A person sells an article at a profit of 25%. If the cost price is Rs. 320, 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. 320, what is the selling price?

A. Rs. 420

B. Rs. 400

C. Rs. 380

D. Rs. 360

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 320 * 1.25 = 400.

This question belongs to: Maths Profit And Loss

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Question #1

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The cost price of an article is Rs. 400. If it is sold at a loss of 5%, what is the selling price?

A. Rs. 370

B. Rs. 385

C. Rs. 380

D. Rs. 390

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Correct Answer: Option C

Explanation:
Loss = 5% of 400 = 20, SP = 400 - 20 = 380.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper buys 20 kg of wheat at Rs. 30 per kg and sells at Rs. 36 per kg. What is his profit percentage?

A. 25%

B. 20%

C. 15%

D. 10%

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Correct Answer: Option B

Explanation:
CP = 20*30 = 600, SP = 20*36 = 720, profit = 120, profit% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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A man sells an item for Rs. 570, gaining 14%. Find the cost price.

A. Rs. 480

B. Rs. 540

C. Rs. 500

D. Rs. 520

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Correct Answer: Option C

Explanation:
CP = 570 / 1.14 = 500.

This question belongs to: Maths Profit And Loss

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