an article for Rs1 200 a shopkeeper suffered a loss of 20 What was the cost price of that...........

Quantitative Aptitude (MTS) Profit and loss

By selling an article for Rs1,200, a shopkeeper suffered a loss of 20%. What was the cost price of that article?

This questions was previously asked in

SSC MTS 15th July 2022 Shift-3

Rs1,500

Rs1,020

Rs1,000

Rs1,180

- When a shopkeeper sells an article for Rs1,200 at a 20% loss, it means the selling price is 80% of the cost price.

- To find the cost price, let it be Rs X. Then, 80% of X = Rs 1,200.

- So, the equation is $0.80 \times X = 1, 200$ .

- Solve for X: $X = \frac{1, 200}{0.80} = 1, 500$ .

- Option:1 - Rs1,500 is the cost price.

- Option:2 - Rs1,020, was found using incorrect calculations.

- Option:3 - Rs1,000, assumes an even greater loss than stated.

- Option:4 - Rs1,180, seems close but is incorrect due to miscalculation.

Option 1, Rs1,500 is the cost price.

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