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. 1580

B. Rs. 1620

C. Rs. 1680

D. Rs. 1720

Answer: Option C

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 person buys a pen for Rs. 20 and sells it for Rs. 25. What is the gain percentage?

A. 25%

B. 15%

C. 20%

D. 30%

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Correct Answer: Option A

Explanation:
Gain = 5, gain% = 5/20*100=25%.

This question belongs to: Maths Profit And Loss

Question #2

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Two lots of onions with equal quantity, one costing Rs. 10 per kg and the other costing Rs. 15 per kg, are mixed together and whole lot is sold at Rs. 15 per kg. What is the profit or loss percentage?

A. 20% profit

B. No profit no loss

C. 20% loss

D. 25% profit

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Correct Answer: Option A

Explanation:
Let quantity of each be 1 kg. Total Cost Price = 10 + 15 = 25 for 2 kg. Cost Price per kg = 12.5. Selling Price per kg = 15. Profit = 2.5. Profit percentage = (2.5 / 12.5) * 100 = 20%.

This question belongs to: Maths Profit And Loss