A person sells an article at a profit of 25%. If the cost price is Rs. 240, what is the selling price? MCQ with Answer and Explanation

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A person sells an article at a profit of 25%. If the cost price is Rs. 240, what is the selling price?

A. Rs. 260

B. Rs. 320

C. Rs. 300

D. Rs. 280

Answer: Option C

Solution (By JKSSB Mock Tests)

SP = 240*1.25 = 300.

This question belongs to: Maths Profit And Loss

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Question #1

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A shopkeeper mixes two qualities of rice priced at Rs. 40/kg and Rs. 50/kg in the ratio 3:2. At what price per kg should he sell the mixture to gain 20%?

A. Rs. 50.40

B. Rs. 54.00

C. Rs. 51.60

D. Rs. 52.80

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Correct Answer: Option D

Explanation:
Cost of 5kg mixture = (3 * 40) + (2 * 50) = 120 + 100 = 220. CP per kg = 220 / 5 = 44. To gain 20%, SP = 44 * 1.2 = Rs. 52.80.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys a shirt for Rs. 400 and sells it for Rs. 480. What is the gain percent?

A. 15%

B. 20%

C. 30%

D. 25%

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Correct Answer: Option B

Explanation:
Gain = 80, gain% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

Question #3

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An article was sold at a loss of 10%. If it was sold at Rs. 90 more, there would have been a gain of 5%. Find the cost price.

A. Rs. 650

B. Rs. 550

C. Rs. 600

D. Rs. 500

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Correct Answer: Option C

Explanation:
Let CP = x. SP1 = 0.9x, SP2 = 1.05x. Difference = 0.15x = 90 => x = 600.

This question belongs to: Maths Profit And Loss

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