A man sells an article at a profit of 12%. If the cost price is Rs. 250, what is the selling price? MCQ with Answer and Explanation

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A man sells an article at a profit of 12%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 275

B. Rs. 285

C. Rs. 280

D. Rs. 290

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 250*1.12 = 280.

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys a product for Rs. 240 and sells it for Rs. 300. What is the profit percentage?

A. 25%

B. 20%

C. 15%

D. 30%

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Correct Answer: Option A

Explanation:
Profit = 60, profit% = 60/240*100=25%.

This question belongs to: Maths Profit And Loss

Question #2

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A person sells an item at Rs. 800, gaining 25%. What is the cost price?

A. Rs. 680

B. Rs. 620

C. Rs. 660

D. Rs. 640

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Correct Answer: Option D

Explanation:
CP = 800 / 1.25 = 640.

This question belongs to: Maths Profit And Loss

Question #3

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If the selling price of an article is Rs. 540 and the loss is 10%, what is the cost price?

A. Rs. 560

B. Rs. 600

C. Rs. 580

D. Rs. 500

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Correct Answer: Option B

Explanation:
Let CP = x. Loss 10% => SP = 90% of x = 540 => x = 540/0.9 = 600.

This question belongs to: Maths Profit And Loss

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