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. 900

B. Rs. 1050

C. Rs. 1000

D. Rs. 1100

Answer: Option C

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

A. Rs. 320

B. Rs. 310

C. Rs. 300

D. Rs. 290

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Correct Answer: Option C

Explanation:
CP = 336 / 1.12 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a watch for Rs. 780, gaining 30%. Find the cost price.

A. Rs. 620

B. Rs. 600

C. Rs. 580

D. Rs. 640

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Correct Answer: Option B

Explanation:
CP = 780 / 1.30 = 600.

This question belongs to: Maths Profit And Loss

Question #3

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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. 30%

B. 15%

C. 20%

D. 25%

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Correct Answer: Option C

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

This question belongs to: Maths Profit And Loss

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