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. 480

B. Rs. 470

C. Rs. 450

D. Rs. 460

Answer: Option D

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 person buys a pair of shoes for Rs. 400 and sells them for Rs. 480. What is the gain percent?

A. 25%

B. 30%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 80, gain% = 80/400*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article at a loss of 10%. If the cost price is Rs. 550, what is the selling price?

A. Rs. 485

B. Rs. 505

C. Rs. 495

D. Rs. 500

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Correct Answer: Option C

Explanation:
Loss = 10% of 550 = 55, SP = 550 - 55 = 495.

This question belongs to: Maths Profit And Loss

Question #3

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A dealer marks his goods 40% above the cost price. He sells 50% of the goods at the marked price, 25% at a 20% discount on the marked price, and the rest at a 40% discount on the marked price. What is his overall profit percentage?

A. 15%

B. 18%

C. 21%

D. 19%

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Correct Answer: Option D

Explanation:
Let 100 items cost 10000. Marked Price = 140. 50 items sold at 140 = 7000. 25 items sold at 112 (140 * 0.8) = 2800. 25 items sold at 84 (140 * 0.6) = 2100. Total Selling Price = 7000 + 2800 + 2100 = 11900. Total Cost Price = 10000. Profit = 1900. Profit percentage = 19%.

This question belongs to: Maths Profit And Loss

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