A person purchased an item for Rs. 1500 and sold it at a profit of 12%. What is the selling price? MCQ with Answer and Explanation

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A person purchased an item for Rs. 1500 and sold it at a profit of 12%. What is the selling price?

A. Rs. 1620

B. Rs. 1680

C. Rs. 1720

D. Rs. 1580

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 1500 * 1.12 = 1680.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 30% on the marked price and still makes a profit of 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 950

B. Rs. 1000

C. Rs. 1028.57

D. Rs. 1100

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Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #2

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A dealer sells a chair for Rs. 720, losing 20%. What is the cost price?

A. Rs. 850

B. Rs. 800

C. Rs. 900

D. Rs. 950

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Correct Answer: Option C

Explanation:
SP = 80% of CP => CP = 720 / 0.8 = 900.

This question belongs to: Maths Profit And Loss

Question #3

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The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent.

A. 20%

B. 30%

C. 25%

D. 33.33%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 4/3 = 1.333, gain = 33.33%.

This question belongs to: Maths Profit And Loss

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