If the cost price of an article is Rs. 300 and it is sold at a loss of 5%, what is the selling price? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 300 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 285

B. Rs. 295

C. Rs. 280

D. Rs. 290

Answer: Option A

Solution (By JKSSB Mock Tests)

Loss = 5% of 300 = 15, SP = 300-15=285.

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. 260 and the profit is 30%, what is the cost price?

A. Rs. 200

B. Rs. 210

C. Rs. 220

D. Rs. 190

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Correct Answer: Option A

Explanation:
CP = 260/1.3 = 200.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a book for Rs. 315, gaining 5%. Find the cost price.

A. Rs. 310

B. Rs. 290

C. Rs. 300

D. Rs. 320

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Correct Answer: Option C

Explanation:
CP = 315 / 1.05 = 300.

This question belongs to: Maths Profit And Loss

Question #3

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A shopkeeper buys two articles for Rs. 1500 in total. He sells the first at a 20% profit and the second at a 10% loss. If his overall profit is Rs. 90, find the cost price of the first article.

A. Rs. 1000

B. Rs. 900

C. Rs. 800

D. Rs. 700

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Correct Answer: Option C

Explanation:
Let CP of first = x. CP of second = 1500 - x. Profit = 0.20x - 0.10(1500 - x) = 90. 0.30x - 150 = 90. 0.30x = 240. x = 800.

This question belongs to: Maths Profit And Loss

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