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. 320

B. Rs. 300

C. Rs. 280

D. Rs. 260

Answer: Option B

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 sells a watch for Rs. 990, gaining 10%. Find the cost price.

A. Rs. 880

B. Rs. 900

C. Rs. 950

D. Rs. 920

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Correct Answer: Option B

Explanation:
CP = 990 / 1.10 = 900.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys oranges at 5 for Rs. 10 and an equal number at 4 for Rs. 10. He mixes them and sells them at 9 for Rs. 20. What is his profit or loss percentage?

A. 1.5% Loss

B. 1% Loss

C. No profit no loss

D. 1.23% Loss

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Correct Answer: Option D

Explanation:
Let he buy 20 of each (LCM of 5 and 4). CP1 = (10/5)*20 = 40. CP2 = (10/4)*20 = 50. Total CP = 90 for 40 oranges. SP of 40 oranges = (20/9) * 40 = 800/9 = 88.88. Loss = 90 - 88.88 = 1.11. Loss % = (1.11 / 90) * 100 = 1.23%.

This question belongs to: Maths Profit And Loss