An item is sold at Rs. 360, earning a profit of 20%. What would be the selling price if it is sold at a loss of 20%? MCQ with Answer and Explanation

Question

Share Report Error

An item is sold at Rs. 360, earning a profit of 20%. What would be the selling price if it is sold at a loss of 20%?

A. Rs. 280

B. Rs. 260

C. Rs. 240

D. Rs. 250

Answer: Option C

Solution (By JKSSB Mock Tests)

SP1 = 1.2 CP => CP = 360/1.2 = 300. Loss 20% => SP = 300*0.8 = 240.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A person sells an article at a profit of 25%. If the cost price is Rs. 240, what is the selling price?

A. Rs. 260

B. Rs. 300

C. Rs. 320

D. Rs. 280

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SP = 240*1.25 = 300.

This question belongs to: Maths Profit And Loss

Question #2

Share Report

If the cost price of an article is Rs. 200 and the selling price is Rs. 250, what is the profit percentage?

A. 15%

B. 25%

C. 30%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Profit = 50, profit% = 50/200*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #3

Share Report

The profit earned by selling an article for Rs. 1630 is the same as the loss incurred by selling it for Rs. 1320. At what price should it be sold to earn a 20% profit?

A. Rs. 1850

B. Rs. 1800

C. Rs. 1770

D. Rs. 1750

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Cost Price = (1630 + 1320) / 2 = 2950 / 2 = 1475. Desired Selling Price = 1475 * 1.20 = 1770.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs