A person sells an item at a profit of 15%. If the cost price is Rs. 200, what is the selling price? MCQ with Answer and Explanation

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A person sells an item at a profit of 15%. If the cost price is Rs. 200, what is the selling price?

A. Rs. 225

B. Rs. 230

C. Rs. 240

D. Rs. 235

Answer: Option B

Solution (By JKSSB Mock Tests)

SP = 200*1.15 = 230.

This question belongs to: Maths Profit And Loss

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Question #1

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If an article is sold at Rs. 320, there is a loss of 20%. What is its cost price?

A. Rs. 420

B. Rs. 360

C. Rs. 400

D. Rs. 380

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Correct Answer: Option C

Explanation:
CP = 320/0.8 = 400.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 165 and the profit is 10%, find the cost price.

A. Rs. 160

B. Rs. 140

C. Rs. 155

D. Rs. 150

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Correct Answer: Option D

Explanation:
CP = 165 / 1.10 = 150.

This question belongs to: Maths Profit And Loss

Question #3

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The marked price of a machine is Rs. 3200. Two successive discounts are offered, the first being 10%. If the final selling price is Rs. 2448, find the second discount percentage.

A. 18%

B. 20%

C. 12%

D. 15%

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Correct Answer: Option D

Explanation:
Price after first discount = 3200 * 0.90 = 2880. Second discount amount = 2880 - 2448 = 432. Second discount percentage = (432 / 2880) * 100 = 15%.

This question belongs to: Maths Profit And Loss

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