A man sells an article at a profit of 30%. If the cost price is Rs. 500, what is the selling price? MCQ with Answer and Explanation

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A man sells an article at a profit of 30%. If the cost price is Rs. 500, what is the selling price?

A. Rs. 550

B. Rs. 650

C. Rs. 700

D. Rs. 600

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 500*1.3 = 650.

This question belongs to: Maths Profit And Loss

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Question #1

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An article is sold at Rs. 720, incurring a loss of 10%. What is its cost price?

A. Rs. 850

B. Rs. 800

C. Rs. 820

D. Rs. 780

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Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 720 / 0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper allows a discount of 20% on an article marked at Rs. 1500. What is the selling price?

A. Rs. 1150

B. Rs. 1250

C. Rs. 1200

D. Rs. 1300

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Correct Answer: Option C

Explanation:
SP = 1500 * 0.8 = 1200.

This question belongs to: Maths Profit And Loss

Question #3

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A book was sold at a 12% profit. If it had been bought at 10% less and sold for Rs. 5.75 more, the profit would have been 30%. Find the cost price.

A. Rs. 120

B. Rs. 125

C. Rs. 150

D. Rs. 115

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Correct Answer: Option D

Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 112x. New Cost Price = 90x. New Selling Price = 90x * 1.30 = 117x. Difference in Selling Price = 117x - 112x = 5x. 5x = 5.75. x = 1.15. Cost Price = 100 * 1.15 = 115.

This question belongs to: Maths Profit And Loss

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