A shopkeeper sells an item at a profit of 25%. If the cost price is Rs. 800, what is the selling price? MCQ with Answer and Explanation

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A shopkeeper sells an item at a profit of 25%. If the cost price is Rs. 800, what is the selling price?

A. Rs. 1000

B. Rs. 1100

C. Rs. 1050

D. Rs. 900

Answer: Option A

Solution (By JKSSB Mock Tests)

SP = CP + 25% of CP = 800 + 200 = Rs. 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys a book for Rs. 80 and sells it for Rs. 96. What is the gain percentage?

A. 18%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Gain = 16, gain% = 16/80*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

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A man sold a book at a 16% loss. Had he sold it for Rs. 42 more, he would have gained 12%. What is the cost price of the book?

A. Rs. 150

B. Rs. 120

C. Rs. 160

D. Rs. 140

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Correct Answer: Option A

Explanation:
Difference in percentage = 12% - (-16%) = 28%. 28% of Cost Price = 42. Cost Price = (42 / 28) * 100 = 150.

This question belongs to: Maths Profit And Loss

Question #3

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An article is sold at Rs. 280 at a loss of 20%. What is its cost price?

A. Rs. 320

B. Rs. 350

C. Rs. 340

D. Rs. 360

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Correct Answer: Option B

Explanation:
SP = 80% of CP => CP = 280/0.8 = 350.

This question belongs to: Maths Profit And Loss

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