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

Question

Share Report Error

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

A. Rs. 210

B. Rs. 198

C. Rs. 204

D. Rs. 216

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A trader marks his goods 55% above cost and gives a discount of 25%. What is his profit percent?

A. 15%

B. 18%

C. 20%

D. 16.25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let CP = 100, MP = 155, SP = 155*0.75 = 116.25, profit = 16.25%.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If the cost price of an article is Rs. 480 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 540

B. Rs. 550

C. Rs. 560

D. Rs. 552

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 480 * 1.15 = 552.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the selling price of an article is Rs. 336 and the profit is 12%, find the cost price.

A. Rs. 320

B. Rs. 300

C. Rs. 290

D. Rs. 310

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 336 / 1.12 = 300.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs