A shopkeeper sells a product at a profit of 15%. If the cost price is Rs. 400, what is the selling price? MCQ with Answer and Explanation

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A shopkeeper sells a product at a profit of 15%. If the cost price is Rs. 400, what is the selling price?

A. Rs. 460

B. Rs. 450

C. Rs. 480

D. Rs. 470

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = 400*1.15 = 460.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 40% above cost and gives a discount of 15%. What is his profit percent?

A. 19%

B. 18%

C. 20%

D. 15%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 140, SP = 140*0.85 = 119, profit = 19%.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 540 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 675

B. Rs. 650

C. Rs. 660

D. Rs. 700

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Correct Answer: Option A

Explanation:
SP = 540 * 1.25 = 675.

This question belongs to: Maths Profit And Loss

Question #3

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A person sells an item at Rs. 450, losing 10%. What would be the selling price to gain 10%?

A. Rs. 520

B. Rs. 540

C. Rs. 550

D. Rs. 500

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Correct Answer: Option C

Explanation:
CP = 450 / 0.9 = 500. To gain 10%, SP = 500*1.1 = 550.

This question belongs to: Maths Profit And Loss

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