A man sells an article at a profit of 18%. 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 18%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 290

B. Rs. 300

C. Rs. 295

D. Rs. 285

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 250 * 1.18 = 295.

This question belongs to: Maths Profit And Loss

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Question #1

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The cost price of 15 pens is equal to the selling price of 12 pens. What is the profit percentage?

A. 20%

B. 30%

C. 25%

D. 33.33%

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Correct Answer: Option C

Explanation:
Let CP of 1 pen = 1. CP of 12 pens = 12. SP of 12 pens = CP of 15 pens = 15. Profit = 15 - 12 = 3. Profit percentage = (3 / 12) * 100 = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells a product for Rs. 380, losing 5%. What is the cost price?

A. Rs. 410

B. Rs. 385

C. Rs. 400

D. Rs. 390

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Correct Answer: Option C

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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If the loss is one-fifth of the cost price, what is the loss percentage?

A. 30%

B. 20%

C. 25%

D. 16.67%

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Correct Answer: Option B

Explanation:
Loss = Cost Price / 5. Loss percentage = (Loss / Cost Price) * 100 = (1 / 5) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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