Find the selling price of an article bought for Rs. 800 and sold at a 15% profit. MCQ with Answer and Explanation

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Find the selling price of an article bought for Rs. 800 and sold at a 15% profit.

A. Rs. 900

B. Rs. 940

C. Rs. 920

D. Rs. 950

Answer: Option C

Solution (By JKSSB Mock Tests)

Profit = 15% of 800 = 120. Selling Price = 800 + 120 = Rs. 920.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 50% above cost and gives a discount of 25%. What is his profit percent?

A. 15%

B. 10%

C. 20%

D. 12.5%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 150, SP = 150*0.75 = 112.5, profit = 12.5%.

This question belongs to: Maths Profit And Loss

Question #2

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A trader allows a discount of 25% on the marked price and still gains 25%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1000

B. Rs. 900

C. Rs. 1050

D. Rs. 950

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Correct Answer: Option A

Explanation:
SP = 600*1.25 = 750. MP = 750 / 0.75 = 1000.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper sells a T-shirt for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 640

B. Rs. 580

C. Rs. 600

D. Rs. 620

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Correct Answer: Option C

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

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