A man sells an article at a profit of 25%. If the cost price is Rs. 320, what is the selling price? MCQ with Answer and Explanation

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A man sells an article at a profit of 25%. If the cost price is Rs. 320, what is the selling price?

A. Rs. 360

B. Rs. 420

C. Rs. 380

D. Rs. 400

Answer: Option D

Solution (By JKSSB Mock Tests)

SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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If an item is sold for Rs. 1020 at a loss of 15%, what was its cost price?

A. Rs. 1150

B. Rs. 1100

C. Rs. 1200

D. Rs. 1250

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Correct Answer: Option C

Explanation:
Selling Price = 1020. Loss = 15%. Cost Price = (1020 / 0.85) = 1200.

This question belongs to: Maths Profit And Loss

Question #2

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Two items are sold for Rs. 1200 each. One is sold at a 25% profit and the other at a 25% loss. What is the overall profit or loss percentage?

A. 6.25% loss

B. 5% loss

C. No profit no loss

D. 6.25% profit

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Correct Answer: Option A

Explanation:
When Selling Prices are equal, overall loss percentage = (x^2) / 100. Loss percentage = (25 * 25) / 100 = 6.25%.

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Question #3

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If the cost price of an article is Rs. 180 and the selling price is Rs. 216, what is the profit percentage?

A. 25%

B. 18%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 36, profit% = 36/180*100=20%.

This question belongs to: Maths Profit And Loss

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