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. 1050

B. Rs. 900

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. 252 and the loss is 16%, find the cost price.

A. Rs. 290

B. Rs. 300

C. Rs. 320

D. Rs. 280

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Correct Answer: Option B

Explanation:
SP = 84% of CP => CP = 252 / 0.84 = 300.

This question belongs to: Maths Profit And Loss

Question #2

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A tradesman marks his goods 25% above the cost price and allows a 10% discount for cash payment. If he earns a profit of Rs. 50, what is the cost price?

A. Rs. 380

B. Rs. 400

C. Rs. 350

D. Rs. 450

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Correct Answer: Option B

Explanation:
Let Cost Price = 100x. Marked Price = 125x. Selling Price = 125x * 0.90 = 112.5x. Profit = 12.5x. 12.5x = 50. x = 4. Cost Price = 100 * 4 = 400.

This question belongs to: Maths Profit And Loss