A man sells an article at a profit of 15%. If the cost price is Rs. 200, what is the selling price? MCQ with Answer and Explanation

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A man sells an article at a profit of 15%. If the cost price is Rs. 200, what is the selling price?

A. Rs. 235

B. Rs. 240

C. Rs. 230

D. Rs. 225

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 200*1.15 = 230.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper mixes two qualities of rice priced at Rs. 40/kg and Rs. 50/kg in the ratio 3:2. At what price per kg should he sell the mixture to gain 20%?

A. Rs. 51.60

B. Rs. 52.80

C. Rs. 54.00

D. Rs. 50.40

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Correct Answer: Option B

Explanation:
Cost of 5kg mixture = (3 * 40) + (2 * 50) = 120 + 100 = 220. CP per kg = 220 / 5 = 44. To gain 20%, SP = 44 * 1.2 = Rs. 52.80.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 8%

C. 6%

D. 4%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 130, SP = 130*0.8 = 104, profit = 4%.

This question belongs to: Maths Profit And Loss

Question #3

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A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A. 4

B. 6

C. 5

D. 3

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Correct Answer: Option C

Explanation:
Cost Price of 6 toffees = 1. Cost Price of 1 toffee = 1 / 6. Selling Price of 1 toffee to gain 20% = (1 / 6) * 1.20 = 1 / 5. He must sell 5 toffees for a rupee.

This question belongs to: Maths Profit And Loss

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