A shopkeeper buys a bag for Rs. 240 and sells it at a loss of 15%. What is the selling price? MCQ with Answer and Explanation

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A shopkeeper buys a bag for Rs. 240 and sells it at a loss of 15%. What is the selling price?

A. Rs. 198

B. Rs. 216

C. Rs. 210

D. Rs. 204

Answer: Option D

Solution (By JKSSB Mock Tests)

Loss = 15% of 240 = 36, SP = 240 - 36 = 204.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader allows a discount of 15% on the marked price and still gains 10%. If the cost price is Rs. 400, find the marked price.

A. Rs. 510

B. Rs. 517.65

C. Rs. 500

D. Rs. 530

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Correct Answer: Option B

Explanation:
SP = 400*1.1 = 440. MP = 440 / 0.85 = 517.65.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 176 and the profit is 10%, find the cost price.

A. Rs. 160

B. Rs. 165

C. Rs. 170

D. Rs. 155

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Correct Answer: Option A

Explanation:
CP = 176 / 1.10 = 160.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a T-shirt for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 580

B. Rs. 620

C. Rs. 640

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

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